Trader’s View: Trading US Stocks, Indices and Currencies During Turbulent Periods
Last week, the US Federal Open Market Committee (FOMC) decided to keep interest rates steady, which was highly anticipated and had significant potential to impact financial markets. Prior to the [...]
Admaius Capital Partners Makes A Majority Equity Investment in Rwandan Telecom Towers Operator TRES
Admaius Capital Partners (“Admaius”), an Africa focused private equity investor operating across several growth markets, has today announced its majority equity investment into TRES Infrastructure Limited, the only local licensed [...]
Agritech Startup iProcure Placed under Administration
Agritech startup iProcure, which raised millions of dollars in funding, was placed under administration on April 26, the administrator said in a notice published in local dailies on May 1st. [...]Supporting the African tech ecosystem requires a mixed approach, with capital only one part of the solution
Equity capital is an important cog in the flywheel of the African tech ecosystem. However, it is not the defining ingredient that drives innovative entrepreneurship in the continent’s different markets. [...]
CBK Weekly T-Bills Auction Undersubscribed for the First Time in Months
The Central Bank of Kenya (CBK) Weekly Treasury Bills Auction underperformed for the first time in 8 months. Bids received by the fiscal agent at this week’s auction amounted to [...]
Two Rivers SEZ Opens Opportunities for American Companies to Thrive in Kenya
It's a big week here in Nairobi with the American Chamber of Commerce (AmCham) Business Summit welcoming hundreds of US companies and investors to the ‘Green City in the Sun.’ [...]
Microlender Real People Kenya Posts Net Loss of KSh 93M
Real People Kenya, a micro-lending financial solutions provider, widened its losses to KSh 93 million in 2023, from a net loss of KSh 85.3 million in 2022. Revenues declined to [...]Kenya to Receive US$ 500 Million from UAE
Kenya’s National Treasury and Economic Planning Ministry and ADQ, the largest Sovereign Fund in the United Arab Emirates (UAE) have signed a deal that will see the Fund pump up [...]Investors Bet on Naivasha's Green Energy, Infrastructure to Set Shop
Proximity to a green power generation plant and its access by both rail and road networks is setting Naivasha as the next big industrial hub in Kenya. The Japanese car [...]Interview: Opportunities and Expectations for 4th AmCham Business Summit
The upcoming 4th AmCham Business Summit, slated for April 24th and 25th in Nairobi aims to bolster trade and investment ties between the U.S. and East Africa. Additionally, the U.S. [...]Nation Media Group Sinks into KSh 205.7 Mn Loss
Kenya’s largest media house, Nation Media Group, has announced a loss of KSh 205.7 million in the full year 2023, from KSh 318.5 million profit in 2022. “As we embark [...]Trader’s View: 2024, Year of Gold (XAUUSD) and Nasdaq100?
2024 has kicked off all-time highs for Gold (XAUUSD), Nasdaq100, Bitcoin and other cryptocurrencies. The different asset classes have previously experienced significant selling pressure, especially from November 2021 to December [...]
