Local non-bank financial services provider Sanlam Kenya has launched Flexi Hela, an innovative, flexible savings solution with a guaranteed return. The life savings product to be administered by Sanlam Life …
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- Banking, Finance & InvestmentEastern AfricaEconomyINVESTMENTSanlamUncategorized
- AfricaAgricultureAmazonBusinessSouth AfricaSouthern Africa
South Africa rooibos tea industry pays out to indigenous people
South Africa’s rooibos tea industry paid R12.2 million ($716,000) to groups representing indigenous people in the country. This payment is part of a benefit-sharing agreement to recognize the original cultivators …
Netflix has partnered with Microsoft to launch a cheaper subscription plan that includes advertisements, the firms said Wednesday, as the streaming giant fights to attract customers. Netflix opted to develop …
Safaricom has restructured $400 million worth of short-term credit facilities into medium-term loans in a process that saw part of the debt converted into local currency to ease pressure on …
Aliko Dangote, Chairman of Aliko Dangote Group is now the 63rd richest billionaire in the world, according to the latest ranking by Bloomberg. Chief Executive Officer of Tesla, Elon Musk, …
- AmazonBusinessEntrepreneurshipManufacturing & Consumer Goods
Henson Africa Announced Partnership In Furniture Distribution With Egypt’s MobicaHenson
Henson Africa has announced a distribution partnership with Mobica an Egyptian furniture system manufacturing company. Founded in 1979, Mobica has grown to be the largest furniture system manufacturer in the …
- BusinessTransportation & LogisiticsUBER
Leaked Uber Files reveals company executives uses incidents of violence against drivers
Leaked e-mails from Uber Files via their Bosses to their teams have revealed alleged discrepancies in functioning, ethical handling of grievance redressal and ‘potentially illegal’ tactics to help its global …
- AfricaBusinessMobile Telecommunications Network (MTN)Nigeria
MTN Foundation invests N1b on musical talent
MTN Foundation has invested about N1billion in the past 16 years in the Musical Society of Nigeria (MUSON), its Chairman, Prince Julius Adelusi-Adeluyi said during the 15th MTNF-MUSON Graduation Concert …
- AirtelNigeriaTechnologyTelecommunicationsWestern Africa
Airtel Africa settles senior debt of $450 million due in 2024
Airtel Africa disclosed Friday it has settled nearly half of its $1 billion guaranteed senior notes set for maturity in May 2024, barely a fortnight after it made a call for redemption to …
M-Pesa virtual Visa card is undercutting Kenya’s commercial banks with lower foreign exchange rates in the race to get a larger share of the country’s cross-border payments market. The virtual …