Kenya's Export Earnings From African Market Rise To Sh100.2B
Africa remains Kenya’s major export destination as latest figures from Kenya National Bureau of Statistics (KNBS) for the January to March period also on the contrary states that Kenya imports [...]
Service Sector Fires East Africa’s GDP Growth to 4.4% in 2022
The service sector in East African countries is emerging as a strong contributor to growth of the economies with potential of even doing better compared to other traditional performers such [...]East Africa To Register Highest Economic Growth in 2023/4
East Africa will register the highest regional economic performance on the continent in 2023 and 2024, with growth figures at over 5 percent, according to the newly published African Development [...]ATIDI Insures EUR 300 Million Loan for Tanzania’s Projects
African Trade and Investment Development Insurance(ATIDI) has insured a EUR300 million loan facility issued by Deutsche Bank AG to the Government of Tanzania.The facility will finance several infrastructure projects included [...]
EABL Records a 21% fall in Net Profit to KSh 12 B as Taxes Bite Hard
East African Breweries Limited(EABL) posted a 21% decline in its net profit for the full year ended 30th June 2023 to KSh 12.32 billion. The listed brewer also cut is [...]Kenya Among ‘Big 4’ Private Capital Destinations in Africa KIFC Report
Kenya is listed among the Big 4 that also includes Egypt, Nigeria and South Africa-as the giants of Africa’s silicon savannah, continually attracting the lion’s share of both private capital [...]Kenya Reaps Big from Europe’s Fresh Produce Market
Kenya is currently the leading supplier of basil, an aromatic herb, to Europe which sources 80% of its supplies for the fresh produce market, from Kenya. This is after hot [...]TransUnion Picks Kamakil As CIO for Kenya, East Africa
TransUnion Africa has announced the appointment of Aron Kamakil as the Chief Information Officer (CIO) of the company’s rapidly-growing operations in Kenya, Zambia, Botswana, and Malawi. “Aron brings rich expertise [...]AfCFTA in USD6 billion deal to finance Africa’s SMEs
The Africa Continental Free Trade Area (AfCFTA) Secretariat has signed a multi-million deal agreement with UBA to support Small and Medium Enterprises (SMEs) in Africa. In a deal signed in [...]iProcure in Elaborate Plan to Accelerate its Expansion in Kenya East Africa
iProcure, a Kenyan-based agtech firm, has received a grant of US$ 1.2 million in addition to funding of US$ 9 million, Series B, that it intends to use to support [...]The Telecommunications Greenfield Conundrum
For most businesses, expansion, especially to a new geographical area is both an exciting but also expensive and nerve-wrecking process. As the global economy is shifting and changing, due to [...]Capital Markets Fintech Group 42Markets secures $10M capital from Convergence Partners and 14 DFIs
42Markets Group, the financial and capital markets fintech investment group, has secured $10 million in growth funding from Convergence Partners, a leading private equity investor dedicated to the technology sector [...]
