Markets
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KRA Makes Changes to Excise Duty Rates Effective December 27, 2024
The Kenya Revenue Authority (KRA) has announced adjustments to excise duty rates for various goods and services, following the enactment…
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Tanzania’s Amsons Group Launches Ksh.23.6 Billion Bamburi Cement Buyout
Tanzania’s Amsons Group has initiated its Ksh.23.6 billion acquisition of Bamburi Cement, one of Kenya’s leading cement manufacturers – according…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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