News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
Blackrock, The World’s Largest Asset Manager, to Acquire 10% Stake in Circle’s $624M IPO. - Envestreet Financial
In a landmark development for the cryptocurrency sector, BlackRock, the world’s largest asset manager, is set to acquire approximately 10% of Circle Internet Financial’s upcoming $624 million initial public offering (IPO). This move underscores a significant shift in traditional finance’s engagement with digital assets, particularly stablecoins like USDC. Circle Internet Group, the company behind the […]
Lofty Corban Launches Global Investment Fund as Assets Exceed KSh 4 Billion. - Envestreet Financial
Lofty – Corban Investments Limited (L-CIL), a leading Kenyan investment management firm specializing in managing Collective Investment Schemes and Pension Funds, has announced the launch of a specialized global fund aimed at providing Kenyan investors with diversified international investment opportunities. The announcement was made during the company’s inaugural Annual General Meeting (AGM) held on May […]
Dubai Land Department launches the first tokenized Real Estate project through the ‘Prypco Mint’ platform. - Envestreet Financial
Dubai Land Department (DLD) has launched the Middle East and North Africa (MENA) region’s first licensed tokenized real estate investment platform, Prypco Mint (mint.prypco.com). This initiative allows investors to acquire fractional ownership in Dubai properties, starting from as little as AED 2,000 ($545), marking a significant shift in property investment accessibility. The launch aligns with […]
The Board of the African Development Bank to elect a new President to succeed Akinwumi Adesina. - Envestreet Financial
The African Development Bank (AfDB) is set to elect its ninth president today during its Annual Meetings in Abidjan. The AfDB, established in 1964, comprises 81 member countries, including 54 African nations. With a capital base that has expanded from $93 billion in 2015 to $318 billion in 2025, the bank plays a crucial role […]
Access Bank Completes Acquisition of National Bank of Kenya from KCB Group. - Envestreet Financial
Access Bank Plc has officially concluded the acquisition of the National Bank of Kenya (NBK) from KCB Group Plc, marking a significant milestone in its strategic expansion into East Africa. The transaction, which began in March 2024 and recently received all required regulatory approvals, is expected to reshape the banking landscape in the region. This […]
Kenya Deposit Insurance Corporation Begins 4th Dividend Payout to Defunct Bank Creditors. - Envestreet Financial
The Kenya Deposit Insurance Corporation (KDIC) has announced the commencement of the fourth round of dividend payments to depositors and creditors of Pan African Bank Limited (In Liquidation) and Euro Bank Limited (In Liquidation), both of which were placed under liquidation after failing to meet regulatory requirements. Thousands of depositors and creditors affected by the […]
Criminals stole over £1billion through fraudulent methods in 2024, Says UK Finance. - Envestreet Financial
In 2024, the UK faced a significant financial threat as fraudsters stole £1.17 billion through various fraudulent activities, according to UK Finance’s Annual Fraud Report. There were 3.13 million confirmed cases of unauthorised fraud reported in 2024 (up 14 per cent compared to 2023) and losses totalled £722 million in 2024 (up two per cent). […]
Nairobi Securities Exchange Reviews Key Indices to Reflect Market Performance. - Envestreet Financial
The Nairobi Securities Exchange (NSE) has announced sweeping changes to its benchmark indices; the NSE 10, NSE 20, and NSE 25 Share Indices in a move aimed at ensuring they remain an accurate reflection of Kenya’s evolving capital markets. The adjustments, made following a comprehensive annual review, will see the inclusion of several new constituents […]
CMA Licenses Three New Corporate Trustees to Strengthen Kenya’s Collective Investment Market. - Envestreet Financial
The Capital Markets Authority (CMA) has granted licenses to three new corporate trustees MTC Trust & Corporate Services Limited, Standard Chartered Bank Kenya, and NCBA Group Plc to support the burgeoning collective investment schemes (CIS) sector in Kenya. This strategic move aims to enhance investor protection and promote the growth of professionally managed investment vehicles […]
Standard Group Receives Regulatory Green Light for KES 1.5 Billion Rights Issue. - Envestreet Financial
