(NAIROBI, KENYA) – Airtel Money has set the price of its planned London Stock Exchange initial public offering at £1.96 ($2.60) per share, valuing the mobile money business at about £5.3 billion ($7 billion). The valuation is equivalent to KES 913.1 billion. It marks a major step in Airtel’s planContinue Reading
(DAKAR, SENEGAL) – African countries have recovered $758.04 million in additional tax revenue in the first seven months of 2026, as policymakers and tax experts called for stronger systems to reduce illicit financial flows. The African Tax Administration Forum said its supported interventions generated $529.71 million in additional tax assessmentsContinue Reading
(NAIROBI, KENYA) – The operator behind a Kenyan investment scheme that has been cited in court for fraud is recruiting victims into a new platform, asking them to deposit KES 51,800 ($400 / GBP 302) to unlock money frozen in the previous scheme. The person, who uses the name CarlContinue Reading
(NAIROBI, KENYA) – Kenya’s tax authority has intercepted 40 undeclared iPhones valued at KES 8.2 million ($63,000 / GBP 47,400) at Jomo Kenyatta International Airport, uncovering a smuggling route used to bring high value smartphones into the country. The seizure followed a review of the travel history of a singleContinue Reading
(NAIROBI, KENYA) – Kenya’s Capital Markets Authority has delayed approval of a financial instrument that would allow local investors to buy into the Dangote Petroleum Refinery share sale for as little as KES 490 ($3.79 / GBP 2.85). The regulator says promoters of the instrument, known as global depository receipts,Continue Reading
(HARARE, ZIMBABWE) – Wicknell Munodaani Chivayo, the Zimbabwean businessman whose name became synonymous with government tenders, lavish gifts and a fortune he claimed exceeded $100 million, died on 30th September 2026 in a helicopter crash in Marondera, east of Harare. He was 43. His wife, Lucy “Lulu” Muteke, whom heContinue Reading
(JUBA, SOUTH SUDAN) – African Union leaders have called for the release of all persons held on political grounds in South Sudan, an end to hostilities, and the adoption of a consensual electoral roadmap ahead of the country’s first general elections. The call came during a virtual Summit of theContinue Reading
(NAIROBI, KENYA) – South Sudan’s Ambassador to Kenya is urging the Kenyan government to address major trade barriers, calling the high cost of a customs bond a serious obstacle for traders. During a meeting with Regina Ombam, the Principal Secretary at Kenya’s Ministry of Investments, Trade and Industry, Ambassador AnthonyContinue Reading
(LAMU PORT, KENYA) – A high-level delegation from South Sudan, led by the Caretaker National Minister of Petroleum, Eng. Awow Daniel Chuang, has joined regional leaders and partners in Lamu, Kenya, for the groundbreaking ceremony of the East African Refinery on Wednesday. The South Sudan delegation includes Ambassador Simon JuachContinue Reading
(PRETORIA, SOUTH AFRICA) – South African President Cyril Ramaphosa has cautioned that elections alone will not guarantee peace and democracy in South Sudan, stressing the need for an inclusive political process and improved security ahead of the country’s planned polls. Ramaphosa, who chairs the African Union High-Level Ad Hoc CommitteeContinue Reading
