EX.IO Group and real-world asset investment platform Oria have formed a strategic partnership to explore consumer-finance opportunities in emerging markets, with a focus on tokenizing credit assets and developing regulated channels for their issuance and distribution. The partnership will initially focus on credit assets sourced by Oria in Latin America, with EX.IO Group supporting the […]
Read MoreAfrican Export-Import Bank and the Development Bank of Southern Africa have established a joint facility that could provide up to $20 million to prepare infrastructure and industrial projects in South Africa and the wider Southern African region for investment. Under the agreement, known as the Joint Project Preparation Facility (JPPF), each institution can contribute up […]
Read MoreMore than 2,000 African and global business leaders and heads of state are expected in New York on Sept. 20-21 for Unstoppable Africa 2026, the flagship event of the Global Africa Business Initiative. The fifth edition of the forum will bring together government officials, investors, executives, entrepreneurs, policymakers and representatives from the creative and sports […]
Read MoreBank of Baroda (Kenya) Limited said it continues to operate normally in Kenya, rejecting reports that it was closing its operations and advising customers to rely on official communications for information about the bank. In a clarification circulated publicly, the bank said reports alleging the closure of its Kenyan operations were “false and misleading” and […]
Read MoreKenya Power and Lighting Company Plc reported revenue of KSh238.24 billion for the year ended June 30, 2026, up from KSh219.29 billion a year earlier, while profit after tax rose to KSh24.89 billion, according to the company’s audited financial results. The Kenya Power financial results 2026 show continued growth in electricity sales, although higher operating […]
Read MoreNCBA Group has introduced an end-to-end private motor insurance service on its LOOP app, allowing customers to compare quotes, complete underwriting, buy cover, renew policies and access documents on one platform. The NCBA motor insurance offering was developed by LOOP Digital Financial Services and NCBA Insurance as part of the banking group’s efforts to expand […]
Read MoreRwanda’s capital markets regulator said it is working with stakeholders to help Rwandan investors take part in the initial public offering of Nigeria’s Dangote Petroleum Refinery, as demand for Africa’s largest share sale grows across the continent. The Capital Markets Authority (CMA) of Rwanda said in a public statement it had seen “strong interest” from […]
Read MoreThe European Bank for Reconstruction and Development (EBRD) has signed a $50 million (€43.1 million) cross-currency swap agreement with the Co-operative Bank of Kenya, the first such deal to use Kenya’s new interbank reference rate, KESONIA, the EBRD said. The agreement is designed to expand access to financing denominated in Kenyan shillings and marks the […]
Read MoreKarakuta Fresh Produce Ltd, a Kenyan exporter of avocados and fresh organic herbs, said on Thursday it intends to list on the Nairobi Securities Exchange (NSE) by introduction, subject to regulatory approval, as part of a plan to widen its investor base and expand into new export markets. The company said the planned Karakuta Fresh […]
Read MoreKenya’s High Court has declared void the government’s sale of a 15% stake in Safaricom PLC to Vodacom Group, ruling the transaction unconstitutional and ordering the shares returned to the state, with both sides now appealing the decision. A three-judge bench comprising Justices Francis Gikonyo, Roselyne Aburili and Tabitha Ouya found the partial divestiture unconstitutional […]
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