Business

– South Africa’s FirstRand, the second-largest lender in Africa, has joined a growing list of continental banks seeking to buy into Kenya’s banking industry. Half of Africa’s top 20 banks are building a multi-billion-shilling war chest for the market. They

Samsung Electronics led global semiconductor companies in combined investment in 2025, spending nearly 90 trillion won, or US$59.2 billion, on capital expenditure and research and development. The total placed the South Korean chipmaker first among the top 10 semiconductor companies by

Egypt’s economy grew 5.2% in the first nine months of fiscal year 2025/2026, covering July 2025 through March 2026. The Ministry of Planning, Economic Development and International Cooperation reported the rate in its latest update on Egypt GDP growth. The period includes

South Korea’s cosmetics exports reached US$5.6 billion in the first five months of 2026, government data showed, rising from US$4.6 billion a year earlier. The increase put Korean cosmetics at the top of the country’s major consumer goods export categories.

The UAE has been ranked the world’s leading real estate investment destination in a new global investor survey commissioned by Arada and conducted by Penta Group, reflecting continued international demand for property exposure in the country. The UAE Property Investment

The dollar headed for a weekly gain on Friday as the yen hovered near the key 160 per dollar level, keeping currency markets focused on Japan. The Japanese currency traded around 159.9 per dollar in Asian and European dealings. It

Tokyo stocks ended mixed on Monday as the Nikkei Stock Average closed at a fresh record high, supported by gains in heavyweight technology shares, while the broader market weakened. The 225 issue Nikkei rose 604.83 points, or 0.91 percent, to

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