FeaturedTelecomMTN Uganda’s IPO official as it floats 4.5 bn shares at $0.06 eachIFM CorrespondentOctober 13, 2021 by IFM CorrespondentOctober 13, 2021 The firm is offering 20% of its share to the public... Read more
EconomyFeaturedKenya secures $130 mn from World Bank to fight Covid-19WebAdminJune 30, 2021 by WebAdminJune 30, 2021 This aid will help Kenya to procure more Covid-19 vaccines through the African Vaccine Acquisition Task Team (AVATT) initiative... Read more
FeaturedFinancePrivate Equity fund manager Ascent finalises $100 mn funds for SME in East AfricaWebAdminMay 25, 2021 by WebAdminMay 25, 2021 The investor will primarily target minority and majority acquisitions for amounts between $4 mn and $15 mn... Read more
Banking and FinanceFeaturedKenya attracts venture capital deals worth Sh74.3 billionInternational Finance Business DeskJune 26, 2020June 26, 2020 by International Finance Business DeskJune 26, 2020June 26, 2020 South Africa ranks first recording deals worth Sh795 million... Read more
FeaturedTechnologyZTE and MTN Uganda unveil the first 5G standalone network in East AfricaInternational FinanceJanuary 31, 2020March 18, 2020 by International FinanceJanuary 31, 2020March 18, 2020 The Chinese multinational telecom equipment giant has emerged as a vital provider of end-to-end services in the ICT sector... Read more
FeaturedLogisticsToyota-backed Kenyan logistics startup Sendy raises $20mn in Series B funding roundInternational FinanceJanuary 30, 2020March 18, 2020 by International FinanceJanuary 30, 2020March 18, 2020 Sendy currently has around 50,000 customers and offers its services to over 4,000 businesses across key cities of Kenya... Read more
Oil & GasOil and gas development to boost Kenya’s economic diversityPritam BordoloiOctober 1, 2019 by Pritam BordoloiOctober 1, 2019 The ICAEW report highlights how East Africa’s growth is mainly driven by strong performances in Kenya and Ethiopia... Read more
BankingKenya’s CBA to own 53% stake in merger with NIC GroupPritam BordoloiSeptember 30, 2019November 1, 2019 by Pritam BordoloiSeptember 30, 2019November 1, 2019 The merger will be effective from September 30 and the new entity will be known as NCBA Group... Read more
BusinessJanuary-February 2019MagazineEmpowering East Africa’s small businessesInternational FinanceJanuary 15, 2019December 11, 2019 by International FinanceJanuary 15, 2019December 11, 2019 East Africa’s small and medium enterprises largely operate without structure or business models – how can this high potential, lucrative industry made organized for optimum results?... Read more
EconomySaudi prince’s visit to the UK brings new alliance on global aidInternational Finance DeskMarch 9, 2018February 27, 2020 by International Finance DeskMarch 9, 2018February 27, 2020 The Department for International Development and the Saudi Fund for Development will work together to protect lives in scarce countries... Read more