Yellow Card raises US$33mn in Series C round to fuel expansion
Yellow Card, an African Cryptocurrency startup, has closed its Series C round after raising US$33 million from different investors led by Blockchain Capital. “This fundraise not only demonstrates our resilience, [...]
Banks Tax Contribution Up Ksh 190.3 Bn Despite Growth in NPLs
The Kenyan government is more reliant on tax contribution of banks compared to Tanzania; a new report by Kenya Bankers Association shows. “This means that compared to the Tanzania government, [...]MSMEs Choke under Ksh 70 Billion Pending Bills, Overregulation Kenya Bankers
Banking sector has raised alarm over pending bills and overegulation as key threats to Kenya’s Micro, Small and Medium Enterprise (MSME) sector. As at June, 2024, the scheme had over [...]Best Beaches in Kenya: A Paradise for Digital Nomads
While most travelers flock to famous beaches like Diani and Watamu, Kenya offers a wealth of lesser-known, pristine beaches ideal for every type of traveler. These hidden gems, each with [...]
Best Hotels in Nairobi for Nature Lovers
Nairobi offers a truly unique travel experience, blending urban sophistication with the untamed beauty of nature. Imagine waking up at the Best Hotels in Nairobi to the sounds of exotic [...]East Africa Growth Holdings to Acquire an Extra 5% of IM Bank
East Africa Growth Holding (EAGH) is set to acquire 86.5 million shares of IM Group following a subscription agreement approved by the board of directors of IM. EAGH is willing [...]Kenya's Cyber Attacks Rose by 16.5% Between April and June
Between April and June this year, the Kenyan Cyber space recorded more than 1 billion attacks compared to the 971.4 million threats recorded in the preceding quarter. Malware attacks fell [...]Uganda Signs SGR Deal with Turkish Firm
The government of Uganda has signed a US$2.95 billion deal with a Turkish company Yapi Merkezi to construct a 272-kilometer section of the Standard Gauge Railway (SGR) on Monday. [...]Ethiopia's Central Bank Imposes New Policy on FX Spreads, Commission Fees
The National Bank of Ethiopia (NBE) has mandated financial institutions in the country to separately include their forex trading spreads in their daily posted rates to enable transparency. “It is [...]After Fare Hike, Bolt Seeks Long-Term Solutions
Ride hailing App Bolt has kicked off the search for long-term solutions to solve the business disruptions occasioned by drivers striking over rates charged on the platform. “Most of these [...]Central Bank of Kenya Upgrades to Global Standard for Bulk Payments
The Central Bank of Kenya (CBK) has migrated the Kenya Electronic Payment and Settlement System (KEPSS) to the Global Messaging Standard (ISO20022 Standard). “The milestone of this migration is a [...]Glaring Gender Gap Rocks Postal and Courier Industry-CA
Employment in Kenya’s postal and courier business is heavily skewed towards men, whose numbers have been more than double that of women since 2020, according to the Communications Authority of [...]
