Kenya
Africa’s massive unbanked population creates huge opportunities for incumbent banks and fintech start-ups
Africa has the most profitable banking sector in the world and its massive unbanked population is creating enormous opportunities for incumbent banks and fintech companies alike.
Saudi Arabia hosts kingdom's first Africa summit, to boost ties, promote stability
Saudi Arabia is hosting its first ever Africa Summit, underscoring Crown Prince Mohammed bin Salman's (MbS) growing focus on African affairs.
IMF: China’s slowdown will hit sub-Saharan growth
China has forged deep economic ties with countries in sub-Saharan Africa over the past 20 years, making it the region's largest single country trading partner so China's economic slowdown will hurt Africa.
Moody’s 'default' risk comment on Kenya’s Eurobond buyback plan continues to ripple, draws AU ire
Moody’s, which rates Kenyan debt ‘B3’, cut its outlook to negative, as Nairobi will face 'substantial' debt-service costs even after redeeming notes. S&P, which also has a negative outlook on the credit, will release an update on Aug 25.
Putin at 2023 Africa-Russia summit: Wiping debts, donating grain and boosting co-operation
Russia and Africa can work together to protect national sovereignty and put an end to colonialism, Russian President Vladimir Putin told African delegates at the 2023 Africa-Russia summit in St. Petersburg.