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Kenya’s Central Bank Governor, Kamau Thugge has raised the red flag for non-compliance of banks that have failed to conform to the new rate caps citing they will be conducting market inspection among commercial banks to ensure adherence. 

CBK Governor warns banks over non-compliance on interest rates

African countries can seize the opportunity in harmonizing and standardizing payment systems if the continent is to formalize trade and deepen pan-African payments systems. 

Standardising payment systems way to drive pan-African trade

The advent of new cutting-edge technology is projected to cut down healthcare costs significantly in Africa as private sector investments expands across the continent. 

Delivering healthcare on wheels cutting down costs in Africa

Kenya & Uganda are set to hold their first sittings of their Monetary Policy Committee meetings for 2025 amidst raging global uncertainties with the U.S economy witnessing unprecedented shifts that are having huge ramifications on emerging economies.

Kenya & Uganda set to hold MPC meetings amidst global uncertainties

Kenya’s smart city initiative dubbed Konza Technopolis is well on course to position the country as a technology hub in Africa. The multi-billion-shilling project seeks to drive the country into a middle-income economy by 2030. 

Kenya’s smart city Konza angles for big American tech firms

Rwanda’s capital market continues to play a crucial role in helping SMEs and corporations raise long-term funding. 

Rwanda’s capital market taps SMEs

The Tanzania market has been performing exponentially in the last few months with the rise in treasury bond yields and increase in market capitalisation. 

Tanzania’s growth & inflation outlook for 2025 

Countries within Africa have been urged to accelerate financial technology integration in a bid to grow payment systems for the continent in a move out to deepen trade. 

Africa Prosperity Dialogues fronts digital payments

East Africa Breweries Limited, EABL has posted a net revenue of Ksh67.9 billion, reflecting a 2 per cent increase compared to the same period last year and a volume growth of 1 per cent. 

EABL posts Ksh8.1 billion profit after tax

Africa’s agricultural sector has been experiencing tremendous growth, with new strategies reshaping how smallholder farmers adapt to modern challenges such as technology inclusion in the sector. 

Empowering smallholder farmers with climate-smart solutions

Uganda has maintained fourth position in the Absa Africa Financial Markets Index for 2024, with a slight score adjustment. Uganda's ranking is attributed to its strong macroeconomic environment and transparency. 

Uganda holds steady at 4th place in African financial markets index

The Capital Markets Authority is upbeat to drive economic growth in Rwanda with plans to bring in new investment products, new regulatory frameworks, more focus on green financing and inclusion of small and medium enterprises at the stock exchange. 

CBEA