Ethio Telecom to Kickstart Ethiopian Securities Exchange with 10% Listing
Ethio Telecom will be the first company to list on the Ethiopian Securities Exchange (ESX), the country's new bourse kicks off next week. Ethio Telecom enjoyed a virtual monopoly until [...]
Central Bank Lowers Interest Rate to 12%
The Central Bank of Kenya (CBK) has cut the benchmark lending rate by 0.75% to 12.00%, as expected, to support economic activity. “The MPC also noted the sharp deceleration in [...]
Demand for Startups' Reports by Investors Grows by 20% Amidst Cash Crunch
A survey done on investors and startup founders by Wimbart reveals that in 2024, 88.9% of investors determine the quality of African startups by the depth and regularity of their [...]Safaricom Revives Talks with Starlink as Competition Heats Up
Safaricom PLC has confirmed it is in talks with Elon Musk’s Starlink and other satellite companies, as competition heats up in its home market where it enjoys a dominant position [...]75, 000 Daily Registrations for Social Health Fund as Govt Defends Safaricom Deal
More than 1.5 million people have so far migrated to the Social Health Fund ahead of the October 1st deadline, with about 75, 000 people registering every day, the Ministry [...]Safaricom Increases Internet Speeds, Introduces 1000Mbps Platinum Package
Safaricom has increased internet speeds for existing home and business packages, introducing the new 1000mbps platinum plan at KSh 20,000 per month, according to a statement seen by The Kenyan [...]Kenyan Shilling Stable on Dollar Inflows
The Kenyan Shilling gained ground in the previous week against a weaker dollar, with the U.S. Federal Reserve's 50 basis points rate cut. On the international front, yields on Kenya’s [...]Acorn Holdings Bond to Delist from the NSE
Acorn Holdings, listed under the Fixed Income Securities Market Segment of the Nairobi Securities Exchange (NSE), is set to delist from the bourse after it opted for an early redemption [...]European Central Bank Cuts Rates to 3.5%
The European Central Bank (ECB) has cut its key interest rates by 0.25 percent in its meeting on Thursday, just days ahead of a much anticipated decision by the US [...]Nigerian Fintech Rise Finalizes Acquisition of Kenyan Startup Hisa
Rise, a Nigerian global investments startup, has completed its second acquisition in under one year after taking over Hisa, a Kenyan startup that facilitates stock trading. This acquisition aligns perfectly [...]Engineers Urge Better Deal, Inclusion into JKIA Adani Plans
The Institute of Engineers of Kenya (IEK) is calling upon the government to carefully evaluate its deal with Adani enterprises to upgrade JKIA and embrace transparency with relevant stakeholders. While [...]Kenyan Shilling Stable on Foreign Inflows
Last week, the Kenyan Shilling stabilized against the US Dollar, closing the week at KShs. 129.19. Similarly, the year-to-date performance rose to 13.1 percent, buoyed by marginal gains from large [...]
