Egypt’s c. bank joins PAPSS to boost intra-African trade
The Central Bank of Egypt (CBE) approved joining the Pan-African Payment and Settlement System (PAPSS) in November…
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Kenya
Kenya targets 3.8% budget deficit for FY ’25/’26
Kenya will target a budget deficit of 3.8 per cent of GDP in the FY 25/26 , a senior official from the Ministry of…
Egypt’s trade w/ African blocs up in ’23
Egypt’s total trade with African Union countries reached $9.2 billion in 2023, marking a 5.7 per cent increase from…
Egypt’s Arab Contractors wins $70-m road project in Uganda
Arab Contractors Co. has secured a $70 million contract for the design and implementation of the 56-kilometer…
JPMorgan Chase plans African expansion
JPMorgan Chase, the largest US lender, is planning to enter Kenya and Ivory Coast this year as part of its strategy…
Kenya seeks IMF support amid economic adjustments
Kenya is in discussions with the International Monetary Fund (IMF) to secure additional funding by year-end and to…
Kenya projects 3.5% budget deficit in FY ’25
Kenya's finance ministry projected a decline in the country's budget deficit to 3.5 per cent of GDP in the upcoming…
Kenya launches national debt audit
Kenya has initiated a comprehensive audit of its national debt, Finance Minister John Mbadi announced on Monday.…
Kenya c.bank to hold its next rate decision meeting on Oct 8
The Central Bank of Kenya (CBK) announced on Monday that its Monetary Policy Committee (MPC) will hold its next…
Huawei, Kenya join forces for cybersecurity boost
Chinese telecom giant Huawei has joined forces with the Kenyan government to bolster the cybersecurity capabilities…
