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Safaricom Dividend Sparks Record NSE Rally as Investor Wealth Hits KSh 3.2 Trillion
Logistics Firms Africa Global and Yusen Logistics Launch East African Joint Venture
Africa Global Logistics (AGL) and Yusen Logistics have launched Yusen Africa (East Africa) Limited, a new joint venture company headquartered in Nairobi, just weeks after securing regulatory approval.
Safaricom's Market Valuation Briefly Crosses US$ 10bn
Safaricom declared a record interim dividend of KSh 0.85 after bumper profits, sending its shares to a three-year high and briefly above a US$10bn valuation.
Why All Bank Deposits Are Taxable Unless Proven Otherwise
KRA is entitled to treat all money flowing into a company’s bank account as taxable income, unless the taxpayer explains otherwise, the Tax Appeals Tribunal has ruled.
Standard Group’s KSh 1.5 Billion lifeline hits pause after 18 months
Standard Group Plc has suspended its previously proposed KSh 1.5 billion rights issue, putting its flagship recapitalization plan on hold.
Afreximbank Commits US$ 8bn to its Newest Member South Africa
South Africa has acceded to the Establishment Agreement of the Afreximbank, becoming the multilateral lender's 54th member state.
Nigeria Targets Continental Fintech Dominance with New Regulatory Framework
The CBN’s strategy integrates innovation policy, financial inclusion, systemic risk oversight, and cross-border expansion into a single coordinated framework
Asset Manager Lofty Corban Launches Private-Debt Focused Special Fund
The Lofty Corban Private Debt Special Fund will invest primarily in commercial paper and privately originated credit opportunities, offering capital to businesses and organisations
Kenya’s Global Business Outsourcing Firms Form Sector Alliance
Major business outsourcing operators in Kenya have launched the The Outsourcing Alliance of Kenya (OAK), a unified private-sector coalition dedicated to accelerating Kenya’s growth as a global hub for business services.
Finance Platform LemFi Launches Remittance Services in Australia as Global Expansion Continues
US President Trump Signs AGOA Extension, Pushes for More Market Access
The United States has extended the African Growth and Opportunity Act (AGOA) trade preference programme to December 31, 2026