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Kenya
Kenya Airways seeks payment plan for debt to Treasury

Kenya's national airline hopes to obtain a ten to fifteen year extension from the Treasury to repay the 19.4 billion shillings ($150.4m) the Treasury advanced.

Subscribers only Business 30.04.2025

Ethiopia
Central bank sounds out foreign investors before opening up sector

The National Bank of Ethiopia has sent out a first draft of its directive on the criteria for access to the Ethiopian banking market. But this long-awaited reform is now being met with some reservations.

Subscribers only Finance 04.04.2025

Kenya
Kenya Airways' financial difficulties hinder its privatisation

Kenya Airways is unable to pay its partners on time, prompting its guarantors to intervene. They are now turning to the Treasury, the airline's majority shareholder.

Subscribers only Finance, Business 25.03.2025

Kenya Airways' headquarters in Nairobi, 6 February 2024.

Kenya
Ruto-linked bank lands key role in new social security scheme

Kenya's brand new health cover scheme is already courting controversy. The shareholders of one of the banks chosen to collect employer contributions also manage an insurance company in which President William Ruto has a stake.

Subscribers only Business 16.12.2024

Kenya
With deputy president's job on the line, Central Kenyan allies swing into action

Under fire from the president's ruling coalition, Rigathi Gachagua is relying on leaders of his Kikuyu community to stay in office. It is a strategy that is dividing his native Mount Kenya region.

Subscribers only Politics 01.10.2024

Rigathi Gachagua in Nairobi, 15 May 2023.

Kenya
Former Ruto ally's macadamia nut business put up for auction

Once a thriving business, Jungle Nuts, owned by businessman and political figure Patrick Wainaina, is about to be auctioned off. Potential buyers have been invited to submit their bids by 20 September.

Subscribers only Business 18.09.2024

Uganda
Boosted by Airtel, Kingdom of Buganda plans to influence 2026 elections

The Buganda kingdom in central Uganda has acquired considerable financial firepower, thanks in particular to its partnership with the country's second-largest telecom operator. This should boost its influence in the run-up to the next general elections in 2026.

Subscribers only Politics, Business 01.04.2024

The King of Buganda, Ronald Muwenda Mutebi II, in Kampala, 31 July 2023.

Kenya
Rising interest rates prompt East African Breweries to make early loan repayments

The Kenyan brewery is keen to maintain financial headroom amid challenging financial times. The second half of 2023 saw the firm's profits fall by more than 20%.

Subscribers only Finance 22.02.2024

In Focus | DRC, Kenya
Ruto's great expectations frustrated by Kinshasa

Since Félix Tshisekedi came to power in 2019 in the DRC, the Kenyan political class and private sector have been trying to make inroads there. These efforts have been slow to bear fruit, as relations between the two countries remain strained.

Subscribers only Business, Diplomacy 27.11.2023

Kenyan president William Ruto, Equity Bank CEO James Mwangi and Congolese Head of State Félix Tshisekedi.

Uganda
Museveni sets sights on Bobi Wine's strongholds

Ahead of elections in 2026, the Ugandan president is making strategic moves in Buganda kingdom, where he is distancing himself from his old allies as he finds new ones.

Subscribers only Politics, Business 01.09.2023

Uganda's president Yoweri Museveni at his farm in Kisozi settlement of Gomba district, in the Central Region of Uganda, on 16 January 2022.

Kenya
Critically short-staffed KRA seeks urgent treasury lifeline

The Kenya Revenue Authority has been haemorrhaging employees and struggling to recruit new staff at a time when the government is raising taxes across the board.

Subscribers only Finance 09.06.2023

Kenya
Forex shortage prompts banks to restrict withdrawals

Kenya is still struggling with a shortage of foreign currency, with the shilling having fallen to a new low of 138 to the dollar.

