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Business

IMF: Somalia set for full debt relief

Full debt relief will reduce Somalia’s debt to $557 million, about 10 percent of its GDP.

Traders sell their wares along a street in Somalia

ILO says 29pc of critical workers underpaid

Workers in Ethiopia

From 90 countries sampled, Kenya leads the rank of underpaid workers at 50 percent.

Uganda’s Bank of Baroda gets nod to raise capital

Uganda's Bank of Baroda

The move came three months after Uganda’s Finance Minister increased minimum capital for banks from $6.67 million to over $40 million.

Kenya tea exports spike on weak shilling

Kenya tea farmers

Kenya's tea scarcity due to drought boosted prices, a positive change given years of depressed foreign earnings.

KCB's 2022 post-tax profit jumps to 19.5pc

KCB branch

KCB Group CEO is confident that the bank's entry into DRC would not weigh down its profits going forward, as it was in Uganda, Tanzania and Burundi.

Uganda’s President Yoweri Museveni

Uganda turns to N. Africa for milk market

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    Comment OBBO: Kenya has lost its milk war with Uganda, only it doesn’t know it yet
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    Comment BUWEMBO: For every successful woman there is a suffering little girl
  • tee
    Comment NGUGI: The absurdity of Medieval mania in 21st century Kenya
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    Comment ULIMWENGU: Samia-Opposition détente is a jaw-jaw far better than war-war
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