Kenya's budget deficit is projected to narrow to 5.7% of GDP in 2027/28 as domestic financing rises and external borrowing declines, the Finance Ministry says.
East Africa
Fitch Ratings affirmed Uganda's long-term foreign-currency issuer default rating at 'B' with a stable outlook amid fiscal and external financing pressures.
Kenya's East African Breweries posted a 43% rise in full-year pretax profit to 27.66 billion shillings as net sales climbed 13% across its markets.
Kenya’s private sector returned to growth in July as the Stanbic PMI rose to 51.3, despite persistent inflation and logistics pressures on businesses.
Tanzania is weighing the possibility of issuing its first Eurobond as part of efforts to meet an estimated $1 billion in external borrowing requirements, Finance…
Ethiopia Moves Closer to Resolving Debt Crisis with Preliminary US$1 Billion Bond Restructuring Deal
Ethiopia has reached a preliminary agreement with international bondholders to restructure its defaulted US$1 billion...
Kenya continues to attract leading African banking groups seeking regional expansion, but the country’s well-established...