China’s Lending to Africa Surged to US$ 4.6 bn in 2023
China increased its lending to Africa in 2023 to US$ 4.6 billion marking the first increase in 7 years, according ...
Fundraising Activity in East Africa to Pick Up, Majority Deal Size Below US$25mn-Deloitte
The fundraising environment in East African region is expected to improve over the next 12 months as economic activity, confidence ...
African Airlines’ Passenger Revenue Jump by 8% in Q1 2024 – AFRAA
The world airline industry has maintained its trajectory of recovery during the first quarter of 2024 with a rebound in ...
Government Spends KShs44 bn on Fuel Subsidy-Energy PS
The government has spent KShs. 44 Billion on stabilization of fuel prices, which the Ministry of Energy says has been ...
Crown Paints Profits Double to KSh 75 Mn
Crown Paints Kenya Plc, a listed paints and coats manufacturer (Ticker: CRWN), posted a KSh 75 million profit for the ...
Interswitch Partners with Elie Technologies for Contactless Payments
Interswitch East Africa (Kenya) Limited has partnered with Elie Technologies to unveil a contactless payment solution for merchants and customers ...
DTB Half Year Profits Surge 11.5% Despite Rising NPLs and Operating Costs
Diamond Trust Bank (DTB) reported an 11.5% increase in after-tax profits for the first half of 2024, reaching Ksh 4.9 ...
5 New Office Buildings in Nairobi
Nairobi was established as a railway depot for the Uganda Railway in 1899. Initially, the city’s development was modest, with ...
Flutterwave Licensed by the Bank of Uganda
Flutterwave has received a Payment Systems Operator (PSO) license from the Bank of Uganda, the fintech said in a statement ...
Savannah Clinker Makes KShs. 25.4bn Counter Offer for Bamburi Cement
Listed cement maker Bamburi Cement has received a second acquisition offer after Savannah Clinker Ltd. expressed interest to acquire the ...