The Capital Markets Authority (CMA) has approved the registration of the Arvocap Unit Trust Scheme under the Capital Markets Act and the Collective Investment Schemes Regulations of 2001. This scheme includes 10 sub-funds: “Collective investment schemes allow retail investors to easily enter the capital markets. They help grow the customer base and democratize wealth,” said…
Transferring money between African countries can be incredibly frustrating. High fees, poor infrastructure, and security risks plague both individuals and businesses engaged in intra-African trade. Fintechs, banks, and mobile network operators (MNOs) are striving to improve cross-border payments in Africa. Innovations like blockchain, real-time transfers, and better national settlement systems are paving the way for…
Family Bank received high praise for its digital innovation efforts. CEO Nancy Njau expressed joy over this recognition, seeing it as proof of their dedication to putting customers first in today’s fast-paced digital world. The bank recently won an award for exceptional customer service during the Innovation and Excellence Awards East Africa held at the…
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…
Next week, data experts from all over Africa will meet in Nairobi to talk about important issues and work together to improve data protection systems for the continent. This gathering, known as the 9th Network Of Africa Data Protection Authorities conference, aims to make more people aware of the importance of data protection and encourage…
In April, the cost of living, also known as inflation, went down from 5.7% in March to 5.0%, according to new data from the Kenya National Bureau of Statistics (KNBS). The food and non-alcoholic beverages index, which has the most impact, went down by 0.1% from March to April. Prices for sugar, loose maize grain,…
