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Cedi hits 7-year low, as value erodes by 17% mid-March

The cedi has fallen into an unprecedented depreciation against its major trading counterparts, particularly the…

Absa Group 2021 earnings increase on lower impairments, higher pre-prevision profit

Absa Group headline earnings more than doubled to R18.6 billion in 2021 (R8 billion in…

Absa Kenya profit jumps 161% to Sh10.9 billion

Absa Bank Kenya has announced a 161% rise in net profit to Sh10.9 billion for…

Kenya: International Finance Corporation (IFC) to buy Sh4.2bn of mortgage firm’s bonds

The International Finance Corporation will buy $36.97 million (Sh4.2 billion) worth of bonds issued by…