South Korean financial technology and regulatory technology company Tomoarrow said it has launched an electronic identity verification system designed to let international users confirm their identities without locally issued documents. The product, called TomoIDV, is aimed at businesses that need to verify customers who live, work, study or travel outside their home countries, the company […]
Read MoreSouth Korea’s government has proposed a new Future Response Fund worth more than 100 trillion won ($70.7 billion), funded by windfall tax revenue from a semiconductor boom, prompting warnings from economists and lawmakers about weakened parliamentary oversight. The Ministry of Planning and Budget outlined the plan, called the Future Response Fund Promotion Plan, at the […]
Read MoreFlame Tree Group Holdings (FTG Holdings) returned to profitability in the first half of 2026, with revenue rising 11.6% and operating profit more than doubling, the Nairobi Securities Exchange-listed manufacturer said on Thursday. The diversified African manufacturing group reported revenue of 2.315 billion Kenyan shillings ($18 million) for the six months to June 30, 2026, […]
Read MoreNational Bank of Kenya (NBK) reported a 61% rise in profit after tax for the six months ended June 30, 2026, to 1.72 billion Kenyan shillings ($13.3 million), the lender said in a statement, citing stronger income and lower credit losses. The Access Bank PLC subsidiary posted profit after tax of 1.07 billion shillings in […]
Read MoreCitibank Kenya will shut its Mombasa branch on Nov. 30 and shift all corporate banking operations to its Nairobi headquarters, the U.S. lender said in a public notice, as part of a wider push to digitize its services in the country. Citibank said the transition has received all required regulatory approvals and forms part of […]
Read MoreNamibia will host a major African energy summit in Windhoek this October, organizers said, as the continent seeks to attract billions of dollars in investment to close a power gap they say costs Africa $130 billion a year. The International African Energy, Oil and Gas Summit (IAEOGS) 2026 will run from October 20 to 24 […]
Read MoreLesotho is hosting a three-day summit of African government officials and state enterprise executives this week aimed at strengthening corporate governance standards at state-owned enterprises (SOEs) across the continent, organizers said. The Africa State-Owned Enterprises Corporate Governance Summit, running from Aug. 24-26 in the capital Maseru, has drawn cabinet ministers, senior officials, SOE leaders and […]
Read MoreSouth African financial services group Discovery said on Wednesday it expects headline earnings per share to rise by between 31% and 36% for the year ended June 30, 2026, according to a trading statement filed with the Johannesburg Stock Exchange. The forecast builds on a strong prior-year base, with headline earnings reaching 9.6 billion rand […]
Read MoreBeldex, a privacy-focused blockchain ecosystem, said on Tuesday it had raised $8 million in a new funding round to expand its privacy infrastructure for Web3 applications and artificial intelligence. The round was led by Sigma Capital, with participation from NTC, Nxgen, Digital Consensus Fund and EAK Ventures, the company said in a statement. Beldex, which […]
Read MoreKenya’s pension industry assets under management rose 25.13% to a record 3.17 trillion shillings ($24.5 billion) in the year to June 2026, driven by a rally in listed equities and government securities, industry data showed. Total pension assets climbed from 2.53 trillion shillings in June 2025 to 3.17 trillion shillings a year later, an increase […]
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