Nairobi Securities Exchange Gains KSh 420bn in Investor Wealth in 2024
Investors at the Nairobi Securities Exchange (NSE) were KSh 419.5 billion richer in the 10 months to October 2024 amid renewed market confidence, especially from domestic investors, as the market [...]
Mpox Outbreak: East African Community Deploys Experts, US Deploys Test Kits
The East African Community (EAC) has deployed its Rapidly Deployable Expert (RPE) Pool to help combat the ongoing Mpox virus outbreak in the region. These outbreaks pose substantial challenges to [...]
54 Collective Founders' Safari: A Community Event About Building Connections for Future Growth
The 54 Collective Founder Safari was the first of three founder-oriented events scheduled for 2024. The investor hopes to take the concept to Cairo in early 2025, with additional events [...]End of an Era as Botswana's Ruling Party Loses Power After 58 Years
The Botswana Democratic Party (BDP), which has governed the country since independence in 1966, has lost elections in a shock defeat that will reshape the southern African country as an [...]Ethiopia Launches Online Interbank Lending Platform
The National Bank of Ethiopia (NBE) has launched an electronic money market trading platform to allow for interbank lending, the apex bank said on Thursday. “This initiative enables banks to [...]Africa’s Rapid Urbanization Provides the Opportunity for Green Building Practices
Globally, buildings are responsible for a substantial share of energy, electricity, water and materials consumption using between 35-40% of energy demand and contributing 37 per cent of world carbon dioxide [...]
African Female Digital Content Creators Outpace Male Counterparts- Report
African women are leading the continent's digital content creation space, representing 53.2% of the creators while men stand at 46.8%, according to the Africa Creator Economy Report 2024. “The majority [...]AfDB Approves $8mn Loan for Zambia Solar Project
The African Development Bank Group (AfDB) has approved an $8 million concessional loan to support the construction of a 25MW Ilute Solar Photovoltaic plant in Zambia. This loan addresses the financial [...]Google Adds 15 More African Languages on Voice Search
Google has added 15 more African languages on Voice Search, typing with voice on Gboard and voice input on Translate. “The next decade is set to be Sub-Saharan Africa’s digital [...]Data Regulator Orders WPP Scangroup to Pay Former CEO KSh 1.95mn
The Office of the Data Protection Commissioner (ODPC) has ordered listed marketing and communications conglomerate WPP Scangroup to pay former CEO Bharat Thakrar Ksh 1.95 mn, in the latest in [...]Fitch Upgrades Ethiopia’s Credit Rating as Addis Cuts Domestic Borrowing
Fitch Ratings has upgraded Ethiopia’s credit rating, citing easing financing pressures coupled with improved macroeconomic stability. The upgrade of Ethiopia's LTLC IDR to CCC+' from CCC- reflects easing financing pressures, [...]Nigerian Fintech Moniepoint Raises US$110mn in Series C Round
Nigerian neobank Moniepoint has secured US$110 million in equity financing to expand its integrated financial platform and overall growth across its continental markets. “The proceeds from this raise will speed [...]
