(NAIROBI, KENYA) – Imperial Bank, operating under receivership, has taken control of Salute Holdings Limited, one of East Africa’s largest authorised distributors of Apple products. The move is part of a wider push by the lender to recover billions of shillings owed by borrowers following its collapse in 2015. TheContinue Reading
(KYIV, UKRAINE) – Total deposits held by individuals in Ukrainian banks reached 1,749.2 billion hryvnias as of 1 July 2026, an increase of 131.5 billion hryvnias from the start of the year, as confidence in the banking system held firm through the first half. Data released by the Deposit GuaranteeContinue Reading
(KYIV, UKRAINE) – The European Bank for Reconstruction and Development has committed more than €1.4 billion (around $1.53 billion or £1.2 billion) to projects in Ukraine since the start of this year, covering energy, transport and critical infrastructure recovery with concrete results expected before the end of 2026. Prime MinisterContinue Reading
(KYIV, UKRAINE) – Ukraine has received a second tranche of approximately 690 million US dollars from the International Monetary Fund under a new four year programme, Prime Minister Serhiy Koretskyi announced on Friday. In a statement posted on his Telegram channel, the prime minister confirmed that the funds had alreadyContinue Reading
(MOSCOW, RUSSIA) – The board of directors of Russia’s central bank has lowered the key interest rate from 14.25 percent to 14 percent per annum. The decision came as a surprise to many market observers who had expected the bank to hold steady. The Moscow Times reported the move, whichContinue Reading
(KYIV, UKRAINE) – The National Bank of Ukraine has set the official exchange rates for Monday, 27 July, showing small declines for both the US dollar and the euro against the Ukrainian hryvnia. The official rate for one US dollar will stand at 44.80 hryvnias. This compares with 44.81 hryvniasContinue Reading
