Eastern Africa

Eastern Africa

Deloitte fined in Kenya for negligence that led to bond investors losing $40.3 million in collapsed bank

A fine of $83,960 (Sh10 million) has been imposed on Deloitte by the Capital Markets Authority of Kenya (CMA). Ikeanumba Africa understands that this is...
Akudo Abengowe -
Eastern Africa

A LOOK AT AGRICULTURAL DISRUPTIONS ACROSS AFRICA

Agriculture is an important tool on the African continent, not only because Africans need to feed but because it helps in economic development, job...
Micheal Janegah -
Eastern Africa

USAID provides $488 million in food aid for Ethiopia, $476 million development assistance for Somalia and $12 million for Senegal

The United States Agency for International Development (USAID) has announced further assistance to more African countries, including $488 million for Ethiopia, $476 million for...
Akudo Abengowe -
Eastern Africa

Airtel Africa buys Kenyan network spectrum after losing Nigeria’s 5G to MTN

Airtel Africa has purchased additional spectrum in Kenya to extend its operation in the country, eight months after the company lost the 5G bid...
Akudo Abengowe -
Billionaires

Unstoppable: Rai family becomes Kenya’s leading sugar manufacturer with the launch of their fourth milling plant

The $44-million Naitiri Sugar Company, which started milling in May, would produce at least 6,000 tonnes of sugar per day.The establishment of the plant...
Akudo Abengowe -
Eastern Africa

IMF approves $235.6 million budget-support loan for Kenya

The Executive Board of the International Monetary Fund (IMF) has approved a $235.6 million loan disbursement to Kenya. Ikeanumba Africa understands that the loan is...
Akudo Abengowe -
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