(NAIROBI, KENYA) – New customer sign-ups by satellite internet firm Starlink remain suspended for the third month in eight counties in Kenya due to capacity constraints, even as its enrolled user base climbed to 27,616 by June 2026. A spot check on 7th October revealed the Elon Musk owned satelliteContinue Reading
(NAIROBI, KENYA) – The International Finance Corporation (IFC), the private investment arm of the World Bank, is acquiring a 6.5% stake in Kenyan supermarket chain Quickmart for KES 1.94 billion ($15 million / £11.3 million) through the retailer’s initial public offerin. The investment makes the IFC a cornerstone investor inContinue Reading
(JUBA) – Officials from South Sudan’s Ministry of Mining and key stakeholders have opened a two-day workshop in Juba to review and validate three major documents aimed at reforming the country’s mining sector. The gathering brings together government officials, mining companies, development partners, civil society organisations and technical experts toContinue Reading
(NAIROBI, KENYA) – Quickmart’s Initial Public Offer opened on 5th October 2026 with a price of KES 7.50 per share, targeting KES 15 billion ($115.4 million / £89.9 million) from the sale of two billion shares by the retailer’s founders and private equity fund Adenia Partners. The minimum subscription hasContinue Reading
(NAIROBI, KENYA) – Quickmart Kenya shareholders will receive KES 15 billion ($115.4 million / £89.9 million) from the sale of a 50% stake through a public offer at the Nairobi Securities Exchange, delivering strong returns for the retail chain’s founders and private equity backer Adenia. Sokoni Retail Kenya Limited (SRKL)Continue Reading
(NAIROBI, KENYA) – The family of the late former Central Bank of Kenya governor Philip Ndegwa is set to regain full ownership of ICEA Lion Insurance Holdings after agreeing to buy back a 24.1% stake for KES 8.5 billion ($65,600 / GBP 49,200). First Chartered Securities, the investment vehicle controlledContinue Reading
(NAIROBI, KENYA) – Banks in Kenya are preparing to let customers send money using mobile phone numbers instead of bank account numbers, in a change meant to match the ease that telecom operators have brought to mobile money transfers. The new system will remove the need for customers to askContinue Reading
(JUBA) – The Association of South Sudan Manufacturers said it is supporting the ongoing renovation of the Ministry of Trade and Industry compound in Juba as part of its commitment to strengthening collaboration between the manufacturing sector and government institutions. The association said renovation work is progressing well and completionContinue Reading
(JUBA) – The National Ministry of Trade and Industry has called on commercial banks to form a banking union and speed up the move to digital banking as a shortage of physical South Sudanese Pounds continues to affect trade and daily life across the country. The call was made duringContinue Reading
(NAIROBI, KENYA) – Piracy has returned to the western Indian Ocean, with six commercial ships hijacked off the Horn of Africa since April 2026, threatening to raise import costs for Kenya and landlocked neighbours including South Sudan. The shipping industry lifted East Africa’s high risk label in January 2023 afterContinue Reading
