Tesla Vehicle Deliveries Hit 241,300 in Q3 2021
Tesla's electric vehicle deliveries in Q3 2021 has hit a record-breaking 241,300, a 20% growth since Q2 2021 and a 73% growth when compared to the same period last year. [...]
IFC to Loan KSh1.6 Billion to Gulf Trust Bank for SMEs
The International Finance Corporation (IFC) is set to lend $15 million (Sh1.6 billion) to Guaranty Trust Bank Kenya for onward lending to Small and Medium sized Enterprises (SMEs). The loan [...]KQ Doubles its Passenger Flights to the UK
Kenya Airways (KQ) has announced plans to increase the frequency of flights to London after Kenya was removed from the UK's red list. Kenya's state-owned airline will add four flights [...]
Unilever Approves Transfer of Stake in Limuru Tea to UK's TeaCo
Unilever Tea Kenya Limited's Board of Directors has approved plans to separate its tea business following a decision by its parent firm Unilever Group to separate its global tea business [...]Global Markets Weekly
Andela Raises $200 Million in Series E Funding Round
Software company, Andela has raised $200 million in its series E funding round, bringing its total valuation to $1.5 billion. After closing this Series E round, Andela has raised a [...]Facebook's 2Africa Undersea Cable Set to be the Longest Upon Completion
Facebook backed undersea cable, dubbed the 2Africa cable, is set to the the longest in the world upon completion, with the firm saying the cable will now extend to [...]United Airlines Signs Codeshare Agreement with South Africa's Airlink Limited
United Airlines has signed a codeshare agreement with South Africa's Airlink Limited, expanding its reach to southern African destinations like Madagascar, Mozambique and Victoria Falls. The deal adds connections to [...]Tala Announces KSh1 Million Grant for MSMEs
Digital Lender, Tala has announced lans to provide a KSh1 million grant to support Micro, Small and Medium Enterprises (MSMEs) that have been adversely affected by the global coronavirus pandemic. [...]China Bans All Crypto Transactions, Declares Them Illegal
China’s central bank has banned all financial transactions involving cryptocurrencies, declaring all of them, including bitcoin, illegal. The notice bans all related financial activities involving cryptocurrencies, such as trading crypto, [...]Airtel WorldRemit Partner for Customers to Receive Cash from 129 Countries for Free
Airtel has partnered with WorldRemit to allow its subscribers to receive money from 129 countries across the world, a move aimed at boosting the telco’s efforts to increase its share [...]Rolls Royce's All-Electric Airplane Takes to the Skies
Rolls Royce's all electric airplane, dubbed the Spirit of Innovation', took to the skies propelled by its 400kW (500+hp) electric powertrain with the most power-dense battery pack ever assembled for [...]
