Listed local agri-business firm Kakuzi Plc has announced a marginal drop in its half-year pretax profit attributed to slower market growth and price volatility in its key export markets due to the Covid 19 pandemic.
In its half-year trading disclosures released by Chairman Nicholas Ng'ang'a, Kakuzi Plc confirmed a 3% drop in its profit before tax after posting KSh 276.7...
Of the Top 20, 45% of the entrepreneurs are female and the average age of the group is 34
Top 20 will proceed to Semi-finals for a chance to become a Top 10 hero; Top 20 represent 11 countries from across Africa and a wide spectrum of key business sectors
The Africa’s Business Heroes (ABH) (https://bit.ly/37MiCwK) prize competition, a flagship philanthropic...
Dr. Patricia Makhesha of Ivanhoe Mines joins the Board of Directors, while outgoing Chair, Mr. Sebastian Spio-Garbrah, takes up the newly constituted position of Special Trade and Investment Envoy to the AfCFTA Secretariat in Accra
The Canada-Africa Chamber of Business (www.CanadaAfrica.ca) is pleased to announce major growth and an expansion of our operations in support of promoting trade and investment...
Richard Perry, analyst at INFINOX - a leading international FX and CFD broker - highlights the importance of traders keeping abreast of the latest news events to predict market fluctuations and dictate their trading strategies and success
News events have a significant impact on the forex market, with newsflow being one of the driving forces that determine forex market fluctuations....
Without a doubt, PHANTOM X has caught people’s attention as the hottest new smartphone in the market this summer. The surge in orders from emerging markets proves that the extraordinary features and performance of PHANTOM X has been the talk of the town by consumers. At the same time, TECNO's (www.TECNO-mobile.com) new flagship has also attracted the attention of...
I&M Bank has received more than $50 million (Sh5.35 billion) from two development financiers for lending to small businesses. The listed lender is targeting local medium-sized enterprises in the trade, manufacturing and construction sectors.
The cash is from the World Bank’s private sector arm - the International Finance Corporation (IFC) and the Dutch entrepreneurial development bank FMO. “To help smaller businesses...
Equity’s mobile virtual network operator (MVNO) – Equitel – has launched fourth generation (4G) services. The new 4G broadband network offers faster speeds to browse, stream, download and upload for customers.
Finserve Africa Managing Director, Mr Lanre Bamisebi, who is also the Equity Group IT and Operations Director, noted that the upgrade would enhance customer experience, more so in the...
The concessional loan agreements were signed with fund managers Lion’s Head Global Partners, Triple Jump, and Social Investment Managers and Advisors, following approval by the Board of Directors
The African Development Bank (www.AfDB.org/en) has reached financial close on financing agreements for a $20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) for the Covid-19 Off-Grid Recovery Platform (CRP)....
The branches will extend 2Africa’s connectivity to the Seychelles, the Comoros Islands, and Angola, and bring a new landing to south-east Nigeria
The 2Africa consortium, comprised of China Mobile International, Facebook (www.Facebook.com), MTN GlobalConnect, Orange, stc, Telecom Egypt, Vodafone and WIOCC, announced today the addition of four new branches to the 2Africa cable. The branches will extend 2Africa’s connectivity to...
Q&A with FAO Regional Office for Africa Youth Employment Specialist, Micheal Ige, for International Youth Day
Q. Why is it important to get more young people involved in agriculture and agri-food systems in Africa?
Africa has the youngest population in the world, with an estimated 420 million young people aged between 15 and 35 years old, and this is projected to...
