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Total revenue declined 3.1% year-on-year to $298.5 million (KShs 38.51 billion), driven by reductions in both net interest income and non-interest income. This pressure reflects a normalizing interest rate environment in Kenya following earlier high rates.
The lender’s total assets expanded to $216.5 billion (R3.6 trillion) from $196.0 billion (R3.26 trillion) a year earlier, reflecting robust balance sheet growth across both domestic and regional operations.
Zambia’s mines minister Paul Kabuswe on Tuesday said the government is holding investment discussions with US and other foreign partners as part of a broader strategy to expand output in Africa’s second-largest copper producer.
Tanzanian authorities are pushing domestic value addition, including plans for a state-backed refinery and requirements for large miners to process and trade portions locally.
Neway enables users to open brokerage accounts remotely, view real-time market data, place buy and sell orders, execute trades, and monitor portfolios—all from smartphones
The latest purchase comes at a time when global central banks are rapidly increasing their gold holdings amid rising geopolitical tensions and persistent economic uncertainty.
MSC told customers the surcharge would remain ‘until further notice’ while the company continues to monitor the situation in coordination with authorities and insurers.
Kenya’s private sector stayed in expansion mode in February, with the Stanbic Bank PMI at 50.4 above the 50 neutral line despite a slight slowdown. Services, construction and retail led gains, while inflation cooled to 4.3%.
With confidence at a multi-year low and order books thinning, the durability of South Africa’s fragile stabilisation may hinge on a sustained recovery in domestic demand and supportive macroeconomic conditions.
South Africa’s Nedbank Group reported a modest 2% increase in headline earnings for the full year 2025, reaching $1.07 billion (R17.2 billion), as improved credit quality helped offset subdued revenue growth amid ongoing economic challenges in the country.
S&P said all five sub-components of the index signalled weaker operating conditions compared with January, as firms grappled with softening demand and intensifying price pressures.
Treasury bonds comprise $44.5 billion (KSh 5.739 trillion) about 81% of the total with local banks, pension funds, and insurance companies accounting for nearly 79% of domestic securities
The flagship alumina refinery is designed to process approximately 1 million tonnes of bauxite ore per year using a modern Bayer-process flowsheet.Over an expected 20-year lifespan at 95% utilisation, the facility is projected to produce approximately 19 million tonnes
Egypt’s net foreign assets (NFA) climbed to an unprecedented $29.54 billion in January, marking a $4.02 billion increase from the previous month
Except for January’s dip, operating conditions have strengthened consistently since December 2024, pointing to sustained business momentum.
The escalating U.S.-Israel-Iran conflict has placed the Strait of Hormuz, the chokepoint for roughly 20% of global seaborne crude and significant LNG volumes at the heart of energy market volatility.
Uganda aims to buy 100 kg of Gold between March and June 2026 to boost reserves and cushion the economy against risks from ongoing Tehran Airstrikes.
The newly inaugurated Luvo border complex in Zaire Province consolidates customs, immigration, police and phytosanitary services into a single integrated facility, replacing a fragmented system where agencies operated separately.
The IMF has unlocked $2.3 billion for Egypt after key reviews, praising sharp inflation declines and a stabilizing economy—but urging faster progress on privatization and structural reforms to secure lasting growth.
Zimbabwe has terminated negotiations on a proposed $367 million five-year bilateral health agreement with the United States, citing concerns over mandatory sharing of sensitive epidemiological and biological data.