Kenya Airways plans to reveal potential new investors as widening losses, rising fuel costs and aircraft shortages intensify pressure on its turnaround.
East Africa
Uganda’s export earnings rose 11.3% to $1.28 billion in June as surging gold shipments offset a sharp decline in coffee export revenue for the month.
Absa Group has raised its stake in Absa Bank Kenya to about 72% after a tender offer, strengthening its position in one of East Africa’s…
Kenya Airways says Middle East conflict lifted first-half fuel costs by 72%, worsening aircraft shortages, maintenance delays and pressure on profitability.
Kenya plans an $815 million Eurobond in the second quarter of 2026/27 and a $500 million Samurai bond later as it diversifies government financing sources.
Child malnutrition is rising sharply in central Somalia as drought, conflict, displacement and falling aid funding push communities closer to famine.
Stanbic Kenya expects stronger second-half earnings as lower interest rates revive loan demand from retail customers, SMEs and key productive sectors.
Kenya's budget deficit is projected to narrow to 5.7% of GDP in 2027/28 as domestic financing rises and external borrowing declines, the Finance Ministry says.
Fitch Ratings affirmed Uganda's long-term foreign-currency issuer default rating at 'B' with a stable outlook amid fiscal and external financing pressures.
Kenya's East African Breweries posted a 43% rise in full-year pretax profit to 27.66 billion shillings as net sales climbed 13% across its markets.