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What Kenya’s Medium-Term Plan IV (MTP IV) 2023 Means for Citizens
Kenya’s Medium-Term Plan IV (MTP IV) 2023–2027 is a strategic roadmap aimed at promoting inclusive growth through a bottom-up economic transformation agenda. Key goals include poverty reduction, job creation,…
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M-PESA Role in Transforming Africa’s Financial Landscape
M-PESA Africa recently marked its 17th year in operation, celebrating a journey that began in 2007 as a mobile money service in Kenya. It has since grown into Africa’s…
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The Impact of High-Interest Loans on SMEs in Nigeria
The impact of high-interest loans on Small and Medium Enterprises (SMEs) in Nigeria cannot be overstated, as highlighted by the National Institute of Credit Administration (NICA). With the SME…
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Airtel Africa’s Potential IPO, Value in Airtel Money
Airtel Africa is contemplating an initial public offering (IPO) for its mobile money unit, Airtel Money, with reports suggesting a potential valuation exceeding $4 billion. However, discussions surrounding the…
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Nigeria’s $10 Billion Fine on Binance, Implications and Global Ramifications
The Nigerian government has imposed a staggering $10 billion fine on Binance, one of the world’s largest cryptocurrency exchanges. This comes amidst a broader crackdown on the global crypto…
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FMR LLC’s Stake Reduction in Safaricom
American investment firm FMR LLC has made significant waves in the Kenyan financial market by dramatically reducing its stake in Safaricom. The firm has slashed its shares from 921.1…
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IFC and Solcon Capital Pioneering Deep Tech Advancements in South Africa and India
The International Finance Corporation (IFC) and Solcon Capital have entered into a strategic partnership aimed at driving the deep tech sector in India and South Africa towards unprecedented levels…
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Dara Khosrowshahi’s Reward and Uber’s Valuation Soars
Uber CEO Dara Khosrowshahi has been granted stock options worth approximately $136 million as a reward for achieving a performance target of securing a $120 billion valuation for the…
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Revolut’s Mobile Wallets Simplifying Global Remittances from Singapore
Revolut, a leading global neobank, has introduced its Mobile Wallets feature in Singapore, marking a significant expansion of its services beyond the UK and European countries. This feature enables…
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The Please Call Me Compensation Conundrum
Vodacom has initiated a legal challenge at the Constitutional Court, seeking to overturn the Supreme Court of Appeal’s (SCA) decision that mandates compensation for Makate. The SCA’s ruling, which…
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