World Bank Pledges $12 Billion Boost for Kenya’s Journey to Upper-Middle-Income Status

In a significant stride towards achieving its upper-middle-income aspirations, Kenya has secured a substantial financial commitment from the World Bank. The global financial institution has pledged a whopping $12 billion over the next three years to support Kenya’s developmental initiatives. This financial injection, spanning from fiscal years 2024 to 2026, is set to catalyze the … Read more

Flutterwave Surges Forward with Legal Triumphs and Regional Expansion

UKRAINE - 2021/03/12: In this photo illustration the Flutterwave logo of a payments company is seen on a smartphone and a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)

Fintech Unicorn Overcomes Legal Hurdles and Expands Footprint Flutterwave, the fintech unicorn, is charging ahead despite recent leadership changes, with a focus on expanding its reach across the African continent. The company has successfully navigated legal challenges, securing a legal victory in Nairobi and obtaining a crucial license for expansion in Malawi. Legal Victory Paves … Read more

Kenya’s Blockchain Association Tasked with Drafting Initial Crypto Bill and Public Education Campaign

Kenya’s National Assembly’s Departmental Committee on Finance and National Planning has engaged the Blockchain Association of Kenya (BAK) to play a pivotal role in creating the country’s first draft bill on crypto asset regulation. Additionally, the committee has requested the association to spearhead a comprehensive public education campaign aimed at demystifying cryptocurrency trading. Key Points: … Read more

Kenya Will Return to International Capital Markets


In a strategic move, Kenya’s National Treasury has enlisted the expertise of Citi and Standard Bank as joint lead managers. Their mission: to explore potential international US$ capital markets funding and liability management options for Kenya. The Challenge Ahead: Tackling Eurobond Maturity With the specter of an intense squeeze on foreign exchange reserves in 2024, … Read more

Understanding the Cloud: Exploring the Differences Between IaaS and PaaS in Modern Businesses

In the ever-evolving landscape of cloud computing, businesses are presented with a myriad of options to meet their specific needs. Two prominent models, Infrastructure as a Service (IaaS) and Platform as a Service (PaaS), offer distinct advantages, catering to different aspects of the technology stack. In this exploration, we delve into the fundamental differences between … Read more

East Africa Faces Cereal Production Challenges Due to Erratic Rainfall and Insecurity

Overview: FAO Warns of Below-Average Cereal Production The Food and Agriculture Organization (FAO) has raised concerns about below-average cereal production in the East African region. Erratic rainfall patterns and insecurity are cited as key factors affecting the 2023 main season cereal crops. Mixed Production Prospects in Northern Subregion In the northern parts of the subregion, … Read more

Global Cocoa Market Set for Growth in the Next Four Years

The global cocoa market is poised for a significant upswing in the coming years, according to a recent market report by Allied Market Research based in Portland, Oregon. Driving Factors Rising Chocolate Demand Worldwide The report highlights the anticipated rise in market value, driven primarily by the increasing demand for chocolates worldwide, with a particular … Read more

Airtel’s Soaring Stocks: A Week of Remarkable Gains and Positive Sentiment

In a week that left investors buzzing with excitement, Airtel’s share price witnessed an impressive surge of 27.84%, solidifying its position as one of the week’s top-performing stocks. The positive sentiment surrounding the telecom giant translated into substantial gains, with investors reaping the rewards to the tune of N1.465 trillion by the week’s close. The … Read more

Kenya’s Inflation Inches Up to 6.9% in October: Unpacking the Numbers

Kenya’s economic pulse reveals a marginal uptick in inflation, standing at 6.9% in October compared to the 6.8% recorded in September. The Kenya National Bureau of Statistics (KNBS) delves into the details, shedding light on the factors steering this nuanced economic trajectory. Food Takes the Spotlight The Food and Non-Alcoholic Beverages Index witnessed a 1.3% … Read more

Almouneer Scores $3.6 Million to Transform Healthcare in Nigeria and Beyond

Egyptian healthcare startup Almouneer has hit the jackpot, raising a whopping $3.6 million in a seed round led by Global Ventures. The funding extravaganza, which also featured investors like Wrightwood Investments, Proparco, and Digital Africa through the Bridge funds, is set to catapult Almouneer into new horizons, including the vibrant healthcare landscape of Nigeria. Chronic … Read more