Real Time Financial News Website
Sanari Capital, a women-led and majority Black- and women-owned South African private equity firm, has successfully raised R1.25 billion (approximately…
Africa boasts some of the world’s largest gold reserves, presenting a substantial source of wealth and economic potential for the…
Professor Olajumoke Familoni, an expert in management and entrepreneurship, emphasized the need for African nations, particularly Nigeria, to proactively embrace…
The Bank of Ghana is expected to conclude its series of interest rate hikes as Ghana’s headline inflation rate declined…
Mali’s military junta has decided to postpone the scheduled February elections, citing technical difficulties and a dispute with the international…
The European Bank for Reconstruction and Development (EBRD) is set to invest up to €30 million in Mediterrania Capital Partners’…
Valu, a prominent financial technology company in the MENA region, has successfully completed its sixth securitized bond issuance in collaboration…
Kasada, a real estate private equity platform focused on Africa’s hospitality sector, has purchased the former Radisson Blu Hotel &…
Rentoza, South Africa’s first pure-play subscription model for digital goods and appliances, has secured an investment of R18 million from…
Metier has successfully completed the first close of its Metier Capital Growth Fund III, securing just over $182 million in…
Equity Bank has entered into a Customer Business Agreement with Mastercard to offer a range of payment solutions, including cross-border…
East African Breweries Plc (EABL) has reported a reduction in its headcount by 168 in the fiscal year ending June,…
Rubis Energy Kenya, an oil marketer, converted €30 million (Sh4.7 billion) worth of pending fuel subsidy dues into government bonds…
In July, the return on fixed deposits in Kenya surpassed inflation rates for the first time in 15 months. Banks…
The National Treasury in Kenya has utilized multiple reopenings of short-term bonds to secure Ksh 222 billion since May. By…
Raymond Ndong Sima, Gabon’s recently appointed Prime Minister, has announced the military government’s commitment to organizing free elections within the…
Google has named Alex Okosi as the Managing Director for its operations in Africa. Prior to this, Okosi held the…
Bank-owned stockbrokers and investment banks, supported by alternative revenue streams, have outperformed standalone rivals in terms of profits. SBG Securities,…
KCB Group, a major financial institution, is planning to inject $100 million (approximately Sh14.5 billion) into KCB Bank Kenya. This…
The G20, a grouping of major world economies, has reportedly agreed to grant permanent membership to the African Union, according…
The President of the African Development Bank, Akinwunmi Adesina, has announced that the institution is committing to provide $25 billion…
The COP28 President-Designate, Dr. Sultan Al Jaber, has unveiled a new initiative from the United Arab Emirates (UAE) that will…
Rentoza, a South African online subscription platform, has successfully secured $6 million in funding from two prominent investors, leading a…
The Executive Secretary of the Ghana Microfinance Institutions Network (GHAMFIN), Yaw Gyamfi, has urged Non-Bank Financial Institutions (NBFIs) to harness…
Standard Chartered Bank Kenya has announced the removal of the one percent upfront fee charge on its online money market…
Kenyan President William Ruto recently signed the Climate Change (Amendment) Bill 2023 into law, marking a significant step towards the…
Kenya Revenue Authority (KRA) has faced defeat in a prolonged tax dispute with Bidco Oil Refineries, amounting to $1.38 billion.…
The African Union (AU) has suspended Gabon’s membership after military officers ousted President Ali Bongo. This move marks the first…
Data from the annual Sacco Societies Regulatory Authority (SASRA) report for 2022 indicates that land purchases and home ownership plans…
The Nairobi Securities Exchange (NSE) recorded a substantial 72.4% increase in net profit, reaching Ksh 69.38 million in the first…
