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Standard Chartered Bank Kenya Ltd.'s first-half profit declined by a fifth after income from foreign-exchange trading plunged and from loans dipped....
Sun King, the world's largest off-grid solar company, has secured $156 million in financing backed by Citigroup Inc. and British International Investment to boost access to affordable solar power across Kenya....
Absa Group Ltd., South Africa's third-biggest lender, is seeing surging interest among real estate investors in East Africa and plans to bolster its balance sheet to meet demand for financing....
A majority of private equity investors see South Africa and Kenya as their top investment destinations over the next three years even as US President Donald Trump's tariff chaos muddies fund-raising outlook for the continent in 2025, according to the African Private Capital Association....
Kenyan lenders boosted investments in government securities and slowed down lending to the private sector, even as returns from domestic debt kept dropping....
Kenya's failure to meet key targets in its final review under an International Monetary Fund program that led it to forfeit a disbursement of about $850 million may lead to delays in it obtaining other external financing, S&P Global Ratings said....
Standard Chartered Bank Kenya Ltd. will focus on growing its wealth, markets and transaction businesses in the second half of the year, Chief Executive Officer Kariuki Ngari said in an interview....
Two private equity firms have hired Nedbank Group Ltd. to sell their stakes in East Africa's biggest candy maker, valued at more than $100 million, according to people familiar with the matter....