Sylndr Secures EGP 370 Million Financing Facility to Transform Egypt's Used Car Market
November 28, 2024
EFG Hermes has announced that its investment banking division had completed an advisory for an EGP 370 million working capital facility for Sylndr, Egypt’s leading online used cars player. The innovative structure of this transaction…
NCBA Records Ksh 15.1 Billion Profit in Q3 2024
November 28, 2024
NCBA has posted a profit after tax of KES 15.1 billion in its Q3 2024 financial results which is a 3% increase compared to KES 14.6 billion reported during a similar period in 2023. Key…
Check Point Unveils AI-Powered Network Security Solution, Quantum Firewall Software R82
November 27, 2024
Check Point has announced the new Check Point Quantum Firewall Software R82 (R82) and additional innovations for the Infinity Platform. As organisations face a 75% surge in cyber-attacks worldwide, R82 delivers new AI-powered engines to prevent against zero-day threats including…
Kenya’s e-Commerce boom: exploring consumer trends ahead of the 2024 peak shopping season
November 27, 2024
Consumers are bracing for the peak shopping season with the December holidays on the horizon. The thought of long queues and crowded malls may put shoppers off, but more consumers are opting to shop online. …
Airtel Money Customers Can Now Deposit and Withdraw cash Through Naivas Outlets
November 27, 2024
Airtel Money Kenya has signed a partnership with Naivas Supermarket that will allow Airtel Money customers to deposit and withdraw cash across Naivas branches countrywide. The deal is part of Airtel Money’s proactive strategy to…
CMA Approves Safaricom’s Ziidi Money Market Fund
November 27, 2024
The Capital Markets Authority (CMA) has announced the approval of Safaricom’s Ziidi Money market Fund. The regulator announced that today saying Ziidi Money Market Fund has been approved as a Collective Investment Scheme (CIS). The…
Mawingu Secures KSh 1.9 Billion to Expand into Tanzania through Acquisition of Habari ISP
November 26, 2024
Kenyan ISP, Mawingu, has announced that it is expanding to Tanzania with the acquisition of Habari, an Arusha-based ISP with operations across 7 regions in Tanzania. Mawingu has raised KSh 1.9 Billion ($15 million) of…
Family Bank Reports 8% Profit Growth for Nine Months Ending September 2024
November 26, 2024
Family Bank Group’s Profit Before Tax for the nine months of 2024 grew by 8 per cent to KES 3.26 billion, up from KES 3.02 billion in the same period last year. This growth was…
LG Announces Strategic Restructuring and Executive Appointments
November 26, 2024
LG Electronics (LG) has announced a series of organizational changes and executive appointments following the approval of its board of directors. This restructuring aims to accelerate the company’s mid- to long-term strategy, “Future Vision 2030,”…