Meta has announced new strategies for Kenya to curb the spread of misinformation on its platforms ahead of the general election slated for August 9. The tech giant says advertisers …
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Eastern Africa
Global demand for electricity is slowing sharply this year due to sluggish economic growth and runaway energy prices and the trend will likely continue next year, the International Energy Agency …
Catalyst Fund has raised $3.5 million from FSD Africa, seeking to accelerate and scale Pre-Seed Impact Ventures in Africa. With FSD Africa’s backing, Catalyst Fund will invest and offer hands-on …
The United Nations has asked Kenya and other developing countries to regulate and tax the cryptocurrency industry to limit exposure to the meltdown in the crypto market and risks of …
Kenya-based CrossBoundary Energy Access (CBEA), a mini-grid infrastructure fund has announced completion of a $40 million equity investment from Norfund, the Norwegian Investment Fund for developing countries, and KLP, Norway’s …
The International Finance Corporation (IFC) is channelling billions of shillings into Kenyan small businesses and women-owned enterprises through strategic loan partnerships with banks, plugging a gap in the local credit …
Tobacco manufacturer BAT Kenya Plc has posted a Sh2.9 billion net profit for the first half of the year, a 7.4 per cent growth compared to Sh2.7 billion posted in …
The United States is demanding that the Kenya Revenue Authority (KRA) spy on American firms and investors for money laundering and tax evasion as a condition for a trade deal …
The International Monetary Fund (IMF) has approved a 40-month $1.04 billion credit facility to Tanzania to catalyze growth and withstand spillover effects from the war in Ukraine. Following the approval …
Chinese technology firm, Huawei, has said it will support Kenya to boost its cyber security amid growing threats of digital attacks. Maureen Mwaniki, the Vice-Director of Programs Management at Huawei …