Taptap Send restored money transfer operations to Ghana after resolving regulatory matters with the Bank of Ghana ahead of schedule. The company lifted its temporary suspension earlier than the anticipated month-long pause following productive conversations with officials. Customers in the United Kingdom, Europe, Canada, the United States, and the United Arab Emirates can resume sending…
Ghana raised 4.76 billion cedis from treasury bills after missing its 6.82 billion cedi target by 30 percent, according to Bank of Ghana data. Authorities accepted all submitted bids as pressure builds to cover immediate expenses ahead of the November budget presentation. The 91-day bill attracted 4.87 billion cedis, while 182-day and 364-day instruments collected…
Ghana plans to borrow 75.7 billion cedis from domestic markets between October and December to cover expenses and repay maturing obligations. The Bank of Ghana will issue treasury bills and reopen bonds under the debt exchange program to collect funds as fiscal pressures mount. Officials will use 67.5 billion cedis to roll over existing debt,…
Kenyans abroad will access medical coverage for relatives at home through a partnership unveiled on Monday in Nairobi. Kenya Diaspora Alliance joined with Bupa Global Kenya, Kenbright and Jubilee Health Insurance to create the program that eliminates emergency health payments sent across borders. Jubilee handles domestic treatment while Bupa manages overseas care. Kenbright coordinates benefits…
Young people comprise nearly 80 percent of East Africa’s hospitality workforce and drive innovation through digital tools and social media platforms. The fourth Uganda-Kenya Coast Tourism Conference emphasized youth leadership in transforming the regional industry through technology adoption and entrepreneurial ventures. Retaining talent remains difficult as workers often leave after two years. Industry leaders must…
The World Bank and Kenya launched a $100 million, five-year program in 2022 to help small businesses recover from pandemic disruptions. The Supporting Access to Finance and Enterprise Recovery Project has distributed 1.96 billion shillings to more than 37,000 micro, small and medium enterprises by July 2025. Survey results show 56 percent of participating businesses…
Kenya Electricity Generating Company closed the week as the top performer at the Nairobi Securities Exchange despite trading restrictions imposed on Thursday. The power generator’s stock climbed nearly 9 percent to reach 9.98 shillings by week’s end. The company moved 6.13 million shares worth 65.8 billion shillings, ranking second behind Safaricom in trading activity. The…
Pearl Bank’s Wendi digital wallet will process fuel payments at TotalEnergies stations across Uganda following the companies’ agreement. Customers can spend between 500 shillings and 5 million shillings per transaction, while merchant accounts hold unlimited balances. Individual wallet limits reach 20 million shillings. Station enrollment continues through the end of November 2025. Wendi account holders…
Chatbots pose growing liability risks as insurers and attorneys warn that real-time data collection, combined with unclear vendor agreements, could trigger privacy lawsuits and regulatory action. Jennifer Wilson from Newfront said that wrongful data collection ranks as the second most common cyberlitigation claim after ransomware attacks. Companies face legal exposure under California, Illinois, and European…
Equine insurers will not increase coverage limits for foals produced through embryo transfer or sperm injection despite rising veterinary costs. DUAL North America caps foal values at two to three times stud fees regardless of advanced breeding methods. Executive Vice President Jason Collier said genetic manipulation introduces unforeseen mutation risks that fall under existing policy…
