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Starlink’s Game-Changing Move: How Rental Kits Are Set to Disrupt Global Internet Access

The world of internet connectivity is fast-evolving, Starlink, a division of SpaceX, is making strategic moves to expand its market presence. To accelerate adoption, Starlink recently launched rental kits, a significant shift in its strategy that could reshape the landscape of global internet access. The Push for Global Connectivity Starlink’s mission is ambitious: they aim…

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Mbridge Cbdc

Project mBridge Reaches Milestone, Unveils Global CBDC Platform and Seeks International Collaboration

Article Highlights: Born from the vision of central banks in Thailand, Hong Kong, China, and the United Arab Emirates, mBridge operates under the Hong Kong BIS Innovation Hub. It’s not a solo act. The project boasts an impressive roster of participants: Africa’s getting in on the action too. The Bank of Namibia, South African Reserve…

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Nse

Nairobi Securities Exchange Embraces the Future with Digital Asset ETPs Launch

The Nairobi Securities Exchange (NSE) is gearing up for a significant transformation. In a move reflecting the global shift towards digital finance, the NSE plans to introduce Digital Asset Exchange-Traded Products (ETPs) to its trading platform. This innovation promises to open up new investment avenues, offering both seasoned and novice investors the opportunity to diversify…

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Eldoret City

Eldoret’s City Status: A New Dawn for Residents and Investors

Eldoret’s recent elevation from a town to a city is more than just a change in designation—it’s a transformative moment with wide-ranging implications for its residents and those looking to invest in the region. This milestone is set to reshape the landscape, bringing opportunities and challenges that will define Eldoret’s future. Why Eldoret’s New Status…

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Bayer

Bayer Streamlines East African Operations By Partnering with Imperial Distributors

Bayer’s Transformation in East Africa Bayer has completed a major shift in its East African operations, transitioning its Pharmaceuticals and Consumer Health business models. This strategic move, effective May 1, 2024, involves outsourcing critical functions like transportation, warehousing, distribution, and customer support to Imperial Distributors. This allows Bayer’s Kenyan entities to focus on corporate affairs,…

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Sukkuk

The Inauguration of Linzi Sukuk Bond: A New Era for Islamic Finance in East and Central Africa

On July 31, 2024, the Nairobi Securities Exchange (NSE) saw a landmark event—the formal listing of the Linzi Sukuk bond. This event, attended by President William Ruto, marked the introduction of the first Islamic and Sharia-compliant financial asset on the bourse. This significant step reflects the commitment to diversifying investment options in Kenya’s financial market….

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Cbk Og Image

Investors Opt for Short-Term Gains as CBK Raises KSh 23 Billion Amid High Interest Rates

The Central Bank of Kenya (CBK) recently raised KSh 23 billion during its weekly auction, reflecting a cautious stance among investors. Despite high interest rates, there remains a strong demand for short-term securities, particularly the 91-day Treasury bills, which were oversubscribed. This trend highlights the market’s preference for short-term investments as a hedge against long-term…

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