Africa Local AgDevCo lands equity and debt funding package from DFIs March 1, 2022 akintunde AgDevCo the specialist investor in early-stage African agribusinesses, today announced a $90m package of new funding Fundings were from the CDC Group, Norfund and DFC, which will allow AgDevCo to…
Business Local Technology World MTN Launches New Brand Identity With Simplified, Innovative Logo March 1, 2022 akintunde The company announced its brand repositioning using a contemplative slogan — “What Are We Doing Today?” It also articulated the context behind the new logo many had seen since February…
Local Market NSE fall lifts dividend yields ahead of earnings season March 1, 2022 akintunde The fall in share prices at the Nairobi Securities Exchange following a selloff induced by Russia’s invasion of Ukraine. This has raised the prospects of higher dividend yields for investors…
Africa Business Trade Uganda Is Enjoying Monthly Trade Surplus March 1, 2022 akintunde The latest performance of the economy report released on Monday by the finance ministry indicates that Uganda has continued to enjoy a trade surplus with East African Community countries. The…
Local Technology Safaricom, Ethio Telecom in talks to share towers March 1, 2022 akintunde Safaricom is negotiating an infrastructure sharing deal with Ethiopian rival Ethio Telecom. As it prepares to launch operations in the country over the next couple of months, the Safaricom-led consortium…
Africa Business Investing Kenya’s Eurobond Rose By 0.86 Per Cent March 1, 2022 akintunde Yields on Kenya’s Eurobonds rose sharply last week as Russia’s invasion of Ukraine caused investors to flee to safe-haven western bonds, putting in doubt Kenya’s plan to issue new debt…
Local American investors back Clickatell’s healthy Series C March 1, 2022 akintunde Clickatell the CPaaS innovator and Chat Commerce leader, today announces it has secured $91 million in their Series C round. This round was led by Arrowroot Capital, with participation from…
Africa Kenya Treasury Spent More Billion On Domestic Interest Repayment March 1, 2022 akintunde The National Treasury spent an additional Sh13.42 billion or 6.58 percent more on domestic interest repayments than it had budgeted for in the half-year period to December on the back…
Africa Market Kenyan Shilling Hit New Record Low March 1, 2022 akintunde The Kenyan shilling is under fresh pressure against the dollar after it hit a new record low on Monday, setting up the country for more expensive imports and debt servicing…
Technology World MTN Ventures Into Metaverse March 1, 2022 akintunde The Group, owner of its Nigerian subsidiary, MTN Nigeria Plc disclosed in a statement that it now owns 144 plots of virtual land with an overall area of 12x12m. The…
