Markets
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Kenya’s Borrowing Costs Remain High Amid Fiscal Uncertainty
Kenya’s borrowing costs remain near decade-high levels as uncertainty over the country’s funding options and fiscal strategy continues. Following deadly…
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AgDevCo Raises $32M to Support Early-Stage Agro Ventures in Africa
AgDevCo, a specialist investor in African agriculture, has secured $32 million in funding from the UK’s Foreign, Commonwealth, and Development…
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Omnisient Secures $7.5 Million to Expand Data Privacy Across Africa
Omnisient, a South African startup specializing in privacy-preserving data collaboration, has secured $7.5 million in Series A funding to fuel…
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List of Top 10 Richest People Globally – September 2024
The ever-fluctuating world of tech stocks has once again reshuffled the rankings of the world’s wealthiest individuals. While Elon Musk…
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Standard Chartered Profit up 50% to Ksh.10.2 Billion in HY 2024
Standard Chartered Bank Kenya (StanChart), a subsidiary of the UK-based banking giant, reported a 50 percent surge in profit in…
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NCBA Shareholders Pocket Ksh.2.25 in Dividends After Ksh.9 Billion Profit Surge
NCBA Group has reported a five-percent increase in profit after tax for the first half of 2024, reaching Ksh.9.8 billion…
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Why Starlink Has Cut Off South Africans From Internet Access
Starlink has cut off users in South Africa who were accessing the service via regional roaming, as the company enforces…
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Kenya Bans Export of $3.87 Million Raw Veneer Materials
Environment Cabinet Secretary Aden Duale has ordered an immediate ban on the export of raw veneer materials. This, Duale said,…
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Kenya Pensions Industry Plans SPAC to Tackle State Pending Bills
Kenyan pension funds are in talks to acquire a portion of the government’s overdue payments to some contractors and service…
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Nigeria’s Economy Grows by 3.1% Helped By Oil Outputs
Nigeria’s economy grew 3.19% in the second quarter of 2024 compared with the same quarter last year, lifted by higher…
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