South African Airways and Kenya Airways seal new Codeshare agreement
Kenya Airways (KQ), Kenya’s national carrier, and South African Airways (SAA) have signed a codeshare agreement that opens more destinations...
All set for the 22nd Ordinary EAC Heads of State summit in Arusha
Preparations are in high gear for the EAC Heads of State Retreat on the EAC Common Market and the 22nd...
Fitch affirms Triple A-rating of the African Development Bank
Global credit rating agency Fitch Ratings affirmed the African Development Bank’s long-term credit rating: AAA with a Stable Outlook. This...
IMF approves US$1.05 billion Credit Facility for Tanzania, plans to release $151.7 million immediately
The International Monetary Fund (IMF) Board has approved a SDR 795.58 million (about 1.05 billion) under the Extended Credit Facility...
Dar bourse bounces back, posts 1.06bn/- equity turnover on CRDB trade
The Dar es Salaam Stock Exchange (DSE) equity market bounced back on a positive note posting a bullish performance of...
All set for CRDB Bank’s DRC subsidiary launch
CRDB Bank Plc has finalized plans to launch operations in the Democratic Republic of Congo (DRC), with a $30 million...
Barrick Gold output rises 5%, Tanzanian assets post solid performance
Canada-headquartered Barrick Gold on Thursday announced higher preliminary second-quarter gold production, with output of more than one-million ounces for the...
Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns
The International Monetary Fund has warned of “economic collapse” in many African economies as the impact of the Russian-Ukraine war...
The U.S. dollar and the euro are equal for the first time in two decades
For the first time in two decades, the U.S. dollar is equal to the euro in value as Europe grapples...
OPEC sees slower 2023 oil demand growth, no big shale gain
OPEC expects global oil demand to rise in 2023 but at a slower pace than 2022, the producer group said...