Kenya to End 9-Year Ban on New Commercial Bank Licenses in July 2025
The Central Bank of Kenya announced the lifting of a nine-year moratorium on new commercial bank licenses, effective July 1, 2025. The moratorium was initially imposed to address systemic issues in the banking sector, including governance and operational inefficiencies.
Vision 2030: Vodacom Charts Course for Accelerated Growth in African Markets
Vodacom introduced its Vision 2030 strategy during an investor briefing on February 19, 2025. The company aims to accelerate Group EBITDA growth into double-digit territory, enhancing previous high single-digit targets.
Hydrobox Secures USD 9 Million from FMO to Expand Mini-Grids in Kenya
Hydrobox secures USD 9 million in debt financing from FMO. Funding will support the development of eight hydro-powered mini-grids.
