Two Kenyan Women Charged Over Unlicensed Investment Scheme, Securities Fraud.
Kenyan prosecutors on Wednesday charged two women with running an unlicensed collective investment scheme and fraudulently inducing the public to…
East African Breweries Sets Oct. 15 AGM, Proposes 8.70-Shilling Final Dividend.
East African Breweries Plc (EABL) will hold its 104th Annual General Meeting virtually on Oct. 15, where shareholders will vote…
Africa Go Green Fund Doubles Financing to Spiro Electric Motorcycles to $36 Million.
Africa Go Green Fund, a climate-focused debt fund managed by Cygnum Capital, has doubled its financing commitment to Spiro, an…
Absa Launches Ripple-Powered Digital Asset Custody for Institutions.
Absa Corporate and Investment Banking has launched Absa Digital Asset Custody, using Ripple’s custody technology to provide institutional clients in…
Money Laundering Risks Grow as Film Financing Becomes More Complex.
Film financing is facing greater scrutiny over money laundering risks as complex ownership structures, cross-border funding and fragmented production chains…
WIOCC Group Investment Gains U.S. Backing with DFC Committing Up To $155 Million.
The U.S. International Development Finance Corporation will invest up to $155 million in WIOCC Group, adding to recent backing from…
IMF Reviews Debt Sustainability Framework for Low-Income Countries, Keeps Discount Rate Unchanged.
The International Monetary Fund’s Executive Board completed a review of the joint IMF-World Bank Debt Sustainability Framework for Low-Income Countries…
Kenya Extends Payment Freeze on Policyholders of Three Insurers Under Statutory Management.
Kenya’s Policyholders Compensation Fund (PCF) has extended by two months a moratorium barring three insurers under its statutory management from…
The East African Community Revives Panel to Speed Capital Markets Integration.
The East African Community (EAC) has reactivated its capital markets sub-committee to speed EAC capital markets integration ahead of a…
JPMorgan Frontier Bond Index to Give Africa Nearly 45% Weighting.
JPMorgan is set to launch its long-awaited frontier-market local-currency government bond index by the end of September, covering nearly $330…