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Industry and Trade
Tanzania organic cotton gaining global market interest. Growing call for ethical sourcing is boosting demand for Tanzani cotton. Tanzania is looking to increase cotton…
Banks across Africa investing heavily in AI. Private sector required…
While Diageo’s global profit fell 27.2% to $3.16 billion in…
The International Monetary Fund (IMF) has agreed to lend $938 million to Kenya, pending management approval and consideration by the Executive Board. The board is expected to make its decision in January 2024.
Haimanot Teffara, the IMF Mission Chief to Kenya, stated that the move aims to shield the country from liquidity problems and economic difficulties resulting from the adverse impacts of COVID-19, the Ukraine War, and drought.
Kenya Power attributes its loss to the impact of a declining currency and a strengthening…
Better Cotton aims to support 200,000 cotton farmers across Côte d’Ivoire in the first five…
CIC Insurance Group PLC has announced plans to reduce its workforce by 10% through a…
Bamburi Cement PLC has announced plans to sell its Ugandan business to Sarrai Group, pending regulatory approvals. The Board of Directors of the cement maker has approved the sale of its stake in Hima Cement Limited, Uganda, amid declining profits.
Dubai Ports World (DP World), based in the United Arab Emirates, is rapidly expanding its…
