Know. Decide. Grow
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Amsons Group acquires Oryx Energies Tanzania in $230 million transaction
The family-owned conglomerate takes control of a major’s downstream assets, becoming East Africa’s largest independent energy player. Amsons Group, the family-owned Tanzanian energy and manufacturing conglomerate, has agreed to acquire the Tanzania downstream business of Geneva-based Oryx Energies in a transaction worth more than US$230 million, the company said on October 16th. The deal, one…
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Kulipa raises $6.2 million to power real-world stablecoin spending for global fintechs
Paris-based Kulipa’s seed round co-led by Flourish Ventures and 1kx will expand regulated issuing capabilities across Africa, Europe, and Latin America. Stablecoin adoption is accelerating rapidly across the continent, with Nigeria leading the way. Between mid-2024 and mid-2025 alone, Sub-Saharan Africa moved over $200 billion in on-chain value, with stablecoins accounting for 43% of that activity. However, this…
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In Africa, blockchain technology is no longer just about crypto as key use cases emerge
From ambitious push to infuse transparency in elections to debt management and financial inclusion, blockchain technology is taking up a bigger role in Africa’s increasingly digital economy. With an avalanche of scams denting the image of crypto transactions, pioneers in Africa’s blockchain technology have spent the past decade partly fighting a reputational war. However, in…
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Microfinance: Serving Low-Income Earners and Growing Small Business
Of recent times, microfinance has demonstrably become the most coveted solution to building a robust and efficient national economy that is inclusive of the low-income segment in both urban and rural areas. The historically nascent level of microfinance services in Tanzania has prompted various non-government organization (domestic and foreign) and financial institutions to take up…
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Qualified on paper, unprepared for work
Source: The Daily Monitor
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Zimbabwean- born entrepreneur’s driverless delivery vehicle completes maiden journey in the UK
In what could easily be mistaken as a scene from the TV series Knight Rider, an autonomous bot delivery vehicle took to the streets of London. In its maiden journey, it delivered medical supplies for a Hounslow care home. The vehicle named Kar-go is a brainchild of Zimbabwean serial entrepreneur Pasi William Sachiti. It uses…
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Kenya’s Family Bank goes public, marking the Nairobi bourse’s biggest private-sector listing since 2009
Family Bank marks largest private-sector listing on the Nairobi Securities Exchange (NSE) in more than 17 years. On Tuesday, the lender debuted trading with a market capitalisation of nearly KSh30 billion or $231.7 million. NSE hopes listing will trigger a new wave of private companies entering public markets. Family Bank on Tuesday became the largest…
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Intelligent Systems, Fragile States: What AI and Blockchain Demand of Africa’s Peace and Security
On Thursday last week, I joined a fireside chat on the main stage at the Africa Blockchain Festival 2026 in Nairobi, moderated by Nicole Jamu, to talk about continental regulatory harmonization. The session title said it all: One Market, Fifty-Four Rulebooks. The festival theme, “Capital, Code, and Continuity: Building Africa’s Permanent Digital Economy,” is the…
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Kenya, Tanzania and Congo corridors to drive East Africa trade growth by 2035
Kenya-DRC and Tanzania-DRC Corridors have been identified as the key links that will drive East Africa trade. Within the Southern Africa region, higher integration will drive its share of total intra-Africa exports to a third by 2035. The MENA Region and the Middle East-East Africa corridors will also be substantial, with combined trade volume expected…
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Nigeria launches national cancer biobank network in push to close precision medicine gap
The National Cancer Biobank Network (NCBN) will initially recruit and catalogue 10,000 cancer biospecimens, with ambitions to scale to 100,000 samples by 2028. The next phase will focus on capacity building within the eight federal hospitals, harmonisation of biobanking procedures, roll out of common data and quality standards. Nigeria has begun implementing a nationally coordinated…
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