Subscribers only Finance 01.06.2023

Kenya
Kenya Commercial Bank targets US diaspora

Kenya Commercial Bank (KCB), the country's second largest lender with assets estimated at $9bn, has hired a lobbyist in the United States.

Subscribers only Finance 11.05.2023

Spotlight | DRC
Kinshasa calls on armed Chinese drones and Foreign Legion vet to take on M23 rebels

The Congolese army is struggling to contain the M23 rebel group. In seeking to reverse the balance of power, Kinshasa has bought military drones from China and hired private Romanian soldiers operating under the command of a French Foreign Legion veteran.

Subscribers only Defence 21.02.2023

CASC Rainbow CH-4, an unmanned aerial vehicle in Zhuhai, China, 8 November 2022.

Kenya
Mount Kenya Foundation business club members divided over support for Odinga

Some business leaders who financed the unsuccessful election campaign of opposition leader Raila Odinga are ready to provide fresh funds to pay for the protest meetings he is staging against the government. Yet some fear the government could retaliate.

Subscribers only Politics 21.02.2023

Kenya
At home and abroad, Ruto rolls up his sleeves to fund his pet loan scheme

Having made the Hustler Fund a pillar of his election manifesto, the president has made a personal mission of drumming up contributions. One bank alone has already smashed funding goals.

Subscribers only Politics 29.11.2022

Kenya
Kenyatta financiers flock to Ruto administration

Financiers working for former president Uhuru Kenyatta and his pick of presidential candidate Raila Odinga have since turned to William Ruto in the hopes of protecting their business empires and are willing to pour cash into the new head of state's key projects.

Subscribers only Politics 21.11.2022

Kenya
The Ruto allies who might take reins of central bank

Should, as our sources intimate, the governorship of the Central Bank of Kenya (CBK) fall vacant ahead of schedule, it could well go to an economist close to William Ruto. Such an appointment would help the president seal his political alliances.

Subscribers only Finance, Politics 15.11.2022

Kenya, Rwanda
Finance central to Ruto-Kagame rapprochement

A delegation of Kenyan financiers and government officials paid a discreet visit to the Rwandan capital earlier this month with a view to drawing inspiration from the two-year-old Kigali International Financial Centre. The idea is to revive Nairobi's financial attractiveness on the regional scene.

Subscribers only Finance, Diplomacy 14.11.2022

Kenyan President William Ruto (left) and his Rwandan counterpart Paul Kagame.

Kenya
Central bank takes aim at Ruto's financial reforms

Worried about the reputation of Kenya's financial sector, bank governor Patrick Njoroge is against plans to raise the minimum value of private banks' reportable transactions.

Subscribers only Finance 05.10.2022

President William Ruto speaks during the official opening of the 13th Parliament, in Nairobi, on 29 September 2022.

Namibia
Namibia oil utopia hangs on TotalEnergies' final investment decision

Nigeria
The latest secrets of a $10bn legal scandal between Abuja and London

Equity Bank

Kenya
Kenya Airways seeks payment plan for debt to Treasury

Ethiopia
Central bank sounds out foreign investors before opening up sector

Kenya
Kenya Airways' financial difficulties hinder its privatisation

Kenya
Ruto-linked bank lands key role in new social security scheme

Kenya
With deputy president's job on the line, Central Kenyan allies swing into action

Kenya
Former Ruto ally's macadamia nut business put up for auction

Uganda
Boosted by Airtel, Kingdom of Buganda plans to influence 2026 elections

Kenya
Rising interest rates prompt East African Breweries to make early loan repayments

In Focus | DRC, Kenya
Ruto's great expectations frustrated by Kinshasa

Uganda
Museveni sets sights on Bobi Wine's strongholds

Kenya
Critically short-staffed KRA seeks urgent treasury lifeline

Kenya
Forex shortage prompts banks to restrict withdrawals

Kenya
Kenya Commercial Bank targets US diaspora

Spotlight | DRC
Kinshasa calls on armed Chinese drones and Foreign Legion vet to take on M23 rebels

