Business

PayPal to Invest $100 Million in Africa, Middle East

PayPal to Invest $100 Million in Africa, Middle East

PayPal Holdings Inc. has announced a $100 million investment across the Middle East and Africa to boost digital commerce and…
Family Bank Okays Ksh.26 Million to Rembo Matatu in New Fleet Acquisition

Family Bank Okays Ksh.26 Million to Rembo Matatu in New Fleet Acquisition

Family Bank has extended a Ksh.26.6 million facility to Rembo Classic Sacco to finance the acquisition of five brand-new public…
How Kenyan Youth Will Receive Ksh.50K in Ruto’s Ksh.5 Billion Deal

How Kenyan Youth Will Receive Ksh.50K in Ruto’s Ksh.5 Billion Deal

The Government of Kenya has announced a Ksh.5 billion programme that has been orchestrated to uplift the Kenyan youth. The…
Mozambique to Build New Floating Liquefied Natural Gas Project

Mozambique to Build New Floating Liquefied Natural Gas Project

Mozambique’s government and international partners formalized the final investment decision for the Coral North Floating Liquefied Natural Gas (FLNG) project…
Foreign Investors Oversubscribe Kenya’s New Eurobond by 400% to $7.5 Billion in Debt Buyback Plan

Foreign Investors Oversubscribe Kenya’s New Eurobond by 400% to $7.5 Billion in Debt Buyback Plan

Kenya has successfully raised $1.5 billion (Ksh.193.8 billion) through a new Eurobond issuance, and this will pave way for the…
Data Shows 88% of SACCOs Prefer Metropol CRB for Risk Mitigation

Data Shows 88% of SACCOs Prefer Metropol CRB for Risk Mitigation

Kenya has witnessed a rise in the participation of regulated Savings and Credit Cooperative Organizations (SACCOs) in credit information sharing…
Oil Rises on Russia Sanctions Fears; Oversupply Worries Cap Gains

Oil Rises on Russia Sanctions Fears; Oversupply Worries Cap Gains

Oil prices rose on Thursday following losses in the previous three sessions as the potential for tighter sanctions on Russian…
Elon Musk Becomes First Person to Hit $500 Billion Net Worth

Elon Musk Becomes First Person to Hit $500 Billion Net Worth

Elon Musk on Wednesday became the first person ever to achieve a net worth of nearly $500 billion, propelled by…
Kenya’s Payments Revenue to Hit 8% CAGR To $0.8 Billion in 2029

Kenya’s Payments Revenue to Hit 8% CAGR To $0.8 Billion in 2029

Global payments revenue is projected to reach $2.4 trillion by 2029, according to Boston Consulting Group’s (BCG) 23rd annual Global…
Airtel Africa Foundation Targets 10 Million Lives in Transformative 2030 Vision

Airtel Africa Foundation Targets 10 Million Lives in Transformative 2030 Vision

Airtel Africa Foundation has unveiled a five-year plan aimed at improving the lives of 10 million people by 2030. The…
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