Kenya’s top lender by assets, KCB Group, announced on Thursday it has entered a binding agreement to purchase a controlling stake in Rwanda’s Banque Populaire du Rwanda and take full ownership of ABC Tanzania at a combined value of $40 million. The purchase agreements follow a recent trend of Kenyan commercial banks expanding beyond their…
Malawi is ready to begin commercial production and processing of cannabis for medicinal and industrial use, the southern African country’s new Cannabis Regulatory Authority announced on Tuesday. Malawi joins a growing number of countries around the world — including Southern African states Zambia, Lesotho and Zimbabwe – that are either legalizing or relaxing laws on…
Burkina Faso President Roch Kabore will serve another term in office after winning Sunday’s poll by a large margin, preliminary results indicate. The election, marred by heightened insecurity that prevented swathes of the West African country from voting was projected to be tight, but results that have trickled in show otherwise. Kabore was first elected…