Market Snapshots: Top Things To Know In The Global Markets This Week (31 July-4 August)
Last week, both the US Federal Reserve Bank and the European Central Bank hiked rates by 25 basis points and indicated that they are adopting a data-dependent approach to monetary [...]
FAO Reports that One in Five People Face Hunger in Africa
A Food and Agriculture Organization (FAO) study has revealed that one in five people across Africa face food shortage representing a figure twice the global average. On the global stage, [...]
M-PESA Expands Reach to Bangladesh and Pakistan with TerraPay Partnership
Safaricom Plc has partnered with TerraPay (Mobex Kenya) to enable over 32 million M-PESA customers to send and receive money to Bangladesh and Pakistan, reaching a combined population of over [...]
Elon Musk Internet Company Starlink Enters Kenya, Heightening Competition
Competition in the provision of internet services is expected to accelerate as Starlink (a satellite provider) associated with billionaire Elon Musk enters Kenyan market. Starlink, operated by American aerospace company [...]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 [...]Market Snapshots: Top Things To Know In The Global Markets This Week (17-21 July)
Last week, the dollar index (DXY) weakened 2.27% and closed at 99.59, a level last seen on April 2022. This was largely fueled by US inflation data which showed that [...]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 [...]British A. Robinson Appointed as Coordinator for Prosper Africa
The United States Agency for International Development (USAID) has announced the appointment of British A. Robinson as the new Coordinator for Prosper Africa, the U.S. government's flagship national security initiative [...]Tanzania's Lifezone Metals Makes Historic Debut on NYSE
Tanzania-based battery metals development company Lifezone Metals Limited became the first company from the East African nation to go public on a major US exchange. The company made its debut [...]
Despite Crypto Downturn, Celo Reinforces Focus on Web3 Advancements in Africa
In a time when the cryptocurrency market experiences fluctuations, Celo, a carbon-negative, mobile-first, EVM-compatible blockchain ecosystem, continues to prioritize the development of Web3 technology in Africa. The potential impact of [...]Standard Chartered Q2 Global Outlook Advice to Investors
Standard Chartered Bank (SCB) has released the Half- Two Global Market Outlook report dubbed ‘Keep CALM and carry on’ to guide investors on their next move. The report states unique [...]GPI Survey: Economies At Risk From Violence
Economies across the world are likely to be hit hard further if adequate measures are not put in place to tame increasing levels of violence emanating from either internal or [...]
