Kenya Airways Signs Agreement with Zenz Technologies to Improve Revenue Management
Zenz Technologies will be in charge of implementing a revenue management system for Kenya Airways as the airline maintains optimal...
Oil Falls to 7-Month Low on Renewed Demand Fears, Rate Hike Expectations
Crude oil inventories in the U.S. Strategic Petroleum Reserve (SPR) fell 7.5 million barrels in the week to Sept. 2...
Centum Securities Returns Gain to 14% Despite Company’s Cut in Equities Exposure
According to Centum's annual report, the MSP portfolio of cash securities, which is managed by Centum's asset management subsidiary Nabo...
Kenya’s Forex Reserves Fall to a 5-year low due to the Weakening Shilling.
The last time the forex reserves were at this level was in October 2017, underlining the pressure on the Central...
NCBA invests Kes 2 billion in its Tanzania subsidiary
NCBA Bank Tanzania is now shifting its focus to serving large corporations while closing excess branches in specific locations.
Kenya Airways Obtains new Kes 11 Billion in Short-Term Loans.
Kenya Airways' negative equity increased to Kes 98.3 billion at the end of June, up from Kes 83.3 billion in...
Oil Prices Rise on Potential OPEC+ Supply Cuts; BP Shuts US Refinery Units
SINGAPORE: Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major...
South Africa’s Inflation Rate Rise for Third Consecutive Month to 7.8%.
The headline consumer-price index increased 7.8% year on year, compared to 7.4% in June, according to a statement posted on...
Kenya Airways Narrow its Loss to Kes 9.88 Billion for 1H2022
Kenya airways reported a Kes 9.88 billion half-year loss, which was less than the Sh11.48 billion loss reported in the...
Oil Prices Fall as Fear of Impending OPEC+ Output Cut Fade
U.S. oil prices shot above $10 for the first time in about 14 years due to a surge in prices...
Kenya to supply Uganda with power after floods shut the key plant.
Uganda will make an emergency purchase of power from neighboring Kenya to stabilize supply after floods forced the shutdown of...
Loan rates rise to 16% after interest controls were lifted.
In the second quarter of the year, more than half of commercial banks raised their lending rates to individuals and...
Flutterwave Hits Back at CBK as Company Says it Been Waiting for License Since 2019
The Assets Recovery Authority is conducting a complex money-laundering investigation into Flutterwave. Until now, it was unclear whether the company...
