Markets
-
Tyme Becomes Africa’s Newest Unicorn After Securing $250M, Valuation Hits $1.5B
Tyme Group, the digital banking firm backed by South African billionaire Patrice Motsepe, has raised $250 million in its latest…
Read More » -
Bitcoin Hits Record $106,000 Amidst Optimism Over Trump’s Cryptocurrency Stance
Bitcoin has soared to an all-time high, continuing a remarkable rally that has pushed the cryptocurrency’s value up by more…
Read More » -
AfDB Disburses $1 Billion Loan to Revitalize South Africa’s Transnet
The African Development Bank (AfDB) has released the first installment of its $1 billion loan to Transnet, South Africa’s state-owned…
Read More » -
Kenya, Nigeria Dominate African Start-Up Funding with 76% Share in November
Kenya and Nigeria emerged as leaders in African start-up funding last month, securing 76 percent of the total $180 million…
Read More » -
Global Trade to Hit Record $33 Trillion in 2024: UNCTAD Report
Global trade will hit a record $33 trillion in 2024, a 3.3% growth from the previous year, according to a…
Read More » -
UAE Port Operator DP World Plans India Expansion to Ease Delays
DP World Ltd., a United Arab Emirates-based port operator, plans to expand in India to alleviate trade bottlenecks, according to…
Read More » -
Kenya’s Mawingu Secures $15M to Scale Internet Connectivity in East Africa
Kenya-based Internet Service Provider Mawingu has acquired Habari, an ISP operating in seven regions across Tanzania, to expand digital connectivity…
Read More » -
Zimbabwe’s Central Bank Retains Africa’s Highest Interest Rate at 35%
Zimbabwe’s central bank retained Africa’s highest interest rate and affirmed its tight monetary policy stance will continue into 2025. The…
Read More » -
Why Billionaire Merali is Facing $2.22 Million Loss in Sasini Stake
The Merali family, one of Kenya’s wealthiest households and the largest shareholders of Sasini Tea, has suffered a significant decline…
Read More » -
Uganda Confirms Central Bank Hacking, Refutes $17 Million Claim
Uganda’s finance ministry confirmed media reports that hackers breached the central bank’s systems and stole money, but refuted claims that…
Read More »
