Press Office

Multinational companies operating in Kenya will be compelled to disclose their financial records starting January next year in proposed changes by National Treasury aimed at eliminating tax avoidance. Treasury Cabinet …

Cryptocurrency exchange Binance has called for “global regulatory frameworks for crypto markets.” The company has also launched a “Crypto Is Evil” ad campaign featuring “10 Fundamental Rights for Crypto Users.” …

Airtel Africa PLC Tuesday said that three investors, Qatar Investment Authority (QIA), TPG, a U.S. private equity firm, and Mastercard have increased their investments in Airtel Money to $500 million. …

JUMO, a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by …

Elon Musk’s net worth rose by $24 billion to $335.1 billion Monday as the electric automaker’s shares jumped 8.5% in New York Tesla Inc.’s latest rally has blasted co-founder Elon …

The on-demand transport space in Africa has evolved since San Francisco-based ride-hailing firm Uber first set up operations in South Africa in 2013, setting the stage for its foray across …

A US government agency has delayed the disbursement of a $500million (Sh53.97 billion) loan to finance the entry of a Safaricom-led consortium into the Ethiopian telecoms market, citing uncertainty over …

Nigeria’s biggest bank by asset Access Bank said it has entered a binding pact to merge its Zambian unit with African Banking Corporation Zambia Limited in a planned reformation coming …

PayPal is close to taking over the visual discovery engine Pinterest. According to Bloomberg, the deal, which offers the fintech giant a way to venture into social commerce, could be …

Nigerian stocks advanced by 1.1 per cent or N237.1 billion on Thursday as investors continued to take a risk-off stance in equities, helping to build a positive atmosphere around the …