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The Kenyan shilling (KES) has experienced notable depreciation against the US dollar, currently trading at approximately KES 129.55 to 1 USD as of November 25, 2024. 

State of the Kenyan shilling

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

Artisanal and small-scale mining (ASM) supports over 200 million people globally but remains largely informal, with only 15 per cent formalized. 

How formalization can boost artisanal and small-scale mining potential

CNBC Africa is joined by Frida Owinga, Regional Director for WEConnect International in Africa for more insights.

Women transforming Africa's manufacturing landscape

The 2024 Access to Medicine Index Report is out and reveals that only 43 per cent of new health innovations reach Africa.

Access to medicine report 2024: 43% of new health innovations reach Africa

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%

Stanbic Bank Kenya has reported an impressive 53 per cent increase in net interest income for Q3 2024, rising to Ksh28.98 billion, driven by robust lending and investment performance. 

RWANDA