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World Bank Group Invests $25 Million in Jumia to Expand Africa’s Digital Commerce – THISDAYLIVE
Business and Economy

World Bank Group Invests $25 Million in Jumia to Expand Africa’s Digital Commerce – THISDAYLIVE

• Targets 60,000 sellers, 1,800 direct jobs, 100,000 sales agents • Funding to strengthen digital payments across 8 African markets Emmanuel Addeh in Abuja and

Nigerian billionaire Femi Otedola has spent about $300 million buying bank shares this year raising his First HoldCo stake to 26% as he targets a 51% majority takeover
Business and Economy

Nigerian billionaire Femi Otedola has spent about $300 million buying bank shares this year raising his First HoldCo stake to 26% as he targets a 51% majority takeover

The buying spree is increasingly looking like more than a portfolio investment. Otedola, whose business interests have ranged from energy and power generation to

CASE STUDY | ‘The Kenya Government Brings 30 Million+ Academic Credentials On-Chain,’ Announces Avalanche – BitKE
Politics

CASE STUDY | ‘The Kenya Government Brings 30 Million+ Academic Credentials On-Chain,’ Announces Avalanche – BitKE

Kenya has launched a blockchain-based platform for verifying academic credentials through the Kenya National Examinations Council (KNEC) moving more than 30 million examination records onto

AfDB Invests $332 Million in Standard Bank to Expand SME Financing in South Africa
Business and Economy

AfDB Invests $332 Million in Standard Bank to Expand SME Financing in South Africa

The grant will help address barriers faced by women entrepreneurs by supporting the adoption of digital payment tools to build verifiable credit histories and providing

Foreign visitors to Kenya must have Sh6.5 million health insurance cover under new rules
Health/Eco News

Foreign visitors to Kenya must have Sh6.5 million health insurance cover under new rules

Kenya has gazetted new Social Health Insurance Regulations, 2024, making travel health insurance mandatory for all inbound visitors and setting a minimum insurance cover of

Nigerian-owned Caribbean bank takes Zambia to court in $40 million fight over failed bank investment
Business and Economy

Nigerian-owned Caribbean bank takes Zambia to court in $40 million fight over failed bank investment

Bank of Nevis International (BONI) has filed for judicial review against the Bank of Zambia, the country’s finance minister and attorney general, claiming regulators

 Trump Asks Supreme Court to Toss $83 Million Carroll Verdict
USA News

Trump Asks Supreme Court to Toss $83 Million Carroll Verdict

President Donald Trump asked the US Supreme Court to consider overturning an $83.3 million jury verdict against him in a defamation suit by the writer

12 Startups Get Sh13 Million to Scale Inclusive Education – Capital FM Kenya
Technology

12 Startups Get Sh13 Million to Scale Inclusive Education – Capital FM Kenya

NAIROBI, Kenya, Jul 25 – Twelve early-stage Kenyan education technology (EdTech) startups will each receive up to USD 100,000 (Sh13 million) in equity-free funding under

Billionaire erects $124 million gas terminal to challenge Kenya’s import duopoly
Business and Economy

Billionaire erects $124 million gas terminal to challenge Kenya’s import duopoly

The 30,000-tonne facility located at the Dongo Kundu Special Economic Zone is currently approaching completion, according to the Kenya Special Economic Zones Authority.

 Federal jury awards $13 million to family of man killed in crash with Houston police officer – Houston Public Media
USA News

Federal jury awards $13 million to family of man killed in crash with Houston police officer – Houston Public Media

Houston Police Department Surveillance video of the Dec. 26, 2021, crash involving Charles Payne and Houston Police Department officer Christopher Cabrera. After days of deliberation,