Investments

APRIL 13 – More than three million children around the world are thought to have died in 2022 as a result of infections that are resistant to antibiotics, according to a study by two leading experts in child health. Children in Africa and South East Asia were found to be most at risk. Antimicrobial resistance…

NAIROBI, Kenya, April 12 – The newly formed Africa AI Council is positioning the continent to tap into the transformative potential of artificial intelligence (AI), with projections estimating a $2.9 trillion contribution to Africa’s economy by 2030. During the launch of the Africa AI Declaration, leaders emphasized the importance of aligning AI deployment with Africa’s…

  NAIROBI, Kenya, April 11 – The Capital Markets Tribunal has directed Amana Capital Limited to pay a total of Sh21.4 million to Susan Mukuhi Kagiri, a disgruntled investor whose funds were frozen following the collapse of Nakumatt Holdings. In a unanimous judgment, the Tribunal dismissed Amana’s appeal and upheld a decision by the Capital…

APRIL 10 – A Russian-American citizen has been released in a prisoner swap between Moscow and Washington. Amateur ballerina Ksenia Karelina, a Los Angeles resident, had been in prison in Russia for over a year, after being arrested in the city of Yekaterinburg in early 2024. She was found guilty of treason for donating money…

NAIROBI, Kenya, Apr 9, 2025 – Ride-hailing platform Bolt Kenya has reported a 46 percent decrease in offline (off-app) trips over the past six months, following the rollout of enhanced safety measures targeting non-compliant ride practices. The company attributes the sharp decline to a stricter enforcement regime, which includes proactive identification of off-app transactions, real-time…

NAIROBI, Kenya, Apr 8 – The Central Bank of Kenya (CBK) has lowered its benchmark lending rate by 75 basis points to 10.00 percent, citing easing inflation, a stable exchange rate, and the need to stimulate private sector lending amid subdued credit growth. The decision was reached during the Monetary Policy Committee (MPC) meeting held…

APRIL 7 – The government has announced a relaxation of electric vehicle (EV) sales targets to help the car industry in the face of trade tariffs from the US. A ban selling new petrol and diesel cars will still come into effect in 2030, but manufacturers will now have more flexibility on annual targets and…

NAIROBI, Kenya April 6 –  Listed non-banking financial services company Sanlam Kenya Plc (NSE: SLAM) has announced that the Company’s Rights Issue, seeking to raise up to Ksh 2.5 billion, will open in a fortnight following regulatory approvals. The Company has secured all the regulatory and related approvals from the Capital Markets Authority of Kenya (CMA), the…

APRIL 5 – Thursday was a “terrible” and “devastating” day for people involved in Lesotho’s textile sector as they digested the news that the country’s exports to the US would be hit by a 50% import tax, or tariff. Teboho Kobeli, who founded Afri-Expo Textiles and employs 2,000 people in the country, could barely disguise…