UK's Caracal Gold Plc Raises US$ 2.7 Million for Kilimapesa Mine in Kenya
Caracal Gold Plc, UK-based Mining firm said Monday that it has raised US$2.7 million via a share placing, and will use the money for the Kilimapesa gold mine in Kenya. [...]
Co-op Bank in deal with IFC to Fund HealthCare Equipment Purchase
Co-op Bank has linked up with the International Finance Corporation (IFC) to provide credit to healthcare firms at friendly terms. Those targeted are clinics, hospitals and laboratories with a maximum [...]CBK Takes Plunge into Digital Currency Space
The Central Bank of Kenya (CBK)has finally taken a plunge into the deep waters of digital currency after stalling for a while. Kenya's monetary authority is inviting comments from the [...]EU Launches $171 Billion Investment Plan for Africa
The European Union (EU) has launched a $171 billion investment plan for Africa that will include private sector investments as well as funding from the Union institutions and member countries to [...]
BasiGo Secures US$ 4.3 Million for its Electric Bus Business
BasiGo, a Kenyan electric bus company has announced a US$4.3 million Seed funding round, led by Novastar Ventures with participation from several Silicon Valley investors including: Moxxie Ventures, Nimble Partners, [...]Branch Acquisition of Century MFB gets CBK approval
Branch International , a fintech enterprise has welcomed the approval from Central Bank of Kenya (CBK) for its plan to acquire Century Microfinance Bank. Branch International Limited, a digital lending [...]Mauritius Holdings Acquires 73% Stake in Key Microfinance Bank
Mauritius Holdings Limited(LOLC Mauritius) has acquired a 73% stake in Key Microfinance Bank(Key MFB) by Mauritius firm, says a bulletin from the Central Bank of Kenya(CBK), effective January 1st, 2022. [...]Tourism Boost as Australia Set to Reopen its Borders after 2 Years
Australia has announced plans to reopen its borders to vaccinated tourists with effect from 21st February 2022, ending a two-year-long pandemic travel restriction. The country's borders slammed shut in March [...]Nissan Alliance to Invest $25.7 Billion in Electric Vehicles
The Nissan auto alliance (Nissan, Renault and Mitsubishi) has announced plans to invest $25.7 billion in electric vehicles over the next five years, marking the latest massive cash injection into [...]Record Week for Big tech as US Markets finish best week for 2022
Major stock markets in the United States on Friday closed mostly higher to finish their best week of the year, as continued strength in earnings reports extended the tech-led rebound [...]
Century Microfinance Bank Acquisition by Branch International gets Treasury Approval
Century Microfinance Bank Limited acquisition by Branch International, a startup fintech, has received approval from the National Treasury.. In a legal notice dated 24th January 2022 and signed by Treasury [...]Moody's Acquires 51 % Stake in Africa's Leading Rating Agency, GCR
Moody’s Corporation announced that it has agreed to acquire a majority (51%) stake in Global Credit Rating Company Limited (GCR). GCR is a leading credit rating agency in Africa with [...]
