Business

Japan’s Uncovered Fund, Monex Launch $20M Fund for Africa, Middle East

Japan’s Uncovered Fund, Monex Launch $20M Fund for Africa, Middle East

Japanese venture capital firms Uncovered Fund and Monex Ventures—the corporate VC arm of Monex Group—have unveiled a $20 million fund…
Dr. Sidi Ould Tah Succeeds Akinwumi Adesina as AfDB 9th President

Dr. Sidi Ould Tah Succeeds Akinwumi Adesina as AfDB 9th President

Dr. Sidi Ould Tah has taken over the reins of the AfDB as the 9th President, succeeding Akinwumi Adesina. Dr.…
Kenya’s Wealthy Near 7k as Africa’s Millionaires Expected to Hit 65%

Kenya’s Wealthy Near 7k as Africa’s Millionaires Expected to Hit 65%

Africa’s millionaire population is projected to grow by 65% over the next 10 years, a move which will position the…
Former Bungoma Governor Wangamati Appears Before EACC Over Graft Claims

Former Bungoma Governor Wangamati Appears Before EACC Over Graft Claims

Former Bungoma Governor Wycliffe Wangamati presented himself before the Ethics and Anti-Corruption Commission (EACC) on Monday, following a summons issued…
Kenya Airways Posts Ksh.12 Billion Loss in H1 2025

Kenya Airways Posts Ksh.12 Billion Loss in H1 2025

Kenya Airways has reported a staggering Ksh.12 billion loss in the first half of 2025, a dramatic reversal from the…
How Business Laws (Amendment) Act, 2024 is Shaping Credit Market in Kenya

How Business Laws (Amendment) Act, 2024 is Shaping Credit Market in Kenya

Kenya introduced sweeping reforms to its business and financial space, with the enactment of the Business Laws (Amendment) Act, 2024…
Report: Kenya’s Banking Sector Remains Strong as Capital Buffers Exceed Regulatory Minimums

Report: Kenya’s Banking Sector Remains Strong as Capital Buffers Exceed Regulatory Minimums

Kenya’s banking sector ended 2024 on a resilient note, with capital buffers remaining well above regulatory requirements, according to the…
CBK Approves CIS’ Validata Tool to Tame Data Submission Errors to CRBs

CBK Approves CIS’ Validata Tool to Tame Data Submission Errors to CRBs

The Central Bank of Kenya (CBK) has approved the CIS ValiData tool developed by the Credit Information Sharing Association of…
What it Means as Treasury Blocks KRA from Using Tax Refunds to Offset Dues

What it Means as Treasury Blocks KRA from Using Tax Refunds to Offset Dues

Kenya’s National Treasury has prohibited the Kenya Revenue Authority (KRA) from allowing taxpayers to offset their tax liabilities using refunds…
Kenya’s HoneyCoin Raises $4.9 Million to Scale Stablecoin Payments 

Kenya’s HoneyCoin Raises $4.9 Million to Scale Stablecoin Payments 

Kenyan fintech HoneyCoin has raised $4.9 million in seed funding to accelerate its stablecoin-powered payments infrastructure across Africa, Latin America,…
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