Moody’s Upgrades Kenya’s Credit Rating to B3 as Debt Risk Falls
Moody’s has upgraded Kenya’s sovereign credit rating to B3 from Caa1, a move that reflects a reduction in the country’s near‑term risk of defaulting on its debts but does not mean Kenya’s financial challenges are fully resolved.
CBN Approves Two-Month Grace for Expired NAFDAC Licences
The Central Bank of Nigeria (CBN) has allowed banks to process imports using NAFDAC licences that expired on December 31, 2025, for a temporary period of two months.
Amazon to Close Fresh and Go Stores, Focus Shifts to Whole Foods
Amazon announced on Tuesday that it will close its Amazon Fresh grocery stores and cashierless Go convenience stores, marking a major shift away from its experiment in physical retail.