Markets
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Saudi Sovereign Wealth Fund Poised for $5B Investment in Egypt
Saudi Arabia’s sovereign wealth fund is set to invest $5 billion in Egypt, marking the latest Gulf funding for the…
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West African Central Bank Maintains Key Rate on Inflation Concerns
The Central Bank of West African States (BCEAO) opted to maintain its key interest rate at 3.50% during its 3rd…
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Kenya Revives Diaspora Bond Plans As Budget Gap Widens
Kenya is reviving plans for a bond sale targeted at citizens living abroad to help raise funds for infrastructure projects,…
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Nigeria Raises $900M in First Domestic Dollar Bond Sale
Nigeria’s government raised $900 million through its first-ever domestic dollar bond sale, aiming to diversify funding sources amid high yields…
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Autochek Inks Deal with Turaco for Flexible Motor Insurance Plans
Autochek Kenya, a leading automotive technology company, has announced a deal with Turaco Insurance Agency, keen to make vehicle insurance…
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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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