Eastern Africa

Britam Holdings has posted a net profit of Sh667.5million for the half-year period ending June 30, a 77 per cent jump from Sh376 million posted in a similar period last …

A Kenyan High Court has frozen an additional sum of $3.3 million (Sh400.6 million) belonging to Nigeria’s fintech Unicorn Flutterwave over allegations of money laundering and card fraud. This comes …

The Competition Authority of Kenya(CAK) has approved the conversion of loans advanced by three foreign firms to internet and pay TV provider, Wananchi Group into equity shares. The companies, Triple …

Kenyan founded Pan-African embedded finance Fintech Pezesha has raised a pre-series A funding round of $11 Million in a mix of $6 million equity and $5 million debt. The round …

Ethiopia aims to wean local millers off state budgetary support and improve local production by selling eight sugar factories. This week, the government announced  Ernst& Young LLP will advise on the …

SportPesa has been awarded a license to operate in the current financial year ending June 2023, ending years of regulatory and court battles pitting the firm against the Betting Control …

The Energy Meter Assemblers and Manufacturers Association is protesting being locked out of the procurement of power distribution products by energy utility firm Kenya Power. The Association in a letter …

Leading financial services group Absa Bank Kenya reported its financial results for the half year period ended June 2022 with net profit growing by 13 percent to Sh. 6.3 billion …

The Rockefeller Foundation, an American private foundation, and philanthropic medical research and arts funding organization launched a new $5.5 million partnership with e-GUIDE and Atlas AI to encourage climate-resilient infrastructure investment and speed …

The National Hospital Insurance Fund (NHIF) has dropped its bid to have workers earning more than Sh100,000 pay more in monthly contributions, easing the financial strain on top earners and …