Eastern Africa

Eastern Africa

Central Bank of Kenya has approved liquidation of Imperial Bank following fraud

Kenya's apex bank, the Central Bank of Kenya (CBK), has finally approved the liquidation of Imperial Bank Limited six years after it was placed...
Akudo Abengowe -
Eastern Africa

In Nigeria, Kenya and other key African markets, airfares have risen dramatically ahead of Christmas

If you are in Kenya and plan to fly from Nairobi to Kisumu anytime between now and December 25th, you should budget $133 (Sh15,...
Akudo Abengowe -
Billionaires

Forbes 2021: Okonjo-Iweala, Samia Suluhu, and Mo Abudu are the three most powerful women in Africa

On December 7, Forbes released its 18th annual ranking of The World’s 100 Most Powerful Women from around the world. Hailing from different countries,...
Akudo Abengowe -
Eastern Africa

Uganda’s current account deficit to widen by 10.6% and 11.2% in 2021 and 2022 as imports outpace exports

Investopedia defines current account deficit as an economic situation that occurs when the value of goods and services imported by a country within a...
Akudo Abengowe -
Cryptocurrency

Experts are calling for an African cryptocurrency, integrated capital market to ease business costs

Financial experts attending the ongoing 2021 African Economic Conference have suggested that it's time to create an African cryptocurrency and an integrated capital market....
Akudo Abengowe -
Cryptocurrency

Emulating Nigeria’s launch, Tanzania prepares its own digital currency

In October 2021, Nigeria became the very first country in Africa to launch a digital currency called the eNaira. Barely two months later, Tanzania...
Akudo Abengowe -
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