- Swedish-Kenyan mobility startup Roam, previously Opibus, has launched a new electric mass transit bus, the Roam Rapid, which is specifically designed to
- Another example of open economy innovation can be witnessed in Ethiopia. MasterCard, Gavi, the Ethiopia Ministry of Health and JSI, recently announced a
- Mombasa-based manufacturer Pwani Oil Products has bought stationery firm Kartasi Industries Limited for an undisclosed sum, seeking to further diversify its
- The Ugandan government is pushing for lower internet costs to promote the usage of digital financial services across the country in a bid to increase
- Co-op Bank Group has posted a Sh11.5billion half-year profit marking a 55.4 per cent jump compared to Sh7.4billion reported in the same period in 2021.
- Bamburi Cement Group has recorded a Sh95million profit for the half year ended June 2022, an 87.7 per cent decline from Sh776 million reported in the same
- The Capital Markets Authority(CMA) has licensed Waanzilishi Capital as a fund manager to provide investment advice, manage portfolios, and design investment
- Sugar production between January and July increased by 15% when compared with a similar period last year, compelling the sector regulator to cut imports by
- Safaricom Plc has appointed Cynthia Karuri-Kropac as its Chief Enterprise Business Officer with effect from 1st September 2022. She joins Safaricom Plc from
- Kenya Airways has narrowed its half-year loss to Sh9.8 billion from a Sh 11.5billion loss posted in the same period last year, attributed to increased revenues.
- KCB Group reported a 27.5 per cent rise in net profit for the half-year ended June 2022 to Ksh 19.6 billion, driven by higher income from lending and
- National Bank of Kenya (NBK) reported a profit after tax of Ksh 661.8 million in the first six months of the year, a decline compared to Ksh 717.6 million
- Nigeria aims to raise an initial $10 billion in funding to implement its energy transition plan ahead of COP27 climate talks later this year, the country’s
- Sri Lanka tightened import restrictions on Wednesday with a ban on more than 300 additional items, as an economic crisis that has created months of shortages
- China, Africa’s largest bilateral lender has unveiled a minor debt relief package for 17 African countries, writing off 23 interest-free loans that came due
- The World Bank has granted $300 million to Mozambique in a deal that marks the resumption of its support to the country, six years after it suspended aid
- Kenyan importers will now pay more to bring in cereals and textiles from outside the East African Community (EAC) following the implementation of the 35 per
- South African financial institutions will now be allowed to deal with funds linked to digital assets and shouldn't indiscriminately block all crypto clients,
- Deciding to invest your money is a big step, and choosing the investment strategy to help you achieve your goals is essential. There are many different
- Equity Group has announced its half year results for the period ended June 2022 recording a 36% rise in profit after tax to Ksh 24.4 Billion up from Ksh 17.9
- Microtraction, an early-stage venture capital firm that invests in African tech entrepreneurs at the pre-seed stage, has announced a $15 million first close
- China’s central bank has cut benchmark loan rates, seeking to boost the economy that has been battered by the government’s strict zero-Covid policy and a
- The weekly Mombasa Tea Auction held on 15th, 16th and 17th August 2022 had 12.3 million kilograms of tea offered for sale. The amount on offer decreased from