News

Safaricom is making waves in the Kenyan financial market with its new money market product, Ziidi. This exciting venture, approved by the Capital Markets Authority (CMA), is set to revolutionize how Kenyans invest their money.

Imagine turning your smartphone into a gateway for economic transformation. That’s exactly what Uber has been doing in Kenya, according to their groundbreaking Economic Impact Report launched at the Fairmont Norfolk Hotel in Nairobi. The numbers are nothing short of […]

Fund managers are increasingly converting underperforming mutual funds into exchange-traded funds (ETFs) to attract new investments. This strategy has proven successful, with converted funds experiencing a significant boost in inflows.While this trend offers hope for struggling active managers, it’s not […]

Donald Trump has vowed to impose significant tariffs on Canada, Mexico, and China during his first day in office, targeting what he claims are these countries’ roles in the flow of fentanyl and illegal immigration into the United States. In […]

I&M Group has announced a significant interim dividend of Sh2 billion, to be paid out on January 14, 2025, to shareholders registered by December 16, 2024. This decision follows an impressive 18 percent increase in net profit over the first […]

Ghana and The Gambia are collaborating to launch a free-roaming initiative, which aims to enhance connectivity within West Africa. This move will allow mobile users from both countries to make calls, send texts, and use data without incurring additional roaming […]

President William Ruto has decisively canceled the planned Adani Group takeover deals involving the Jomo Kenyatta International Airport (JKIA) and the Kenya Electricity Transmission Company (Ketraco). During his State of the Nation address to Parliament, Ruto cited new evidence from […]

The Adani Group experienced a massive financial shock on Thursday, with shares losing approximately $28 billion (Sh3.6 trillion) in market value following US prosecutors’ charges against the group’s billionaire chairman, Gautam Adani. The allegations involve a complex bribery and fraud […]

Kenya is actively seeking financial support from international lending institutions to address its economic challenges. The country has recently secured a $200 million loan from the African Development Bank and is currently in negotiations with the World Bank for an […]

Egypt has taken a significant step in its privatization efforts by initiating the sale of a stake in United Bank, valued at up to $110 million. This marks the country’s first initial public offering (IPO) in three years and aligns […]