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 [...]5 Must Visit Art Galleries in Nairobi
Nairobi’s art scene is a growing hub for creativity, cultural expression, and global recognition. The capital city boasts of some of the most renowned art galleries in East Africa, showcasing [...]
Diaspora Inflows Dip by 2% in September
Money sent home by Kenyans living and working in the diaspora dropped by 2% in September compared to August partly owing to a slowdown in major economies. “The remittance inflows [...]Uganda-Tanzania Oil Pipeline Faces Funding Hitches
Climate activists opposed to the East African Crude Oil Pipeline (EACOP) have pressured six western banks to cease their funding pledges to the project, complicating its development. Now equity is [...]Kenya’s Economy in 2024: Challenges, Policy Shifts, and Investment Opportunities
Kenya’s economy in 2024 has been a story of shifting tides: a blend of economic pressures and growth prospects, policy recalibrations, and an evolving investment landscape. While the first half [...]Africa's Financial Markets Expand in 2024 on Economic Recovery Absa Group Survey
Africa’s financial markets have expanded at the fastest pace since 2017 due to the overall recovery of economies bouncing back from global shocks, according to a survey by Absa Group. [...]Nairobi Securities Exchange To Launch Options Derivatives Trading
The Nairobi Securities Exchange Plc (NSE) is set to introduce Options Derivatives trading on its Derivatives Market (NEXT) following approval from the Capital Markets Authority. The introduction will provide investors [...]US Approves $458mn Grant to Zambia as Race for Raw Materials Heats Up
Zambia and the United States (US) have signed a $491mn Zambia Farm-to-Market Compact to boost economic growth in the latter, in what is the latest in a series of deals [...]
JP Morgan CEO Jamie Dimon Meets President Ruto in Nairobi
President William Ruto met JP Morgan CEO Jamie Dimon at State House Nairobi, who had visited Kenya as part of his African tour, on Thursday. “Kenya has tremendous appeal as [...]Investors to Pay Mining Royalties at Cargo Loading Point
Investors in the mining sector will now be required to pay royalties at the point of loading the cargo, the Ministry of Mining, Blue Economy and Maritime Affairs has said. [...]Japan Loans African Development Bank US$ 421mn
The African Development Bank Group (AfDB) and the Japan International Cooperation Agency (JICA) have signed a landmark 51.67 billion Japanese Yen (US $421mn) concessional donor loan. We wouldn't have had [...]
