Business
Family Bank Pre-Tax Profit up 15.4% to Ksh.2.3 Billion in H1 2024
August 27, 2024
Family Bank Pre-Tax Profit up 15.4% to Ksh.2.3 Billion in H1 2024
Family Bank Group has posted a Ksh.2.32 billion Profit Before Tax in the first six months of 2024 a 15.4%…
Denmark Shuts Down Embassies in Mali, Burkina Faso
August 26, 2024
Denmark Shuts Down Embassies in Mali, Burkina Faso
Denmark has announced the closure of its embassies in Mali and Burkina Faso citing the “severely limited scope for action…
Libyan Central Bank Standoff Deepens as Governor Won’t Back Down
August 26, 2024
Libyan Central Bank Standoff Deepens as Governor Won’t Back Down
Libya’s embattled central bank governor clung on against attempts to oust him, deepening a more than week-long standoff between rival…
Absa Kenya After Tax Profit Up 29% to Kshs.10.7 billion in H1 2024
August 26, 2024
Absa Kenya After Tax Profit Up 29% to Kshs.10.7 billion in H1 2024
Absa Bank Kenya PLC has reported a profit after tax of Ksh.10.7 billion for the half year ended 30 June…
Solarise Secures $8.9 Million for Cheap Energy Across Africa
August 26, 2024
Solarise Secures $8.9 Million for Cheap Energy Across Africa
Solarise Africa, an energy-as-a-service provider catering to businesses across Africa, has secured an $8.9 million investment from Mergence Investment Managers.…
Crypto Firm Binance Launches Mobile Money Feature Across Africa
August 26, 2024
Crypto Firm Binance Launches Mobile Money Feature Across Africa
Binance has expanded its reach in Africa by launching a new mobile money feature in Ghana, Tanzania, Uganda, and Zambia,…
Safaricom Investment Co-operative Rebrands to Align with Future Plans
August 23, 2024
Safaricom Investment Co-operative Rebrands to Align with Future Plans
Safaricom Investment Co-operative has officially received approval from the Ministry of Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development…
World’s Second-largest Diamond Discovered in Botswana
August 23, 2024
World’s Second-largest Diamond Discovered in Botswana
A rough 2,492-carat diamond, the second-largest ever discovered, has been unearthed in Botswana at the Karowe mine, operated by Canadian…
Kenyan HR Firm Workpay Secures $5 Million in New Funding
August 23, 2024
Kenyan HR Firm Workpay Secures $5 Million in New Funding
Kenyan HR and payroll startup Workpay has secured $5 million in Series A funding, led by pan-African venture capital firm…
Rising Interest Rates Trigger Surge in Loan Defaults Among Kenyans
August 23, 2024
Rising Interest Rates Trigger Surge in Loan Defaults Among Kenyans
The first half of 2024 has seen an increase in loan defaults in Kenya, driven by rising interest rates that…