The International Monetary Fund said on Friday, March 22, that a two-week mission to Rwanda had agreed to allocate another $165.5 million in funding to the country, even as it warned of vulnerabilities tilted to the downside. While Rwanda’s economic outlook continues to be positive, IMF mission lead, Ruben Atoyan said that a number of […]
The President of Kenya, William Ruto, has formally signed a contentious bill into law, creating a path for the government to continue collecting a housing levy of 1.5% of a worker’s monthly pay. The signing ceremony was conducted in State House Nairobi and attended by key government officials. The primary goal of the levy is […]
Adaora Umeoji has been named the Group Managing Director (GMD) of Zenith Bank Plc, with her appointment set to take effect from June 2024. This significant milestone marks her as the first female to assume the role of GMD in the bank’s history. Transitioning from her position as the deputy managing director at Zenith Bank […]
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On Wednesday, Access Bank and KCB Group signed a binding agreement to acquire 100 percent shareholding in National Bank of Kenya Limited (NBK) from KCB. The successful finalization of the transaction hinges on meeting standard conditions typical for such deals, which include securing regulatory approvals from bodies such as the Central Bank of Kenya, the […]
According to the 2023 Eastern Africa Youth Digital Readiness Index, Kenya is the nation leading the way in the digital revolution. Kenya’s extensive usage of mobile money, government infrastructure spending, and digital literacy campaigns are all credited for the country’s rating. Even having a score of 26.75, Kenya continues to struggle with unequal access to […]
The commencement of the Rwanda-Zimbabwe Business Forum on Monday is a compelling example of the transformative potential of cooperation between the South and the South. A remarkable success story, the 50% increase in trade between these two countries over the last two years offers important lessons for the whole African continent. The annual forum, which […]
In an exclusive interview with China Central Television (CCTV), President Denis Sassou Nguesso of the Republic of the Congo articulated his nation’s commitment to contributing towards global peace amidst the pervasive violence and unrest plaguing various regions worldwide. Emphasizing the significance of China-proposed initiatives in global governance, President Sassou underscored the interconnectedness of nations, asserting […]
There is a ray of hope for the Bajuni language in Lamu County and the Coast at large with the launch of books in Kibajuni. This is the first time books in the Bajuni dialect have been published. The books are meant to safeguard the cultural heritage of the Bajuni, oral traditions, and poetry. The […]
Over the last few years, Layi Wasabi has emerged as one of Instagram’s most humorous individuals. His style of content, portraying sarcastic depictions of various con artists such as the corrupt alajo, lawyer, and police, has resonated widely in the era of meme culture. This year, Layi Wasabi is receiving well-deserved recognition. Meta, the parent […]
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The recreation of the Zimbabwean beloved “Neria”, a movie from years past, “Neria 21” premiered some days back on YouTube, according to the film’s makers. The premiere, which was being hosted by Rawsoot Studio, falls on International Women’s Day, a day late. The remake of Neria, which debuted thirty years ago and brought attention to […]