Treasury Accesses Ksh105Bn from IMF-Supported Dollar Reserves
New disclosures reveal that in 2023, the Treasury accessed Sh105 billion from the dollar reserves received by the Central Bank of Kenya from the IMF in the form of Special…
Month: February 2024
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Kenya Power Approved to Bill Customer in US Dollars
Kenya Power receives government approval to bill select customers in US dollars, euros, and Sterling pounds, marking a significant milestone for the utility company.
Strathmore University Partners with Kodris Africa for Coding Education
Strathmore University and Kodris Africa join forces to advance coding education and research in Kenya, aiming to equip students with essential skills for the digital economy.
Zambian Kwacha Excels as Africa’s Top Performing Currency in 2024
Zambia’s kwacha emerges as Africa’s top currency performer against the US dollar in 2024, strengthening by 13.8 to 22.8%.
Rand Merchant Bank Appoints Bayo Ajayi as Acting CEO
Rand Merchant Bank Nigeria has appointed Bayo Ajayi as Acting CEO, approved by the Central Bank of Nigeria.
DTB Uganda and TerraPay Partner to Reduce Remittance Costs
Diamond Trust Bank (DTB) and TerraPay’s new partnership promises to revolutionize remittance services, potentially slashing costs by over 50% for sending money to Uganda from abroad.
Mastercard and Awash Bank Collaborate to Launch Prepaid Cards in Ethiopia
Awash Bank partners with Mastercard to launch Awash pre-paid cards in Ethiopia, offering customers seamless online payments worldwide.
Partnership Signed to Enhance Africa’s Cybersecurity Proficiency
AFRIPOL and Group-IB have joined forces in a groundbreaking partnership to combat #cybercrime in Africa.