Kenya

Serbia prepares for new push into African markets

Clare Nuttall in Glasgow February 8, 2024

Serbian Chamber of Commerce head says Africa is a market of the future thanks to demographics, rising purchasing power and natural resources.

Africa’s massive unbanked population creates huge opportunities for incumbent banks and fintech start-ups

Jason Mitchell November 16, 2023

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

bne IntelliNews November 13, 2023

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

Hany Abdel-Latif of IMF, Michele Fornino of IMF November 10, 2023

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

bne IntelliNews August 15, 2023

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.

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