The Standard Group PLC has received approval from Kenya’s Capital Markets Authority (CMA) to proceed with a KES 1.5 billion rights issue, aimed at strengthening its financial position and accelerating digital transformation across its operations. Under the approved structure, the media conglomerate will issue a total of 283,661,120 new shares at a price of KES […]
Nigeria’s Digital Payments Hit Record High in 2024 Driven by Fintech and Regulatory Push. - Envestreet Financial
Nigeria’s digital payments industry is witnessing an unprecedented surge, with e-payment transactions reaching NGN1.56 quadrillion in the first half of 2024 representing over 70% of the total volume recorded in 2023. This explosive growth, detailed in the newly released Nigeria Payment Report 2025 by Zone and TechCabal Insights, highlighting the country’s leading role in Africa’s […]
Equity Group Recognized as Superbrand in East Africa, Cementing Regional Leadership. - Envestreet Financial
Equity Group Holdings Plc has been recognized as a Superbrand in East Africa, affirming its unwavering commitment to quality, reliability, and excellence in the financial services sector. This marks the fourth time Equity has received this prestigious accolade, having first achieved Superbrand status in 2007, making it the only bank in Kenya to attain this […]
Africa’s Fastest-Growing Companies 2025: Nigerian Startups Dominate Financial Times Ranking. - Envestreet Financial
Nigeria has emerged as a continental powerhouse in entrepreneurship, as it leads the Financial Times’ 2025 ranking of Africa’s fastest-growing companies. The latest list, compiled in collaboration with Statista, spotlights the continent’s most dynamic and rapidly scaling businesses across a range of sectors from fintech and logistics to real estate and media. At the top […]
Investment Scam Losses Decline as Brand Cloning Persists, Warns Industry Body. - Envestreet Financial
The financial impact of investment fraud is decreasing, but brand cloning scams continue to pose a serious threat to UK consumers, according to new figures released by The Investment Association. In the second half of 2024, losses from investment scams dropped by 29%, falling from £7.6 million in the first half of the year to […]
Rwanda Keeps Key Interest Rate Steady as Economy Shows Strong Resilience. - Envestreet Financial
The National Bank of Rwanda (NBR) has maintained its Central Bank Rate (CBR) at 6.5 percent for the next three months, citing the need to keep inflation within the target range and support ongoing economic growth. The move, announced on Wednesday following a meeting of the Monetary Policy Committee (MPC), signals confidence in the country’s […]
Standard Bank Malawi Plc Considers Share Split to Enhance Liquidity & Marketability of Its Stock. - Envestreet Financial
Standard Bank Malawi plc has announced that its Board of Directors is still considering a subdivision of shares, commonly known as a share split, in a move aimed at enhancing the liquidity and marketability of its stock. The update follows an initial cautionary statement issued on 14 April 2025, with the bank reaffirming its commitment […]
Zimbabwe Stock Exchange Launches AI-Enabled Data Direct Platform to Boost Market Access. - Envestreet Financial
The Zimbabwe Stock Exchange (ZSE) has officially launched Data Direct, a cutting-edge, artificial intelligence-enabled market data platform aimed at expanding access to financial information for retail and institutional investors. The platform, which underwent a soft launch in April 2025, is designed to provide users with comprehensive access to both the Zimbabwe Stock Exchange (ZSE) and […]
Britam Launches Malkia Hospicash to Boost Financial Resilience of Kenyan Women Through Community Health Insurance. - Envestreet Financial
In a move to bolster women’s health and financial resilience in Kenya, Britam has partnered with Healthy Entrepreneurs and Insurtech firm Inclusivity Solutions to scale the reach of its community-based insurance product, Malkia Hospicash. The initiative aims to empower over 300,000 households in underserved areas by integrating digital insurance with grassroots healthcare delivery. The initiative, […]
Kenya’s Capital Markets Authority Joins Global Pact to Boost Investor Protection. - Envestreet Financial
Kenya’s Capital Markets Authority (CMA) has taken a significant step toward strengthening investor protection by signing the Enhanced Multilateral Memorandum of Understanding (EMMoU) of the International Organization of Securities Commissions (IOSCO). Kenya has become the second African country, after South Africa, to sign the Enhanced Multilateral Memorandum of Understanding (EMMoU) for securities regulators marking a […]
