Business

MPs Open Public Submissions on Plan to Sell 15% Stake in Safaricom

MPs Open Public Submissions on Plan to Sell 15% Stake in Safaricom

The Kenyan government has formally opened a public participation process on its plan to divest from Safaricom PLC partially, inviting…
Africa’s Bond Costs Fall But Premium Gap Persists

Africa’s Bond Costs Fall But Premium Gap Persists

Africa has made a rapid return to global debt markets this year, raising roughly $18 billion through international bond issuances,…
U.S, EU Pressure Mounts on Tanzania Over Deadly Post-Election Unrest

U.S, EU Pressure Mounts on Tanzania Over Deadly Post-Election Unrest

Tanzania is facing mounting international pressure following a wave of violent unrest that erupted around the country’s October 29 elections,…
Why State Sidelined Local Investors in a Ksh.244 Billion Safaricom Shares Offload

Why State Sidelined Local Investors in a Ksh.244 Billion Safaricom Shares Offload

Kenya’s decision to offload a 15% stake in Safaricom to Vodafone for Ksh.204.3 billion ($1.57 billion), rising to Ksh.244.5 billion…
Ethiopia’s Tad Motors Launches its Electric Cars in Kenya

Ethiopia’s Tad Motors Launches its Electric Cars in Kenya

Tad Motors officially entered Kenya’s electric vehicle market with the launch of its first Electric Vehicle lineup, which was unveiled…
Superior Homes to Construct New Housing Units in Kiambu’s Northlands

Superior Homes to Construct New Housing Units in Kiambu’s Northlands

Superior Homes Kenya has launched their latest housing project, dubbed The Orchards at Northlands, within Northlands City, sitting on 25…
CBK’s New KESONIA Loan Pricing Model Explained in Simple Terms as it Takes Effect December

CBK’s New KESONIA Loan Pricing Model Explained in Simple Terms as it Takes Effect December

The Central Bank of Kenya (CBK) has introduced a new way for banks to calculate loan interest rates, using a…
Vodacom Introduces New Feature for Tanzanians to Transact Globally Using M-Pesa

Vodacom Introduces New Feature for Tanzanians to Transact Globally Using M-Pesa

Vodacom Tanzania has introduced M-Pesa Global Payment, which will allow more than 22 million M-Pesa users to pay merchants in…
African Firms Using Standard Bank Can Now Pay Chinese Suppliers in Yuan; Here’s What We Know

African Firms Using Standard Bank Can Now Pay Chinese Suppliers in Yuan; Here’s What We Know

Standard Bank, Africa’s largest bank by assets, has become the first bank on the continent to connect directly to China’s…
Safaricom Launches First Tranche of Ksh.5 Billion Fixed-Rate Green Notes Under MTN Programme

Safaricom Launches First Tranche of Ksh.5 Billion Fixed-Rate Green Notes Under MTN Programme

Safaricom PLC has officially launched the first tranche of its Ksh.15 billion Fixed-Rate Green Notes under its Ksh.40 billion Medium-Term…
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