Dubai-Based Imperial Citizenship sets its newest venture in Africa targeting wealthy investors. Imperial Citizenship, a firm based in Dubai that specializes in helping investors get a second citizenship or residency through investments, has opened a new office in Lagos, Nigeria. This move aims to take advantage of Africa’s growing population of wealthy individuals looking for…
Mitsumi Distribution’s Big Move to Boost AI in Kenya’s Healthcare Industry is something to take note of. Mitsumi Distribution is a major player in IT, telecoms, and enterprise distribution across Africa and the Middle East, is leading the charge in making the region fully AI-capable. In a groundbreaking move aimed at expanding AI adoption across…
The Nairobi Securities Exchange (NSE) saw a remarkable increase in its market capitalization, reaching KSh 1,766.95 billion by the end of Q1 2024. This surge marked a 22.79 percent rise from KSh 1,439.02 billion in Q4 2023. The Capital Markets Authority (CMA) attributes this growth to intensified trading activities, evident in the NSE’s equity turnover…
Kenya has unveiled four Karibu Business Centers nationwide, offering streamlined interactions with government agencies regarding investments, industry, and trade, ensuring prompt resolution of queries and issues. These centers cater to aspiring entrepreneurs and industrialists seeking to expand or establish businesses in Kenya. They provide advisory services on investment, manufacturing, trade policies, and more to entrepreneurs,…
KCB struck a significant deal with the Bill & Melinda Gates Foundation and the European Investment Bank, securing €30 million (approximately Sh4.2 billion) in funding aimed at supporting women entrepreneurs and startups in Kenya. The funds are earmarked for dispersal through KCB’s Female-Led and Made Enterprises (FLME) initiative and the KCB Foundation’s 2jiajiri program. FLME,…
Its hard to believe there was a time before everyone had smartphones in Africa? Back then, if you weren’t using cash or trading goods, you were probably relying on postal services for transactions. But now, with the rise of mobile technology, things have changed dramatically, especially in finance. Artificial Intelligence (AI) is the new player…
At the latest Government Securities Auction, Treasury Bills saw a tiny drop in the interest rates offered by the Central Bank of Kenya (CBK). This is the first time we’ve seen this happen in 24 months! CBK got bids totaling KSh 28.5 billion at the Weekly T-Bills auction. That’s against KSh 24 billion offered at…
Great news for Kenyan flower farmer as The United Kingdom has decided to suspend export tariffs for cut flowers, giving a big boost to Kenya’s flower sub-sector. This move aims to make trade easier and cheaper for growers in East Africa and beyond. As of today April 2024, unlimited quantities of flowers can be exported…
