Money Market Funds Soar as Unit Trusts Cross Record KSh 300bn
The value of combined assets of Collective Investment Schemes (CIS), such as Money Market Funds and fixed income funds, has crossed the 300 billion mark for the first time in [...]
Weak Guidelines Deny Farmers Opportunities to Reap from Contract Farming
Contract farming is set to gather momentum as pressure piles on multinational food companies to address growing food demand and consistency in the supply chain, with delegates at the Inaugural [...]Morgan Stanley Adds Kenya Power, Two More Firms to Key Global Index
Morgan Stanley Capital International (MSCI) has added Bamburi Cement, Kenya Power and Carbacid Investments to the Frontier Markets Small Cap Index, increasing the companies’ visibility to global investors. The addition [...]Bongani Sithole on 54 Collective's Vision to Redefine Early-Stage VC in Africa
The Kenyan Wall Street recently sat down with Bongani Sithole, CEO of 54 Collective, one of Africa’s most active early-stage Venture Capital (VC) firms, at the Africa Fintech Summit. As [...]
Africa Will Be the Last Frontier for New Discoveries Through 2060- Rystad Energy
Africa will host the majority of new discoveries in the oil and gas sectors, a senior partner at energy intelligence firm Rystad Energy said at the start of Africa Energy [...]
Bolt Unveils Safety Campaign With a Commitment of KSh. 14bn Over Three Years
Bolt will commit Sh14 billion over three years to support raising awareness of the Bolt safety features and scaling preventative measures to help prevent safety cases before they happen. Bolt’s [...]
Brazil's Petrobas Pursues More Oil Gas Projects in Southern Africa
Brazil's national oil company Petrobas, is pursuing 10 oil and gas opportunities in Angola, Namibia, and South Africa. “As we increase production, we increase the need for reserves. Brazil has [...]Pakistan's Meezan Bank Joins the International Islamic Trade Finance Corporation
Meezan Bank, Pakistan's largest Islamic bank, has partnered with the International Islamic Trade Finance Corporation (ITFC), a member of the multilateral Islamic Development Bank Group (IsDB). The Letter of Credit [...]Starlink to Increase Capacity as Demand Soars in African Cities
Satellite internet provider, Starlink, has halted new residential and roaming subscriptions in Nairobi, Kiambu, Machakos, Narok, Murang’a, and Nakuru due to overcapacity in its bandwidth. Starlink’s CEO, Elon Musk, has [...]Kenya to Spend Ksh 648bn to Extend Standard Gauge Railway
The government is set to spend KSh 648 billion for the construction of phases 2B and 2C of the Standard Gauge Railway (SGR) in 2025 after meeting with a Chinese [...]54 Collective Founders' Safari: A Community Event About Building Connections for Future Growth
The 54 Collective Founder Safari was the first of three founder-oriented events scheduled for 2024. The investor hopes to take the concept to Cairo in early 2025, with additional events [...]Nigerian Fintech Moniepoint Raises US$110mn in Series C Round
Nigerian neobank Moniepoint has secured US$110 million in equity financing to expand its integrated financial platform and overall growth across its continental markets. “The proceeds from this raise will speed [...]
