- Stears, a pan-African financial data and intelligence company, has announced the close of a $3.3 Million seed round which was led by MaC Venture Capital with
- Consumer expectations for financial institutions have begun to shift drastically in the last few years. The increasing ubiquity of on-demand digital services,
- Ghana’s central bank has raised its benchmark interest rate to the highest level in more than five years, seeking to curb inflation that’s expected to remain
- Prices at the weekly Mombasa tea auction rose slightly this week amid reduced demand, with a kilogram averaging $2.32(Sh280.49) up from USD2.27(Sh274.80) last
- Kenya has failed to strike oil and gas deposits in the coastal strip that has been at the centre of an international border dispute with Somalia for years.
- The Ethiopian Government has granted Safaricom a mobile money licence, therefore paving way for the telco to introduce its popular M-Pesa service in the
- Kenya’s private sector activity rebounded for the first time in six months in September as businesses recorded increased activity following the end of the
- Standard Bank Group Ltd.’s Kenyan unit is in talks to hire Joshua Oigara, former head of KCB, as its chief executive, according to a report by Bloomberg.
- Equity has consistently supported farmers and other primary players in the agriculture value chain to easily access farm inputs and machinery in support of
- Hisa Inc - a crowdsourced investing platform that makes financial markets social. Hisa enables users to buy fractions of Kenyan stocks and US Securities while
- Shariah-compliant First Community Bank customers are unable to withdraw their monies as the bank limits heavy drawings occasioned by panicking customers.
- Private equity fund Ascent Rift Valley Fund Ltd has sold an undisclosed stake at Medpharm Holdings Africa, a provider of medical diagnostic laboratory
- According to Mordor Intelligence, the African packaging market could reach a CAGR of 8.4% from (2021 - 2026). Demand is coming from Africa’s food and beverage
- According to a report by the African Private Equity and Venture Capital Association (AVCA), there are three main factors that contributed to strong deal
- Bolt, an on-demand transport platform has announced the appointment of Linda Ndungu as the new Country Manager for Bolt Ride hailing in Kenya effective, 1st
- British Investment firm, Helios Investment Partners, has offloaded its 60 per cent stake in Telkom Kenya, making the company a fully owned state parastatal.
- SBM Bank Kenya has inked a risk-sharing agreement with the African Guarantee Fund (AGF) that will see them avail Sh1.2billion to women-led businesses and
- The Kenya Revenue Authority (KRA) has exempted petroleum products from the increase in excise tax due to the implementation of the inflation adjustment.
- StepWise, a technology company focused on ICT Training and Business Process Outsourcing (BPO) has announced the launch of its Software Development Center,
- The Central Bank of Kenya(CBK) expects Kenya's inflation to remain elevated in the near term, due in part to the scaling down of the Government price support
- Somalia and Ethiopia say they will work together to protect each other’s territories, including requesting the UN Security Council to lift an age-old arms
- Sri Lanka’s inflation rate hit nearly 70 per cent in September for a 12th consecutive monthly record; official data showed Friday after a year of shortages,
- Families will have to tighten their belts as maize flour prices are expected to rise further from the current Kes 200 for a 2kg packet after a waiver on
- Yellow Card Financial, the Pan-African cryptocurrency exchange, has announced the close of its $40M Series B funding. The round was led by Polychain Capital,
- The rate of suspected digital fraud attempts from Kenya in Q2 2022 decreased by -27% compared to the same period last year, compared to a -14% decline shown
- Ghana has started engaging local and foreign investors to help fast-track negotiations with the International Monetary Fund (IMF) for as much as $3 billion to
- Uganda-based Sarrai Group has been cleared to resume operations at Mumias Sugar Company after the Court of Appeal temporarily suspended a High Court decision
- Over 4 million Fuliza defaulters will be removed from the Credit Reference Bureau (CRB) and other blacklists from November this year, the government and
- Tanzania and the United Arab Emirates (UAE) have signed an agreement to tackle double taxation on businesses between the two countries -- a deal that would
- Germany and France are in talks with South Africa’s National Treasury over about 600 million euros ($578 million) to help it transition away from the use of
- The Capital Market Authority (CMA) and Kenya Development Corporation (KDC) have signed a Memorandum of Understanding (MoU) that aims to ease the accessibility