Business
Equity Group Pretax Profit up Ksh.51 billion in 9 Months
November 12, 2024
Equity Group Pretax Profit up Ksh.51 billion in 9 Months
Equity Group Holdings on Tuesday reported pretax profit of Ksh.51.0 billion ($397 million) for the first nine months of 2024. The…
Trump’s Re-election to Boost Equities in Africa, Middle East, Says J.P. Morgan
November 12, 2024
Trump’s Re-election to Boost Equities in Africa, Middle East, Says J.P. Morgan
Donald Trump’s possible re-election could drive growth in emerging market equities in the Middle East and North Africa (MENA) region…
Senegal to Reaffirm €2.5 Billion Green Energy Pact at COP29
November 11, 2024
Senegal to Reaffirm €2.5 Billion Green Energy Pact at COP29
Senegal is expected to recommit to a €2.5 billion ($2.67 billion) Just Energy Transition Partnership (JETP) at the COP29 climate…
Trump Victory Adds $1.3 Billion Gain to Renewables Short Bets
November 8, 2024
Trump Victory Adds $1.3 Billion Gain to Renewables Short Bets
This week’s selloff in renewable energy stocks following Donald Trump’s election victory has been a boon for short sellers betting…
Pan-African Payment System Could Save Africa $5B in Fees
November 8, 2024
Pan-African Payment System Could Save Africa $5B in Fees
Africa’s reliance on the dollar for cross-border transactions may soon diminish as the Pan-African Payments and Settlements System (PAPSS) under…
The Role of SACCOs as International Remittance Providers in Kenya
November 8, 2024
The Role of SACCOs as International Remittance Providers in Kenya
SACCOs have the potential to boost financial inclusion and stimulate economic growth in Kenya through international remittances, particularly in underserved…
Peter Ndegwa’s 2024 Pay Down 19.4% to Ksh.252.3 Million
November 7, 2024
Peter Ndegwa’s 2024 Pay Down 19.4% to Ksh.252.3 Million
Peter Ndegwa, CEO of Safaricom Plc, East Africa’s telecom giant, received Ksh.252.3 million ($1.95 million) in total compensation for the…
Family Bank Appoints Lazarus Muema as New Board Chairman
November 7, 2024
Family Bank Appoints Lazarus Muema as New Board Chairman
Family Bank has announced the appointment of Mr. Lazarus Muema as the new Chairman of its Board of Directors, following…
Startupbootcamp, Tycoon Plan $250 Million Africa Startup Fund
November 7, 2024
Startupbootcamp, Tycoon Plan $250 Million Africa Startup Fund
Tech accelerator Startupbootcamp, British-East African business tycoon Ashish Thakkar’s Mara Group and Blend Financial Services are planning a $250 million…
Navigating the Current Landscape of Capital Markets in 2024: Key Trends to Watch
October 31, 2024
Navigating the Current Landscape of Capital Markets in 2024: Key Trends to Watch
As we approach the end of the fourth quarter of 2024, capital markets are under the spotlight, reflecting a complex…