Moi University Begins Mass Redundancies Triggered by Financial Constraints. - Envestreet Financial
Moi university has announced the termination of numerous staff positions as part of a sweeping cost-cutting exercise aimed at addressing severe financial challenges currently plaguing the institution. The university issued a formal redundancy notice to affected staff, citing financial constraints and the need for operational sustainability as the primary reasons for the decision. The action […]
EIB Global & Family Bank Launch €100 Million Credit to Empower Kenyan Women & Youth Entrepreneurs. - Envestreet Financial
The European Investment Bank (EIB) Global and Kenya-based Family Bank have announced a €100 million (approximately KSh14.3 billion) financing agreement aimed at empowering women and youth entrepreneurs across Kenya. This partnership seeks to address the persistent challenges of financial access faced by these groups, thereby fostering inclusive growth and job creation in the country. The […]
Global Appetite for Sustainable Investing Surges, Driven by Climate Concerns and Performance. - Envestreet Financial
A growing number of individual investors across the globe are embracing sustainable investing, driven by concerns over climate change, financial performance, and a desire for impact-led portfolios, according to a new global survey by the Morgan Stanley Institute for Sustainable Investing. The fifth edition of the Sustainable Signals report found that 77% of investors worldwide […]
Malawi Stock Exchange Opens Doors to SMEs with EDGEx Platform and Mzinga Incubation Programme. - Envestreet Financial
In a strategic move to bolster economic growth and enhance financial inclusion, the Malawi Stock Exchange (MSE) has introduced the Enterprise and Development Growth Exchange (EDGEx) platform alongside the Mzinga Incubation Programme. These initiatives aim to simplify the process for small and medium enterprises (SMEs) to access long-term capital through public listings. Traditionally, Malawian SMEs […]
A Real-World Guide for First-Time Vacation Rental Investors. - Envestreet Financial
If you’re eyeing real estate for the first time and wondering where to start, vacation rentals might feel like a bold but risky leap. You’re not just investing in property; you’re stepping into hospitality, juggling bookings, and relying on short-term demand. But here’s the truth: with the right approach, a vacation rental can be one […]
Safaricom Rewards Shareholders with KES 48.08 Billion Dividend Amid Strong Growth. - Envestreet Financial
Safaricom PLC announced a KES 48.08 billion dividend for the financial year ending 31st March 2025, following a robust 11.2% increase in total revenue to KES 388.7 billion and a 10.8% rise in net income to KES 69.8 billion. This marks a significant milestone for the Kenyan telecommunications giant as it continues to expand its […]
Jumia Boosts 2025 Outlook Despite Q1 Revenue Decline as Customer Orders Surge. - Envestreet Financial
Jumia Technologies AG (NYSE: JMIA), the leading e-commerce platform in Africa, has raised its full-year 2025 financial guidance following a strong first-quarter performance in key operational areas, despite a significant decline in revenue. The company cited surging customer engagement and operational efficiencies as key drivers in its plan to achieve profitability by late 2026. Jumia’s […]
MoneyGram Unveils 'Ramps' API to Simplify Cash and Cryptocurrency Integration. - Envestreet Financial
MoneyGram International has announced the launch of ‘MoneyGram Ramps’, a developer-centric API designed to facilitate seamless integration between cash and cryptocurrency transactions. This initiative aims to bridge the gap between traditional financial systems and the digital economy, providing users worldwide with enhanced access to digital assets. With MoneyGram Ramps, developers can easily offer users – […]
Greg Abel to Succeed Warren Buffett as Berkshire Hathaway CEO in 2026. - Envestreet Financial
Berkshire Hathaway has announced that Greg Abel will become the company’s next Chief Executive Officer, succeeding Warren Buffett, one of the most iconic figures in global business. The transition is scheduled to take effect on 1 January 2026. The decision, confirmed by Berkshire Hathaway’s Board of Directors, follows a recommendation made by Buffett himself during […]