Business
IMF Speaks on Supporting Kenya Day After Ruto Sacked Cabinet
July 12, 2024
IMF Speaks on Supporting Kenya Day After Ruto Sacked Cabinet
The International Monetary Fund (IMF) has reiterated its commitment to keep supporting Kenya – according to a statement delivered by…
Marula Acquires Interest in High-grade Historic Cobalt Mine in South Africa
July 11, 2024
Marula Acquires Interest in High-grade Historic Cobalt Mine in South Africa
Marula Mining, an Africa-focused mining and development company has entered into a binding term sheet with Mansena Cobalt, a South…
Court Allows State to Keep Collecting Housing Levy in New Ruling
July 11, 2024
Court Allows State to Keep Collecting Housing Levy in New Ruling
On Thursday, July 11, a three-judge bench declined to suspend the Housing Levy while a case filed by Magare Gikenyi…
Tanzania’s Nala Secures Largest $40 Million in Series A Funding
July 11, 2024
Tanzania’s Nala Secures Largest $40 Million in Series A Funding
African fintech startup Nala has successfully secured $40 million in its latest funding round, marking one of the largest Series…
Egypt Approves $200 Million in Energy Projects with Foreign, Local Companies
July 10, 2024
Egypt Approves $200 Million in Energy Projects with Foreign, Local Companies
The Egyptian Cabinet announced that it had approved five agreements for gas and crude oil exploration projects involving several international…
Hard Times for Ugandans as Kenya Raises Bond Fee for Fuel to $45 Million
July 9, 2024
Hard Times for Ugandans as Kenya Raises Bond Fee for Fuel to $45 Million
Kenya has imposed new requirement on Uganda’s direct fuel import initiative, raising the bond fee for fuel shipments destined for…
Elon Musk Sets Date to Introduce Ksh.1,300 Data Package in Kenya
July 9, 2024
Elon Musk Sets Date to Introduce Ksh.1,300 Data Package in Kenya
Starlink has announced the introduction of a cheaper Ksh.1,300 data package, sending jitters to local operators who have enjoyed the…
GCR Upgrades ShafDB’s Long, Short-term Issuer Ratings to B
July 9, 2024
GCR Upgrades ShafDB’s Long, Short-term Issuer Ratings to B
South African rating agency GCR, has upgraded Shelter Afrique Development Bank’s (ShafDB) international scale long issuer rating to B from…
Gen Z Anti-Tax Protests Forces Moody’s to Downgrade Kenya’s Rating to Caa1
July 9, 2024
Gen Z Anti-Tax Protests Forces Moody’s to Downgrade Kenya’s Rating to Caa1
Moody’s Ratings (Moody’s) has downgraded Kenya’s local and foreign-currency long-term issuer ratings and foreign-currency senior unsecured debt ratings to Caa1…
Data Protection Case Against Businessman To Be Mentioned On July 29
July 8, 2024
Data Protection Case Against Businessman To Be Mentioned On July 29
A case in which a man has been charged with disclosing Personal data to a third party was today mentioned…