Business
Business news, announcements, funding, reports, in-depth graphs and much more to help you understand the world better
- News
Spotify Is Now Letting Brands in Kenya Advertise Like Never Before
Spotify expands ad sales in Kenya through Aleph, helping brands reach 375,000+ local listeners with new audio ad tools.
- Startups
MaxAB-Wasoko Acquires Fatura in Bold Bid to Consolidate African E-Commerce
MaxAB-Wasoko acquires Egypt’s Fatura to expand its super app reach and consolidate Africa’s fragmented retail and fintech ecosystem.
- Interesting Reads
New Report Reveals African Airlines Are Failing at Payments, And It’s Hurting Their Business
Visa-AFRAA study shows outdated payment systems are costing African airlines revenue, fraud losses, and passenger trust.
- Startups
Cargoplug Opens UK Hub to Strengthen Growing UK-Nigeria Trade Route
Cargoplug opens first UK hub to boost Nigeria trade route with faster shipping, lower costs, and direct operations.
- Announcements
Sophos Launches MSP Elevate to Supercharge Cybersecurity Offerings for Service Providers
Sophos launches MSP Elevate, a comprehensive program empowering managed service providers with premium cybersecurity tools and business growth incentives.
- Announcements
Epson Posts Strong FY24 Growth Backed by Heat-Free EcoTank and Fiery Tech, Eyes Deeper Investment in Kenya’s Digital Future
Epson’s FY24 profits rise 38.4% as Heat-Free EcoTank and Fiery drive growth; Kenya to benefit from deeper tech partnerships.
- News
New Car Tax Rules in Kenya Could Slash Prices or Trigger Chaos, Maybe Both!
Kenya to adopt invoice-based tax system for car imports from July 2025, replacing CRSP with document-verified transaction valuation.
- Announcements
Workable Becomes First Co-Working Space in East and Central Africa to Receive IFC’s Global Green Building Certification
Workable becomes East and Central Africa’s first co-working space to receive IFC’s EDGE green certification for eco-friendly design.
- Announcements
Naivas Denies Claims of Selling Expired Products or Facing Store Closures
Naivas denies claims of selling expired products or store closures, confirms compliance, and plans legal action against misinformation spreaders.
- News
Omniretail, Deimos, Roam Lead 2025 List of Africa’s Fastest-Growing Companies
Kenya’s Roam and Serena Hotels rank among Africa’s fastest-growing companies of 2025, with Nigeria and South Africa dominating the Financial…
- Announcements
Samsung Acquires FläktGroup to Expand Its Global HVAC Business and Target Data Center Cooling
Samsung acquires HVAC leader FläktGroup for €1.5B to expand into data center cooling and industrial-grade climate control.
- News
Safaricom and iXAfrica Partner to Launch Kenya’s First AI-Ready Data Centre Infrastructure
Safaricom and iXAfrica launch Kenya’s first AI-ready data centre to power AI, cloud, and enterprise solutions across East Africa.
- Startups
BURN Secures USD 5 Million from ElectriFI to Expand Electric Cooking in Kenya
BURN secures USD 5 million from ElectriFI to scale electric cooking in Kenya, targeting 100K households with clean energy.
- News
Microsoft’s Latest Layoffs Affect 6,000 Workers as Long-Term Downsizing Trend Deepens
Microsoft is laying off 6,000 employees globally, continuing a pattern of restructuring to streamline operations and reduce management layers.
- News
Equity Group and AGF Announce USD 500 Million Framework to Accelerate MSME Financing Across Africa
Equity and AGF announce a USD 500M partnership to boost MSME financing, targeting women, youth, and green businesses.
