Kenya Leads East Africa with US$ 600 Million Worth of Deal Activity in 2023
Kenya led East Africa in deal activity in 2023, with a total of 96 deals worth US$ 600.3 million, followed by Tanzania at 12 deals worth US$ 285 million, and [...]
Ethiopia's Stock Exchange Surpasses Capital Target by 240%
Ethiopia's plans to launch a stock market are taking shape, after the Ethiopian Securities Exchange (ESX) announced it had surpassed its capital-raising phase by over 200%. The ESX kicked off [...]
DFC Approves a $500,000 Technical Assistance Grant to Pezesha
Kenyan digital lending platform, Pezesha, will improve its credit scoring technology after the sub-board of the Development and Finance Corporation approved a $500,000 technical assistance grant in the second quarter [...]LAPTRUST Imara I-REIT to Delay 2023 Financials Until May
Real estate investment trust LAPTRUST Imara I-REIT will delay the publication of its 2023 financials until May 31st 2024, following an extension granted by the Capital Markets Authority (CMA). According [...]
CBK Seeks KSh 65Bn in Merged April T-Bonds Tap Sale
Central Bank of Kenya (CBK) has invited investors to participate in the primary bond market through the re-opened two–year fixed coupon Treasury Bond tap sale, where the state fiscal agent [...]State of VC Funding in Africa 2023; Fintechs Get Lion's Share
The United States contributed the greatest share of VC Funding for startups in Africa last year, according to a VC report released this month. Macroeconomic challenges in the global market [...]CBK Collects KSh20.7 Billion at Weekly T-Bills Auction, 102.8% Subscription Rate
Central Bank of Kenya (CBK) accepted bids worth KSh20.7 billion at the weekly Treasury Bills auction out of KSh24.7 billion worth of bids received, and KSh24 billion offered to investors. [...]KCB Group’s Profit Drops to KSh 37.5 bn, No Dividend in 2023
KCB Group recorded a decline in net profit in 2023 with the lender linking the performance to bad debt and other costs. The ratio of non-performing loans (NPLs) dropped to [...]KCB to Sell National Bank of Kenya to Access Bank
KCB Group CEO Paul Russo has confirmed that the regional lender is in the process of selling its struggling subsidiary National Bank to Nigerian lender Access Bank. The board evaluated [...]National Bank Urges Calm after News of its Sale by KCB Group
The National Bank of Kenya (NBK) has downplayed its likely sale by the KCB Group assuring its customers that all was well and business operation was usual. “We want to [...]CBK Govt. Securities Trading Portal Wins Global Award
Central Bank of Kenya's (CBK’s) DhowCSD platform has been named the winner of Central Banking’s Payments and Market Infrastructure Initiative Award. CBK’s DhowCSD platform went live on July 31, 2023, [...]Moove Secures $100 Million Funding from Investors Led by Uber
Moove, a mobility fintech, has closed a $100 million funding in its Series B round led by Uber and other financiers. This infusion of capital is set to amplify the [...]
