Moderna to set up its first African vaccine facility in Kenya worth $500 Million
American pharmaceutical and biotechnology company Moderna, Inc. has announced plans to build its first African mRNA jab-manufacturing facility in Kenya at a cost of $500 Million. The company said it [...]
Murban Oil Prices rise sharply to $ 119.23 as Russia-Ukraine conflict heightens
Murban oil prices rose to US$ 119.23 per barrel on March 3 compared to US$ 100.65 per barrel on February 24. According to Central Bank of Kenya(CBK) Weekly Bulletin, Commodity [...]
Branch International picks Kenya As its Pan-African Digital Bank launchpad
Branch International, a global digital financial solutions provider has outlined plans to roll out a true Pan-African digital bank with Kenya as its launch pad. Branch International, best known for [...]IATA Projects Air Passenger Numbers to Hit 4 Billion in 2024
The International Air Transport Association (IATA) projects overall air passenger numbers to hit 4 billion in 2024, exceeding pre-COVID-19 levels (103% of the 2019 total). Although overall traveler numbers in 2021 [...]Smile Identity Launches Enhanced Document Verification in Africa, Europe and North America
From lending to remittances, digital banking to cryptocurrency trading, African businesses and platforms have experienced a surge in demand on the continent and from the diaspora alike, reinforcing the need [...]
Global markets rebound slightly on easing of Ukraine-Russia tensions
Major US stocks posted slight gains at Tuesday and Wednesday mainly driven by positive sentiment pushed by a slight easing of tensions at the Ukraine-Russia border. US President Joe Biden [...]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 [...]
