Amsons Group: The Tanzanian company behind the $180m Kenya’s Bamburi Cement buyout
Tanzanian conglomerate Amsons Group has been making headlines after it revealed its plans to acquire a 100% stake in...
East Africa
Things to consider before venturing into Kenya’s $2 billion public transport (matatu) industry
Public transport business in Kenya, popularly referred to as matatu has gained attention as a potentially lucrative investment opportunity....
Yusuf Manji: The rise, fall, and legacy of a Tanzanian dollar millionaire
Tanzanian tycoon Yusuf Manji, once a towering figure in Dar es Salaam’s business circles and one of Africa’s richest...
Equity Group Holds 20th AGM; Approves dividends and a health insurance subsidiary
Equity Group Holdings Plc on 26th June 2024, held its 20th Annual General Meeting as the shareholders voted in...
Most funded startups in Kenya: 10 companies to watch
Kenya is rapidly becoming a leader in the startup scene, with nearly 400 startups founded in the country. It...
Corruption and greed: How Kenya’s President Ruto lost favour with ‘hustlers’
Kenya’s President William Ruto rode to power on anger among low-income Kenyans against the previous regime – in which...
Ethiopia opens banking sector to foreign lenders. What next?
The Ethiopian government is looking to allow foreign banks to set up local subsidiaries and foreigners to acquire shares...
SK Macharia vs Kenyan authorities: The battle for Directline Assurance
Samuel Kamau Macharia, the owner of Royal Media Services (RMS), has been making headlines for all the wrong reasons...
Ditching the dollar: DR Congo’s central bank enforces franc-only e-payments
The Central Bank of Congo (BCC) has issued a new mandate requiring all Electronic Payment Terminals (EPTs) in the...
South Korea gives loans to Ethiopia and Tanzania for key mineral rights
Tanzania and Ethiopia have signed loan agreements with South Korea, securing billions of dollars in funding as part of...