July 19, 2023 SC Giano Capital of Geneva ,Switzerland has announced that they are launching a 50 Million euros Later Stage Fund targeting the European market. Founded by serial entrepreneur Alberto Chalon and Andreas Wiele, who is from a media and tech executive background, the fund is proposed to be invested in the European tech […]
The Capital Markets Authority (CMA) of Kenya is planning to conduct a comprehensive evaluation of the country’s carbon market, including its ecosystem and stakeholder mapping. The goal is to understand the demand, supply conditions, and growth trajectory of the market, which will then guide the development of a policy framework for overseeing a robust and […]
In the second quarter, despite a slowdown in central bank purchases, the demand for gold bars remained high due to wealthy individuals and corporates seeking safe-haven investments. According to a quarterly report by the World Gold Council (WGC), gold demand increased by 7 per cent, reaching 1,255 tonnes in the three months leading up to […]
James Cleverly, the Foreign Secretary of the United Kingdom, is set to visit three African countries during his four-day tour aimed at strengthening future-focused and mutually beneficial partnerships. Kicking off his journey in Ghana today, Monday, July 31, Cleverly will announce new UK investments for small businesses in Ghana. As one of the UK’s major […]
July 26 2023 Wilo Group, a renowned German manufacturer of pumps and pump systems, is reinvigorating its presence in Kenya by establishing an assembly plant in Nairobi. This strategic move is fueled by the company’s recognition of the burgeoning opportunities in the country’s high-rise construction projects and the government’s affordable housing initiatives. Over the past […]
July 14 2023 In a significant boost to the agricultural sector in Kenya, the United States government has committed $12 million towards reviving the pyrethrum sector. Pyrethrum is a valuable crop used in the production of natural insecticides and is known for its effectiveness in controlling pests. The investment aims to rejuvenate the pyrethrum industry, […]
July 24, 2023 KCB, one of Kenya’s leading financial institutions, has announced a groundbreaking partnership with the United Nations Institute for Training and Research (UNITAR) to launch an ambitious plan to sell 100,000 electric bikes in the country within the span of a year. This bold initiative is in line with KCB’s commitment to achieving […]
July 18, 2023 Starlink, the groundbreaking satellite internet service, has made its entry into the Kenyan market. This move follows its successful expansion into other African countries, including Nigeria, Mozambique, Rwanda, and Sierra Leone, as announced by CEO Elon Musk earlier this year. On July 18, 2023, Musk took to Twitter to announce the inclusion […]
July 27, 2023 Safaricom has recently launched an innovative zero-interest credit service, named Faraja, designed to facilitate the purchase of goods up to Sh100,000. The initial block by the financial regulator caused much anticipation, but the service is now set to shake up the mobile loans market dominated by products like Fuliza, a mobile overdraft […]
July 19, 2023 Safaricom Plc and TerraPay (Mobex Kenya) have formed a strategic partnership to empower over 32 million M-PESA customers with the ability to easily send and receive money to Bangladesh and Pakistan. With a combined population exceeding 200 million people, this collaboration opens up a wealth of financial opportunities for Safaricom users, providing […]
Kenya has reaffirmed its commitment to pursuing a new program with the International Monetary Fund as the country seeks to...
Turkey's central bank delivered a measured 250 basis point reduction in its policy interest rate to 40.5% on Thursday, marking...
South Africa's digital retail revolution is gaining unstoppable momentum, with online sales projected to exceed 130 billion rand ($7.42 billion)...
African farmers and agribusiness entrepreneurs are poised to benefit from a transformative $250 million (Sh37 billion) investment initiative that promises...
