The Bank of Ghana has revealed it is in the advanced stages of introducing a digital currency,  the e-cedi. A Central Bank Digital Currency (CBDC) is the digital form of a country’s fiat currency that...

Devki Group has announced its withdrawal from the race to invest in troubled Mumias Sugar Company, barely two weeks after it expressed interest in the company. According to Devki Group Chairman Dr Narendra Raval, the move was...

At the end of the last weekday of trading on the Nairobi Securities Exchange  A total of 9,853,000 shares in 966 deals, corresponding to a market value of KES 322,257,067.00, were traded. Compared with the...

Shares in Asia-Pacific were mixed on Friday, as the Reserve Bank of India held steady on interest rates. Hong Kong’s Hang Seng index closed 0.17% lower at 28,918.10. In mainland China, the Shanghai composite rose 0.21% on the day...

Oil prices eased on Friday as concerns about the patchy roll-out of COVID-19 vaccinations around the globe tempered optimism over recovering fuel demand. Brent crude was down 13 cents, or 0.2%, at $71.18 a barrel by...