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,”…
Kenya Airways Wins Two Awards at the 2024 World Travel Tech Awards
November 26, 2024
Kenya Airways (KQ) has been awarded Africa’s Best Airline Website 2024 and Africa’s Best Airline App 2024 at the 4th Annual World Travel Tech Awards. KQ’s website was recognized for its user-friendly design and intuitive features, ensuring that travelers can…
ariika Secures $3 Million Series A Extension to Drive Regional Growth
November 26, 2024
ariika has announced the successful conclusion of its Series A extension equity round of $3 million, led by Beltone Venture Capital, a subsidiary of Beltone Financial Holding and UAE-based investment group Citadel International Holdings. This…
Binance to Expand Compliance Hires by 34% and Announces Key Compliance and Investigations Hires
November 25, 2024
Binance today announced the appointment of key compliance and investigations hires as it continues to expand its compliance program and staff amid the industry and company’s rapid maturation. Binance expects to increase its compliance staff…
Hotpoint Appliances Launches Festive Campaign Offering Discounts on LG Products
November 25, 2024
Hotpoint Appliances have today unveiled a festive-season campaign, running until January 12, 2025, that will allow buyers of LG products to win exciting prizes, including a KES1 million grand prize, home makeovers or a trip…
Egypt’s Qara Secures $2.6M Funding to Expand Into Saudi Arabia
November 25, 2024
Qara has announced the successful completion of its $2.6 million funding round, led by strategic investors. This funding will drive the company’s expansion into the Kingdom of Saudi Arabia (KSA), supported by the National Technology…