Kenya
Mount Kenya Foundation business club members divided over support for Odinga

Kenya
At home and abroad, Ruto rolls up his sleeves to fund his pet loan scheme

Kenya
Kenyatta financiers flock to Ruto administration

Kenya
The Ruto allies who might take reins of central bank

Kenya, Rwanda
Finance central to Ruto-Kagame rapprochement

Kenya
Central bank takes aim at Ruto's financial reforms

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About Africa Intelligence

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Indigo Publications' websites

Namibia Namibia oil utopia hangs on TotalEnergies' final investment decision

Nigeria The latest secrets of a $10bn legal scandal between Abuja and London

Cabo Delgado: a gas Eldorado and security nightmare

West African cocoa cartel battles with the traders

Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage

Equity Bank

Kenya Kenya Airways seeks payment plan for debt to Treasury

Ethiopia Central bank sounds out foreign investors before opening up sector

Kenya Kenya Airways' financial difficulties hinder its privatisation

Kenya Ruto-linked bank lands key role in new social security scheme

Kenya With deputy president's job on the line, Central Kenyan allies swing into action

Kenya Former Ruto ally's macadamia nut business put up for auction

Uganda Boosted by Airtel, Kingdom of Buganda plans to influence 2026 elections

Kenya Rising interest rates prompt East African Breweries to make early loan repayments

In Focus | DRC, Kenya Ruto's great expectations frustrated by Kinshasa

Uganda Museveni sets sights on Bobi Wine's strongholds

Kenya Critically short-staffed KRA seeks urgent treasury lifeline

Kenya Forex shortage prompts banks to restrict withdrawals

Kenya Kenya Commercial Bank targets US diaspora

Spotlight | DRC Kinshasa calls on armed Chinese drones and Foreign Legion vet to take on M23 rebels

Kenya Mount Kenya Foundation business club members divided over support for Odinga

Kenya At home and abroad, Ruto rolls up his sleeves to fund his pet loan scheme

Kenya Kenyatta financiers flock to Ruto administration

Kenya The Ruto allies who might take reins of central bank

Kenya, Rwanda Finance central to Ruto-Kagame rapprochement

Kenya Central bank takes aim at Ruto's financial reforms

Refine your search

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Namibia
Namibia oil utopia hangs on TotalEnergies' final investment decision

Nigeria
The latest secrets of a $10bn legal scandal between Abuja and London

Kenya
Kenya Airways seeks payment plan for debt to Treasury

Ethiopia
Central bank sounds out foreign investors before opening up sector

Kenya
Kenya Airways' financial difficulties hinder its privatisation

Kenya
Ruto-linked bank lands key role in new social security scheme

Kenya
With deputy president's job on the line, Central Kenyan allies swing into action

Kenya
Former Ruto ally's macadamia nut business put up for auction

Uganda
Boosted by Airtel, Kingdom of Buganda plans to influence 2026 elections

Kenya
Rising interest rates prompt East African Breweries to make early loan repayments

In Focus | DRC, Kenya
Ruto's great expectations frustrated by Kinshasa

Uganda
Museveni sets sights on Bobi Wine's strongholds

Kenya
Critically short-staffed KRA seeks urgent treasury lifeline

Kenya
Forex shortage prompts banks to restrict withdrawals

Kenya
Kenya Commercial Bank targets US diaspora

Spotlight | DRC
Kinshasa calls on armed Chinese drones and Foreign Legion vet to take on M23 rebels

Kenya
Mount Kenya Foundation business club members divided over support for Odinga

Kenya
At home and abroad, Ruto rolls up his sleeves to fund his pet loan scheme

Kenya
Kenyatta financiers flock to Ruto administration

Kenya
The Ruto allies who might take reins of central bank

Kenya, Rwanda
Finance central to Ruto-Kagame rapprochement

Kenya
Central bank takes aim at Ruto's financial reforms