News

  • About  22 districts across Zambia are underwater due to climate change-induced flooding caused by above-average rains according to CARE Zambia
  • The humanitarian organisation reports that over 70 districts in Zambia are at a high risk of flooding even as the rains continue to fall, and rivers burst their banks.
  • The climate crisis has directly affected at least 1.5 million people – including an estimated 821,000 children.

About 22 districts across Zambia are underwater due to climate change-induced flooding caused by above-average rains according to CARE International.  

The firm reports that over 70 districts in Zambia are at a high risk of flooding even as the rains continue to fall, and rivers burst their banks. 

In six districts where CARE works, there has been continuous rains that have led to flash floods. Hundreds of hectares of planted fields and grazing lands are underwater. Homes have been submerged as roads and bridges

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  • Majority of Kenyans buy from companies with distinctive branding a new study reveals. 
  • The study by Elite Mawu Agency reveals that more than 65 percent of  Kenyans interact with companies that have attractive branding.   
  • According to the report, branding provides an emotional link by tying people to lifestyles.

Majority of Kenyans buy from companies with distinctive branding a new study reveals. 

The study by Elite Mawu Agency reveals that more than 65 percent of Kenyans interact with companies that have attractive branding that include distinctive creative logos and branding collaterals. 

The report dubbed Kenya Branding Report Card 2022, indicates that brands with originality and creativity attracts more interaction and buy-in. 

“There are small businesses with similar products at every corner, so what makes your business different? Your brand! Stand out from the competition and develop your brand further than just a logo,” said Elite Mawu Agency  Chief Executive and

  • Safaricom Limited has announced the election of Adil Arshed Khawaja (MBS) as the Chairman of the Board on 26th January 2023
  • The highly distinguished Advocate of the High Court of Kenya, was appointed a Director in Safaricom PLC on 22nd December 2022 following the resignation of John Ngumi. 
  • He currently serves as the Managing Partner at Dentons Hamilton Harrison & Mathews, the oldest law firm in Kenya, established in 1902 with a reputation of being an innovative, experienced, responsive, and highly skilled firm.

Safaricom Limited has announced the election of Adil Arshed Khawaja (MBS) as the Chairman of the Board on 26th January 2023

The highly distinguished Advocate of the High Court of Kenya, was appointed a Director in Safaricom PLC on 22nd December 2022 following the resignation of John Ngumi. 

Khawaja has over 30 years work experience in the legal profession ranging from dispute resolution, to commercial and real

  • TLG’s investment supports their digital banking aspirations and helps position FairMoney to grow their share of wallet
  • FairMoney operates a credit-led strategy: offering credit via an app and subsequently offering bank accounts
  • The average loan size is 30 Euros and customers can grow their loan limits up to 1,000 Euros over time

TLG Capital has announced an investment it has made into a Paris based fintech company, FairMoney in Nigeria.

FairMoney, which operates a neo-banking platform in Nigeria provides underbanked users with bill payment solutions and collateral-free lending. The company has a microfinance bank license from the Central Bank of Nigeria, which permits it to officially operate as a financial services provider in the country.

The company’s Co-Founder and CEO, Laurin Nabuko Hainy, says TLG’s investment supports their digital banking aspirations and helps position FairMoney to grow their share of wallet while offering services to the financially excluded and …

Forex Trading Guide in South Africa

If you seek detailed information on how to trade forex in South Africa, we are here to teach and guide you as a beginner trader into the wonderful world of forex trading.

The reason behind the craze among the people for forex trading is that it is one of the most liquid markets in the world. On average trading, amounts exceed $5 trillion every day in the forex marketplace. In South Africa, trading amounts exceed $80 Billion (approximately R120 Billion Rand) on a daily basis.

In South Africa, there are many trading rules and regulations placed to minimize Forex trading risks. These rules and regulations are placed by the South African Financial Sector Conduct Authority (FSCA) which is formally known as Financial Services Board (FSB). FSCA is responsible for controlling all financial activities in the country. Through FSCA all the Forex brokers

  • The Africa Pulse report notes that Sub-Saharan Africa exits recession this year, but recovery is still timid and fragile
  • It adds that the region is reforming, and notes that what is most needed to boost and sustain economic recovery is financing

The World Bank now says that Sub-Saharan Africa is set to emerge from the 2020 recession sparked by the COVID-19 pandemic with growth expected to expand by 3.3 per cent in 2021.

This is one per cent higher than the April 2021 forecast according to its latest edition of Africa’s Pulse.

The bank said that the rebound is currently fueled by elevated commodity prices, a relaxation of stringent pandemic measures, and recovery in global trade.

“Commodity prices remain well above their pre-pandemic levels, with several reaching all-time highs. Oil prices rose above their pre-pandemic levels in the first half of 2021 but have plateaued more recently due to demand …

  • Mastercard Impact Fund has committed a initial philanthropic investment of $25 million 
  • The company said small business owners are currently in need of innovative solutions
  • It builds on Mastercard’s $250 million commitment to support small businesses’ financial security made last year

Mastercard, through the Center for Inclusive Growth, has launched a new program dubbed ‘Strive’, to strengthen the financial resilience of small businesses as well as support their recovery and growth.

In a statement, the company said the initiative, which is global, will help micro and small enterprises transition to using digital platforms and processes.

The technology company said the launch of the initiative comes at a time when there has been a rapid shift towards digital services, which was necessitated by the coronavirus pandemic.

An initial philanthropic investment of $25 million from the Mastercard Impact Fund has been committed to the initiative whose aim is to help more than …

Centum Investment Company subsidiary Vipingo Development Limited (VDL) has handed over keys to more than 300 home buyers to their houses, following the completion of Phase 1 of the Palm Ridge Estate in Kilifi County, in the Kenyan coast.

In a statement, Vipingo Development Limited says the Sh1.5 billion housing estate comprises 330 units of one, two and three-bedroom four-storey apartments priced at Sh2.5 million, Sh3.5 million and Sh4.6 million respectively.

It marks the second major residential estate development by the company, and increases to about 400, the number of home owners within the 10,000-acre master-planned development that has a residential, commercial, school and industrial districts.

“We’re consolidating our reputation as a developer that completes projects on time, on budget and to the highest quality standards and that is why investors increasingly trust us with their money,” said the VDL managing director, Ken Mbae.

The project, dubbed 1255 Palm Ridge …

A new report by Knight Frank shows that whilst still declining, prime residential rents declined at a slower rate of 6.02 percent over the past 12 months to June, compared to a 7.62 percent decline in a comparable period in 2020.

The company’s First Half 2021 Kenya Market Update says the change was mainly attributed to the reopening of the economy, roll out of vaccinations and landlords adjusting rental terms to accept lower rental prices.

The report adds that the continued oversupply of residential developments in certain locations such as Kilimani coupled with the current economic state still makes the prime residential rents sector a buyers’ and tenants’ market.

Prime residential sale prices in Nairobi marginally improved by 0.1 percent over the past 12 months to June 2021, compared to a 5.1 percent decline in a comparable period in 2020 providing signs the market is stabilizing.

This is mainly attributed …