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 [...]
IMF Approves $650 Billion SDR Allocation of Special Drawing Rights
The International Monetary Fund (IMF) has approved a general allocation of Special Drawing Rights (SDRs) equivalent to $650 billion to boost global liquidity and will become effective on 23rd August [...]Impact Investors Put $2.3 Trillion in Social Environmental Projects in 2020
Impact investing continued to attract investors in 2020 as more people increased their awareness of climate change and socialchallenges affecting people around the world. The Global Impact Investing Network describes [...]UK's Caracal Gold Plc to Dual-list in Kenya this September
Caracal Gold Plc, a gold mining company, based in the UK, has appointed Faida Investment Bank as its financial adviser and joint broker as it plans to do a KSh [...]Boeing Q2 Revenue Surges to $17B, Driven by Higher Commercial Deliveries
Boeing reported a $17 billion revenue for the second quarter of 2021, up from $11.8 billion in 2020 Q2 following higher commercial deliveries. The company announced a profit of $567 [...]
