[L – R]: MarketForce co-founders, Mesongo Sibuti and Tesh Mbaabu The funding round was led by V8 Capital Partners, a London and Lagos based African-focused investment vehicle. This latest round brings the total funds raised by MarketForce to date to $42.5 million. Ken Njoroge, co-founder and former CEO of Cellulant, also participated in the round […]
KEY POINTS The top loser of the day was Sameer Africa shed off 6.51 percent at the price of 2.44 shillings per share followed by TPS Eastern Africa (Serena) with a loss of 6.15 percent at the price of 12.20 shillings per share. Top Gainers The top gainer of the day at the Nairobi Securities […]
The revelation that 97 percent of stock trading accounts have been dormant for years should spur regulators and other stakeholders in the capital markets into action. It speaks to widespread investor apathy that comes on the back of disappointing returns, a major part of which can be traced to poor corporate governance among some Nairobi […]
Data expert with hands in digital financial sector for over a decade in East Africa, Hartnell Ndungi, advised bankers in Ethiopia to serve the huge Micro, Small and Medium Enterprises (MSMEs) in Ethiopia by starting small and slowly uncollateralized digital lending in partnership with IT companies. In Kenya there is no single bank that doesn’t […]
Kenyan billionaire investor John Kibunga Kimani. In 2018, Billionaire investor at the Nairobi Stock Exchange (NSE), John Kibunga Kimani, set up a foundation valued at Ksh93 million to give back to Kakuzi squatters, a society he spent his childhood in. At the time, Kibunga explained that he wanted to empower the community and dedicated his […]
African electricity data transparency is rather limited and low quality While data on Africa’s electricity systems is improving as new or updated national data sources are developed, Ember’s African Electricity Data Transparency report shows current data is limited. The independent climate and energy think tank put together the transparency report as a reference guide of […]
Business leaders representing the diverse resources throughout the continent of Africa gathered Wednesday morning to discuss the rapidly growing economies, global partnerships, and technological progress throughout Africa’s 54 countries. The forum, Northeastern’s inaugural African Business Conference, comes as the continent is set to emerge as a global economic force, according to the World Bank . […]
Subscription video-on-demand service Showmax has partnered with Safaricom #ticker:SCOM to offer a mobile plan as it targets to attract more customers. The firm, a subsidiary of MultiChoice, said the deal allows subscribers to watch their favourite shows for two months for the price of one using free Safaricom data. A subscriber will pay Sh389 for […]
Campaign dubbed ‘Nyakua Data Dabo Dabo’ aims at enabling prepay and postpay customers to do more with their data Nairobi, Kenya 15 th February 2022 … Safaricom (NSE: SCOM ) has today unveiled a new data campaign dubbed Nyakua Data Dabo Dabo , which will see customers enjoy 100% bonus data upon attaining their daily […]
A user with the latest mySafaricom App. FILE PHOTO | NMG When Safaricom became the first company in the world to launch a mobile money transfer platform in March 2007, the service was only accessible to the telco’s customers through a SIM card. The service, M-Pesa, grew rapidly as it made it relatively cheaper, faster, […]
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