Intesa Sanpaolo and Investec Bank have successfully raised US$150m on behalf of CRDB Bank, Tanzania’s largest bank, in the form of a syndicated term loan facility. The transaction is a...
Businesses in Eastern Africa must act quickly to avert increasing cases of economic crimes and fraud that threaten their existence, the Global Economic and Crime Survey by renowned international audit...
More than 200 Ugandan private and public sector players are in Mombasa, Kenya for the 2nd Uganda-Kenya Coast Tourism Conference 2023. The conference that starts today (November 13) at the...
The Kenya Revenue Authority will be rebuilt to a service-oriented organization, President William Ruto has said. Ruto observed that KRA will no longer be a suppressive entity driving taxpayers into...
Behind Ruth Zaipuna’s calm demeanor lies a lady who is a fighter and strong willed strategist. Since becoming CEO of the NMB Bank in Tanzania in 2020, she has transformed...
Kariuki Ngari usually refers to himself as a village boy at heart. Born and raised on the slopes of Mt. Kenya, he has risen to become a global citizen, leading Kenya’s largest international bank, Standard Chartered Bank (SCB). Kariuki was born to a teacher and a homemaker, the only boy amongst seven sisters. His father imbued him with humility. “In…
The Goldenberg scandal in the early 1990s is Kenya’s largest documented gold fraud. The scheme involved Goldenberg International Limited, which pretended to export gold and diamonds, and in exchange received substantial…
Many African tax authorities have weak capacity to raise revenue. From 1990 to 2020, sub-Saharan African countries on average collected only about 12%-15% of GDP as taxes, a much lower…
The Ugandan business ecosystem was awash with excitement when Tony Natif’s Guardian Health Pharmacy was acquired by Kenya’s MyDawa for an undisclosed amount. However, one of the biggest winners in…
In 2022, Uganda received USD 1.3bn in remittances from its diaspora community according to a World Bank and KNOMAD report. This would account for about 4.5% of Uganda’s GDP and…
Uganda is often called a small market. Despite having a population of over 40m, the purchasing power is relatively low. As a result, it is imperative for startups and other…
Kenyan fintech powerhouse, Lipa Later Group, has successfully raised $5 million in a private debt issuance, marking a significant milestone in its financial journey. However, the company’s ambitious expansion plans…
Uganda has been a hotbed for cryptocurrency scams, largely due to the legal ambiguity surrounding the use of digital currencies. The country has had its fair share of crypto scams,…
Safaricom Ethiopia has announced the appointment of Wim Vanhelleputte as its new Chief Executive Officer, effective from September 1st, 2023. Vanhelleputte, the former CEO of MTN Uganda, will succeed Anwar…
African asset financing startup, M-Kopa has raised a combined equity and debt round of at least $250m, the company announced on Monday. This is one of the biggest single funding…
