cbea

Rwanda’s capital markets have kicked off the week with a strong start as equities rallied as the year end draws near. 

Rwanda market update

The Basketball Africa League (BAL) announced that the league’s milestone fifth season will tip off beginning April 5, 2025, at the Prince Moulay Abdellah Sports Complex in Rabat, Morocco. 

Basketball Africa League announces fifth season with first games in Morocco

Rwanda’s efforts towards increasing fintech use and financial access is paying off as the country surpassed it’s targets now achieving over 80 per cent penetration. 

Rwanda on course towards financial inclusion

Kenya’s President William Ruto has cancelled two multi-billion-shilling projects that had been awarded to Indian company Adani after bribery allegations were levelled against the firm. 

Kenyan president cancels Adani mega deals over bribery allegations

A new climate finance goal is expected out of the ongoing COP29 summit in Baku. Developing countries need trillions of dollars for adaptation, mitigation and addressing the climate crisis. 

Loss & damage fund key to Africa’s just green transition

Kenya’s leading bank by asset size KCB Group has registered a 49 per cent growth in earnings registering Ksh45.8 billion in it’s profit after tax for 2024 quarter three. 

KCB Group reports 49% jump in half-year earnings

With a portfolio worth over $17 billion and counting, the International Finance Corporation (IFC) is looking to widen investments across various regional economies in Africa. 

Pimenta: Africa financial investment outlook promising

Rwanda’s Central Bank has maintained it’s repo rate for the second time in the last two sittings of the policy committee. The bank cited sound macro-economic fundamentals of the economy prompting the decision to keep the rate unchanged. 

Rwanda’s Central Bank maintains MPR at 6.5%

Kenya’s leading bank by asset size KCB Group has registered a 49 per cent growth in earnings registering Ksh45.8 billion in it’s profit after tax for 2024 quarter three.

KCB Group half-year earnings up 49% 

Kenya’s President William Ruto has affirmed that the country civil servants will chart a new path to deepen economic diplomacy in the wake of global realignments. 

Kenyan president talks big on foreign policy shift

East African markets are witnessing a spike in investor interest on the government bonds and treasury bills with Kenya and Uganda leading in new issuances. 

East Africa market watch

Global leaders observe good prospects of a soft landing of the global economy although multiple challenges remain and some downside risks have increased amid elevated uncertainty. 

CBEA