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East Africa s economic recovery prospects facing headwinds

Public debt, inflationary pressures, reduced revenues, weakening currencies have slowed down economic recovery.

Kenya association of manufacturersCentral bank monetary policy committeeNorthern corridorGreat lakes regionKenya bankers associationFinancial marketsMonetary policy committeeJames anyanzwaHe eastafricanEconomic recoveryEast africa

Travel, tourism to steer growth in coming decade

Africa’s travel and tourism GDP could approach pre-pandemic levels by next year just nine percent below 2019 levels.

Julia simpsonWorld travel tourism councilNational parkWorld travelTourism councilJames anyanzwaHe eastafricanTourism africaAfrica covid

KCB posts 54pc rise in profit for first quarter

The Group’s unaudited financial statements show a 26 percent surge in total revenues.

South sudanUnited kingdomAndrew kairuAtlas mara ltdGroup plcEast africanChairman andrew kairuBanque populaireDemocratic republicJames anyanzwaHe eastafricanKcb profitKcb group

Africa records strong recovery in remittances despite high cost

Remittances to sub-Saharan Africa grew 14 percent to $49 billion in 2021, the strongest gain since 2018.

South sudanCabo delgadoSahara africaWorld bank migrationSaharan africaDevelopment briefUkraine crisisGlobal governanceRemittance flowsDemocratic republicJames anyanzwaHe eastafrican

StanChart earnings up on negative loan provisions

Total operating income for the three months to March 31 increased by 4.7 percent.

United kingdomNairobi areaKariuki ngariStandard chartered bank kenyaAtlas mara ltdBarclays africa groupBarclays plcStanchart plcNairobi securities exchangeChartered bank kenyaLondon listed stanchart plcSaharan africanJames anyanzwaHe eastafricanStandered chartered

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