Kenya’s fourth-biggest bank by assets plans to piggyback on its new anchor shareholder Nedbank Group Ltd. to woo high-net-worth East Africans looking to grow their wealth outside the continent.

Kenya’s shilling has traded in an unusually narrow band against the dollar for 18 months, emerging as one of the world’s most stable currencies after a bruising 2023 rout.

Kenya has reached its target 106.3 billion shillings ($824.1 million) from the initial public offering of its state-run pipeline company, the first such sale for the East African nation in more than a decade.

Kenya raised $2.25 billion of bonds to finance a debt buyback, joining a wave of African sovereigns tapping international markets as borrowing costs ease.

Kenya raised $2.25 billion of bonds to finance a debt buyback, joining a wave of African sovereigns tapping international markets as borrowing costs ease.

Kenya and Ivory Coast are the latest African nations to return to the international bond market, seeking to take advantage of lower borrowing costs and a risk-on sentiment to raise funds.

Maser Group, a closely held Dubai-based company, is pivoting to investment in farmland and data centers across Africa as demand for technology infrastructure and the need for food security surge.

The head of Kenya’s Independent Electoral and Boundaries Commission resigned, 18 months before elections scheduled for August next year.

Moody’s Ratings upgraded its assessment of Kenya’s debt, citing a reduced risk of default in the near-term. The nation’s dollar bonds rallied.

Moody’s Ratings upgraded its assessment of Kenya’s debt, citing a reduced risk of default in the near-term. The nation’s dollar bonds rallied.

Ethiopia’s Capital Markets Authority is reviewing 66 prospectus submitted by companies seeking approvals for various issuances in the Horn of Africa nation.

Kenya, the world’s largest exporter of black tea, is ramping up production of orthodox teas, which fetch higher prices and are seeing rising demand.

Nonprofits backed by the Rockefeller Foundation and the World Bank have won tens of millions of dollars to boost the productivity of African farmers using an array of solar-power devices.

Kenya plans to raise a record 106.3 shillings ($824.1 million) from an initial public offering of a state-run pipeline company, the first such sale in more than a decade.

South Africa declared a national disaster after severe weather conditions led to deadly floods across parts of the country.

Day visitation to South Africa’s iconic Kruger National Park will resume on Monday on better weather conditions following the devastation caused by deadly floods last week.

The US escalated its criticism of South Africa after naval exercises this week involving China and some of the BRICS member nations.

CCI Global, a major call center operator in Africa, will invest about $378 million over the next two years to strengthen operations across Europe, the Middle East and Africa.

The World Bank raised its growth forecast for Kenya, citing low inflation, easier monetary policy, stronger credit growth and resilient agriculture as key drivers behind the revision.

Vodacom Group Ltd. is in talks with Kenya about potentially acquiring part of the government’s stake in Safaricom Ltd., according to people familiar with the matter.