An outlet of Kenyan supermarket chain Quickmart Even though modern retail is more widespread in Kenya compared to many other African nations, Alexis Caude, managing partner of private equity firm Adenia Partners, sees substantial growth potential in the sector. Over 70% of goods are still purchased from informal, small stores rather than from air-conditioned supermarkets. In 2019, … Read More “Room for growth in Kenya’s modern retail sector” »
Stocks in Asia fell alongside Europe and US equity futures as investors geared up for a busy week with data due on Chinese activity gauges and the Federal Reserve’s preferred measure of inflation. MSCI Inc.’s Asia Pacific gauge erased earlier gains as Hong Kong and mainland China stocks slipped. Contracts for Europe and US shares … Read More “Stocks, futures slip at start of data-rich week: Markets wrap” »
KCB FC Cruise Past MOFA in Mozzart Cup Round of 32 KCB FC registered a much-needed 1-0 victory over Michael Olunga Foundation (MOFA) in the Mozzart Cup round of 32 at the Raila Odinga Stadium in Homa Bay County. The bankers have booked a slot in the round of 16 action and are set to … Read More “KCB FC Cruise Past MOFA in Mozzart Cup Round of 32” »
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Transforming Africa’s rich landscape into greatness drives Hiruy Amanuel in his role as an African Venture Capitalist and major investor in Africa’s Technological Advancement. With his desire to make an impact and work with companies that have the potential to scale across the African continent, Hiruy has been able to create opportunities for many through … Read More “A glimpse into Africa’s venture capital ecosystem through Hiruy Amanuel, an African investor” »
CoinPayments has announced the integration of Apcopay into its platform, allowing users to pay using cryptocurrencies for goods and services. Shiba Inu (SHIB) is one of the cryptocurrencies that clients can use for their payments. The platform has over 1,200 merchants in 25 countries. The development could lead to a surge in SHIB’s adoption. Also Read: … Read More “Shiba Inu (SHIB) Gains Access to 1,200 Merchants in 25 Countries” »
Feb 22, 2024 BANBA jack-up rig (Credit: Dixtone) Perenco Oil & Gas Gabon (POGG) has started drilling an appraisal well in the vicinity of the Hylia South West discovery offshore Gabon, using Dixstone’s BANBA jack-up rig. The field was discovered in December 2022 through the exploration well HYSM-1 when a 40 meter … Read More “Perenco Spuds Appraisal Well Offshore Gabon” »
Panoro Energy expects growth to continue this year, targeting 40% more production than 2023, despite problems around drilling in Equatorial Guinea. Panoro is the junior partner in the joint venture anchored by the Ceiba and Okume projects. In the first week of February, operator Trident Energy terminated the rig contract for the Island Innovator rig. … Read More “Panoro targets new rig for Equatorial Guinea in Q2” »
South Africa’s National Treasury said there’s a case to be made for the central bank’s inflation target to be reviewed to improve competitiveness and given the adverse impact price growth has on the poor. The central bank, whose current target band is 3% to 6% with a preference for inflation to be anchored at the … Read More “Treasury backs Sarb inflation target review” »
by Fintechnews Africa 23 February 2024 Partech, the global technology investment firm, announced the final closing of its second Africa fund, Partech Africa II, at a hard cap of €280M ($300M+), opens a new office in Lagos and is looking to hire more team members. Following a strong first closing announced last year, Partech Africa … Read More “Partech Africa Closes Fund Above $300 Million and Opens Office in Lagos” »
