Economy

KEY POINTS Family Bank private placement attracts strong institutional interest. Family Bank private placement boosts capital buffers. Family Bank private placement supports regional expansion. Family Bank Limited has secured KSh8 …

Eterna has opened a $14.9 million rights issue as the company strengthens its finances and builds on a sharp profit rebound

El-Sewedy Indusstrial Development partners with Arabia Developments to build a major industrial zone in Egypt, enhancing local manufacturing and Qatar power solutions

KEY POINTS Richemont luxury sales rose $12.3 billion globally. Retail drove 70 percent of revenue growth. Heritage brands fueled Richemont luxury sales gains. Swiss luxury group Richemont reported sales of …

AXIAN teams with Mastercard to expand digital payment tools across Africa, adding mobile cards, merchant services and new financial features through Mixx and MVola

Serbia and DR Congo strengthened their diplomatic and economic cooperation at a Belgrade meeting aimed at expanding trade, infrastructure and long-term strategic ties.

KEY POINTS AXIAN fintech rebrand unifies digital services. New board brings global fintech expertise. Expansion strengthens Africa’s digital finance push. The AXIAN Group from Madagascar has given its fintech subsidiary …

Muhoho Kenyatta’s NCBA appointment adds a key figure to the board as the bank faces buyout negotiations and increased market attention

Mo Dewji’s AfDB-backed investment strengthens MeTL Group’s agricultural expansion plans with upgraded plantations, new jobs and higher export earnings for Tanzania

Daniel Ofori’s stake in GCB Bank has surged as the lender’s stock rallies, pushing his valuation past $34 million in two months