IMF Allocates SDRs Worth US$ 737.6 Million to Kenya
International Monetary Fund(IMF) has allocated US$ 737.6 Million worth of special drawing rights (SDRs) to Kenya. This follows an announcement this week by the Fund of $650 Billion, its largest [...]
Delta Airlines Orders 30 Airbus A321neos
Delta Airlines has placed an order for 30 additional Airbus A321neo aircraft, adding to its existing orders for 125 of the type. This brings its outstanding orders to a total [...]
Fintech firm DriveWealth Raises $450 Million
DriveWealth, the API-driven global brokerage firm registered with the U.S. Security and Exchange Commission said on Friday it had raised $450 million in its latest funding round, led by Insight [...]More Than 33% of Companies Worldwide Experienced Ransomware Attack in the Last 12 Months
A new survey by the International Data Corporation (IDC) found that more than 33% of organizations around the world suffered a ransomware attack that hindered access to systems or data [...]
MTN Group Posts $5.55 Billion Service Revenue in H1 2021
MTN Group has posted a $5.55 billion service revenue in H1 2021, representing a 2.1% growth, attributed to the strong growth of 25.5% in Ghana, 23.8% in Nigeria and9.3%in South [...]Cathay Pacific Posts $973 Million Loss in H1 2021
Cathay Pacific has posted a net loss of $973 million in the first half of the year (H1 2021), smaller than last year's $1.3 billion loss, occasioned by higher cargo [...]Kakuzi Plc picks Githu Muigai to Head its Human Rights Advisory Committee
Kakuzi Plc, an agri-business listed at both the Nairobi Securities Exchange(NSE) and the London Stock Exchange, has picked former Attorney General Prof Githu Muigai to head its newly established Independent [...]Alvin Mbugua Appointed Diageo's Head of Caribbean Central America Region
Alvin Mbugua has been appointed to head Diageo's operations in the Caribbean Central America region, with effect from 1st September 2021. He will be based in Panama, and lead37 [...]US Stock Market closes higher Amid Earnings, infrastructure bill voting
The US Stock market posted significant major gains on Thursday's session in expectations of the final voting on the $1.2 trillion infrastructure bill that could happen by Saturday according to [...]
Bolt Raises KSh78 Billion, its Valuation Hits $4.7 Billion
Ride-hailing company, Bolt has raised KSh78 billion, increasing the company’s valuation to more than $4.7 billion. Investors who took part in the funding include Sequoia, Tekne, Ghisallo, G Squared, D1 [...]Kenya UK Form Trade Logistics Information Pipeline
.Kenya and United Kingdom have formed a digital trade corridor that aims to eliminate paperwork and improve the supply chains between the two countries. TradeMark East Africa (TMEA) signed a [...]Unga Group to Partner with Dutch Animal Feeds Company
Unga Group, a leading animal feeds manufacturer in East Africa, plans to enter into joint venture agreements with the Dutch-based Nutreco, one of the world's biggest animal nutrition and aquafeed [...]
