Browsing Category
Africa
Surprising Surge: Kenyan One-Year Treasury Bill Interest Rates Spike to 14%…
In an unexpected twist, the interest rate on the one-year Treasury bill in Kenya soared to a remarkable 14% during…
Credit Bank PLC Set to Make a Splash on Nairobi Securities Exchange, Aiming to…
In a bold move marking a significant shift on the financial horizon, Credit Bank PLC has announced its upcoming…
Kenyan Fintech Zanifu Bags $11.2M in Pre-Series A Round to Supercharge MSMEs with…
In a groundbreaking stride, Kenyan fintech powerhouse Zanifu has clinched a monumental $11.2 million in a…
Cape Town’s VC Powerhouse HAVAÍC Deepens Investment in RapidDeploy’s…
Venture capital juggernaut HAVAÍC, headquartered in Cape Town, is making waves again. Fresh off their…
Revolutionary Fundraising Blitz: RH Managers Spearheads R2-billion South African…
Johannesburg-based private equity and infrastructure powerhouse, RH Managers (RHM), is igniting a fervent…
AIIM and N+ONE Partner to Drive Pan-African Data Center and Cloud Services…
African Infrastructure Investment Managers (AIIM) and N+ONE DATACENTERS are collaborating to establish a…
KRA’s Dynamic Move: Real-Time Surveillance on Mobile Money Transactions for…
The Kenya Revenue Authority (KRA) has embarked on a groundbreaking initiative to closely monitor transactions…
Shilling’s Slide Spurs Currency Gains: Tier One Banks Record Substantial…
Tier one banks in Kenya have experienced a noteworthy surge in currency gains, amassing a total of Ksh 14.5…
Pyrethrum Power Surge: Kentegra Biotechnology Secures $15 Million Financing for…
Nairobi-based pyrethrum pioneer, Kentegra Biotechnology, is set to receive a significant boost with a financial…
NBK Reports Ksh 3.84 Billion Loss, Hit by Compensation Payout; KCB Evaluates…
National Bank of Kenya (NBK), a subsidiary of KCB Group, has announced a net loss of Ksh 3.84 billion for the…
Kenya Power Seeks Government’s Help to Convert Dollar Debt Amid Depreciating…
Kenya Power, the country's power distribution company, is actively seeking the assistance of the government to…
Central Bank of Kenya Gains Enhanced Powers to Vet Beneficial Owners and Regulate…
The Central Bank of Kenya (CBK) has been granted expanded authority to scrutinize not only directors and senior…
Access Bank Ghana Reports Strong Half-Year Financial Performance with 65.4% Growth…
Access Bank Ghana has announced robust financial results for the first half of 2023, reporting a significant…
UBA Partners with UNDP to Empower Youth and Women-led MSMEs in Ghana and Promote…
United Bank for Africa (UBA) Plc has entered into a Memorandum of Understanding (MoU) with the United Nations…
Rwandan Local Governments Crack Down on Illegal Mines
Efforts to curb the prevalence of illegal mining operations in Rwanda are intensifying as local government leaders…
KCB Group Records 20% Net Profit Decline in H1 2023, MarketNewsNG Reports
KCB Group, one of East Africa's leading financial institutions, has reported a 20% drop in net profit for the…
Safaricom Surpasses 5 Million Subscribers in Ethiopian Venture
Safaricom, the telecommunications giant, has achieved a milestone by surpassing five million subscribers in its…
Marble Capital Introduces Marble Halal Fixed Income Fund for Risk-Averse Investors
Marble Capital Limited, a prominent ethical and Islamic Fund Manager in the Nigerian financial market, has…
African State-Owned Oil Companies Report $27.95 Billion Earnings in 2023 Amid…
An analysis of financial reports from three major state-owned oil and gas companies in Africa has revealed…
African Union Suspends Niger Republic Following Coup; Diplomacy Urged to Solve…
The African Union (AU) Commission has imposed sanctions by suspending Niger Republic from the organization due to…
Kenyan Banks Oppose Government Plan to Raise Threshold for Reporting Large Cash…
Kenyan commercial banks have expressed opposition to a government plan to increase the threshold for reporting…
Founders Factory Africa Raises $114 Million to Scale Its Impact in African Tech…
Founders Factory Africa (FFA), a South African early-stage accelerator and investor, has secured $114 million in…
RMB Corvest and Umoya Capital Partners Acquire Stake in Sants Private Higher…
RMB Corvest and Umoya Capital Partners have jointly acquired a significant minority stake in Sants Private Higher…
AFC Invests in East Africa’s Oil and Gas Downstream Player for More…
Africa Finance Corporation (AFC), a prominent infrastructure solutions provider in Africa, has announced its…
Ghana Faces Rising Interest Rates on Government Securities Amid Debt Restructuring…
Ghana has experienced a rise in interest rates on government securities, with the interest on the 91-day treasury…
Kenya Reports Slowest Growth in VAT Collections in 10 Years
Kenya has experienced the slowest growth in collections from value-added tax (VAT) in a decade, attributed to…
Kenya Commercial Banks Raise Base Lending Rates for Seventh Consecutive Month
Kenyan commercial banks have increased their base lending rates for the seventh consecutive month, reaching 13.31…
Kenya: High Court Suspends Exclusive Macadamia Nut Export Rights Pending Case…
The High Court has issued a suspension on the Kenyan government's decision to grant exclusive export rights for…
BOST Records Profits for Second Consecutive Year, Marks Turnaround
The Bulk Oil Storage and Transportation Limited Company (BOST) has reported a profit after tax of GH¢342 million…
Auditor-General Raises Concerns Over Non-Performing Investments in NSSF
The Auditor-General has flagged non-performing investments totaling Sh630.3 million in the National Social…