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SportPesa co-founder Ronald Karauri-backed insurer captures 25% of Kenya’s $22 million matatu market as Ruto-linked rival loses nearly half its share
The company’s premiums from matatus and other commercial passenger vehicles increased more than fivefold to approximately $5.6 million (KSh727.05 million), from about $1 million
Kenya opens $1.17 billion Mombasa and Lamu port concession programme to private investors as state operator commits $60 million
The programme covers assets at the ports of Mombasa and Lamu, as well as inland container depots serving Kenya and the wider East African
Kenya seals $160 million conservation deal backed by US billionaire heirs
Kenya’s government and a group of donors have signed a $160 million conservation programme aimed at protecting 173,000 square km (17.3 million hectares) of some
Kenya unveils a new USD 160 million climate and conservation project
Kenya is rolling out a US$160 million landmark national initiative for long-term financing of conservation projects needed to conserve the country’s natural heritage while supporting
One Million Children are Missing Out on Early Learning, South Africa’s Leaders Unite to Change That
Bana Pele Summit speakers. Around one million South African children aged three to five still miss out on early learning, leaving many, particularly from poorer
World Bank, IMF Warn of 800 Million Global Jobs Deficit
The projection represents a slowdown from 3.5 per cent growth in 2025, while the global economy is expected to recover to 3.4 per cent in
CRDB Bank inks USD 75 Million long-term financing facility
CRDB Bank has signed a USD 75 million long-term financing facility with the Dutch Entrepreneurial Development Bank and launched its Sustainable Development Impact Disclosure Framework.
Sen. Raphael Warnock Secures $97.1 Million in Federal Funding for HBCU STEM Programs
Sen. Raphael Warnock announces $97.1M in DoD grants for STEM programs at 10 HBCUs, funding labs, research, and scholarships nationwide. Georgia Sen. Raphael Warnock has
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
The buying spree is increasingly looking like more than a portfolio investment. Otedola, whose business interests have ranged from energy and power generation to