Markets
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Trump Victory Adds $1.3 Billion Gain to Renewables Short Bets
This week’s selloff in renewable energy stocks following Donald Trump’s election victory has been a boon for short sellers betting…
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Pan-African Payment System Could Save Africa $5B in Fees
Africa’s reliance on the dollar for cross-border transactions may soon diminish as the Pan-African Payments and Settlements System (PAPSS) under…
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Startupbootcamp, Tycoon Plan $250 Million Africa Startup Fund
Tech accelerator Startupbootcamp, British-East African business tycoon Ashish Thakkar’s Mara Group and Blend Financial Services are planning a $250 million…
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Navigating the Current Landscape of Capital Markets in 2024: Key Trends to Watch
As we approach the end of the fourth quarter of 2024, capital markets are under the spotlight, reflecting a complex…
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Kenya Secures $606.1 Million Loan From IMF to Manage Debt
The Executive Board of the International Monetary Fund (IMF) concluded the seventh and eighth reviews under Kenya’s Extended Fund Facility…
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Kenya Power Swings to Record Profit as Strong Currency Cuts Debt
Kenya Power and Lighting Co. posted a full-year profit thanks to a stronger local currency that softened its debt burden,…
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Kenya Confident in Continued Shilling Stability Ahead of IMF’s $3.9 Billion Loan
Central Bank of Kenya (CBK) Governor Kamau Thugge has expressed confidence in the current level of the Kenyan shilling, currently…
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Kenya Leads African Start-ups at $437 Million in Funding in 2024
As 2024 nears an ending, Kenya and Egypt have emerged as the dominant players in African start-up funding, claiming a…
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South African Inflation Slowing to 3.8% Backs Rate Cut Bets
South Africa’s annual inflation rate fell below 4% for the first time in more than three years bolstering the case…
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KCB’s Stock Surges as Bank Divests From National Bank of Kenya
Shares of KCB Group Plc, Kenya’s largest bank by assets, surged to their highest level since May as investors priced…
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