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Kenyan supermarket chain Nakumatt sells 25 percent stake to a fund for $75 million

18 January, 2017 Kenya
Privately-owned Nakumatt, Kenya's biggest supermarket chain by sales, has agreed to sell a 25 percent stake to a…

Kenya December Inflation Rate Falls to 6.35%

29 December, 2016 Kenya
Kenya’s inflation rate fell to 6.35 percent year-on-year in December from 6.68 percent recorded in November, the…

Rwanda central bank cuts rates in bid to spur lending

29 December, 2016 Rwanda
Rwanda’s central bank this Wednesday unexpectedly cut its benchmark interest rate to 6.25 percent, moving to try to…

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