Business / Finance
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Mauritania’s Sidi Oulad Tah Elected as Africa’s New ‘Super Banker’ Succeeding Nigeria’s Akinwumi Adesina
Mauritania’s former economy minister Sidi Ould Tah was on Thursday elected to succeed Nigeria’s Akinwumi Adesina as president of the African Development Bank (AfDB) and tackle the withdrawal of US financing from the institution.
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Telegram to Get $300 MN in Partnership with Musk’s xAI
The terms of the deal may appear unbalanced, but the transaction allows xAI, which in late March acquired Musk’s X platform, to have access to Telegram’s customers, which Durov estimated has more than one billion…
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Excitement Flares as affordable housing Project beneficiaries get keys
At the heart of Mukuru kwa Njenga, 52-year-old Obed Matongo walks majestically while displaying a smiley facial expression as he heads toward newly completed houses under the government’s Affordable Housing Programme(AHP). From makeshift shacks to…
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Knight Frank: Self-Made Wealth Reshapes Kenya’s HNWI Investment Landscape in 2025
Self-made wealth is increasingly driving investment decisions among Kenya’s High Net-Worth Individuals (HNWIs) in 2025. This is according to the global property consultant Knight Frank’s Wealth Report: Kenya Edition – Attitudes Survey 2025. The Knight…
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UK Unemployment Hits Highest Since 2021
Analysts said the data would likely see the Bank of England cut its key interest rate a further two times this year, having reduced borrowing costs twice already in 2025.
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Nissan Posts $4.5 Billion Annual Net Loss, Says to Cut 20,000 Jobs
Nissan reported a net loss of 671 billion yen for 2024-25 but did not issue a net profit forecast for the financial year that began in April. It did say, however, that it expects sales…
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Emirates Airline Group Announces Record $6.2 bn Gross Profit
The 18 percent rise in profit, based on strong customer demand, slimmed to $5.6 billion after the UAE’s recently introduced corporate tax, which was applied for a full financial year for the first time.
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Trump Signs Executive Order to Cut NPR, PBS Public Funding
US President Donald Trump signed an executive order on Thursday seeking to cut public funding for NPR and PBS, accusing the news outlets of being biased.
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Meta Releases Standalone AI App, Competing With ChatGPT
The new application also replaces Meta View as the companion app for Ray-Ban Meta smart glasses, allowing conversations to flow between glasses, mobile app and desktop interfaces, the company said.
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Government of Kenya suspends all forms of gambling advertisement for 30 days
The government of Kenya has suspended all gambling advertisements and testimonials across all media platforms for 30 days. On Tuesday, the Betting Control and Licensing Board (BCLB), which controls and licenses betting, gaming, and public…
