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Showing posts with the label investors

Japanese firm launches AI farming initiative in Ghana with $100m four-year investment

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Degas Limited's Strategic Investment in Ghana's Agricultural Sector Degas Limited has unveiled an ambitious plan to invest $100 million over the next four years, aiming to position Ghana as Africa’s first AI-powered agricultural hub. This initiative builds upon a successful model that has already supported more than 86,000 smallholder farmers across 122,000 acres nationwide. During a meeting with President John Dramani Mahama on the sidelines of the Ghana Presidential Investment Forum, Doga Makiura, Chief Executive Officer and founder of Degas Limited, highlighted the potential of this investment. “Ghana has demonstrated that when technology meets a clear national vision, smallholder farmers can thrive,” he stated. The CEO emphasized that the $100 million commitment will focus on scaling up AI-driven satellite monitoring and precision agriculture techniques. These innovations are expected to help farmers increase yields, reduce risks, and access fairly priced finance. Accord...

Museveni Vows Partnership for Kenya's Infrastructure Growth

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President Museveni Encourages Investment in Uganda’s Infrastructure and Economic Growth President Yoweri Kaguta Museveni recently met with a delegation from Rebel Group, an international consultancy and investment firm based in Nairobi, Kenya. During the meeting at State House in Entebbe, the President expressed confidence in Uganda’s readiness to collaborate with investors on major infrastructure projects, emphasizing the country's long-term economic potential. The group was led by Mr. Kyle McCarter, a former U.S. Ambassador to Kenya. In his address, President Museveni highlighted the importance of infrastructure development, particularly in key areas such as the Kampala–Bombo road tollway and the Mpigi bridge. He explained that these projects are directly tied to market demand and consumer activity, making them sustainable investments. “Once consumers are present, the flow of money remains consistent. This is why such investments are not only viable but also essential for crea...

Bitget brings Wall Street to Kenya with blockchain tokenized US stocks

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A New Era of Investment for Kenyan Investors Kenya is witnessing a transformative shift in its financial landscape as Bitget, a leading global cryptocurrency exchange and Web3 innovator, introduces tokenised US shares on its on-chain platform. This initiative allows Kenyan investors to access fractional shares of top global companies, making it easier than ever to participate in the stock market. By integrating with xStocks, Bitget has enabled Kenyan crypto users to invest directly in fractional shares of well-known US multinational companies through a blockchain-native interface. This development eliminates the need for traditional brokerage channels, offering a more streamlined and accessible way to invest. The platform provides Kenyan users with the ability to trade in Kenyan shillings 24/7, significantly reducing costs and eliminating the hassle of foreign exchange. With this new offering, investors can diversify their portfolios beyond crypto assets into stocks, ETFs, and money...

Forex Fundamentals: Your Nigerian Investor's Starter Guide

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Understanding the Forex Market in Nigeria If you've lived in Nigeria for a while, you've likely heard discussions about exchange rates at fuel stations, markets, or even at weddings when someone is planning a trip abroad. The fluctuations of the naira against currencies like the dollar or euro often become part of daily conversations. These changes impact everything from prices and travel plans to family budgets. This has led more Nigerians to explore forex trading on platforms such as Exness. It's not just for professionals behind big screens anymore. At its core, forex trading involves buying one currency while selling another, with the goal of profiting from changes in value. The market operates almost every day of the week, spanning time zones from Asia to Europe and North America. It's a large, liquid market that is now accessible to individual traders across Nigeria. Why More People Are Paying Attention Nigeria's economy is closely linked to oil exports, ...

African Start-up Funding Recovers, Turns to Debt

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African Start-ups See Mixed Results in First Half of 2025 The first half of 2025 has brought some positive developments for African start-ups, with increased access to funding from global investors. However, the way this funding is being structured is shifting, indicating a more cautious approach by investors. According to data from the Africa Venture Capital Association (AVCA), venture capital funding for African start-ups rose by 50% in the first six months of 2025, reaching $1.2 billion compared to $800 million in the same period in 2024. A significant portion of this funding came in the form of venture debt, which accounted for 80% of the total amount raised. This shift highlights a growing trend where start-ups are increasingly relying on debt financing rather than traditional equity investments. The number of deals also saw an increase, rising from 205 in 2024 to 239 in 2025—a 11% growth. East Africa contributed significantly to this growth, with 22% of the deals—worth around ...

Top Wealthiest from Trans Nzoia: Businesses and Assets

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The Wealthy Individuals of Trans Nzoia County Trans Nzoia county, located in Kenya's North Rift region, is a hub for successful entrepreneurs and influential political figures. These individuals have built diverse business empires that span across various sectors. Among them is Kiprono Kittony, the chairman of the Nairobi Securities Exchange (NSE), who comes from a prominent family. His mother, Zipporah Kittony, was a well-known figure in the former ruling party, KANU. Another notable figure is Ibrahim Abwere, who has risen from humble beginnings to become a significant player in the real estate market. He started as a casual worker and eventually built a vast property portfolio across several towns, including Kitale. His journey from poverty to wealth serves as an inspiration to many. The Khetia Family: Retail Giants The Khetia family stands out as one of the wealthiest in the region. Their business empire began in 1982 with a modest store in Kitale’s Laini Moja. Initially, th...

Equity Bank Offers Management Jobs to Kenyans

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Equity Bank has opened its doors to Kenyan professionals from various fields, inviting them to apply for a range of vacant positions within the organization. As one of the leading financial institutions in East Africa, the bank is seeking skilled individuals to join its team and contribute to its continued growth and success. The recruitment process is being managed through Equity Bank’s official recruitment portal, where candidates are required to submit their academic and professional certificates. The bank has set two key deadlines for applications, with some roles requiring submissions by Friday, August 15, and others allowing until Friday, August 22. This structured approach ensures that all interested and qualified applicants have ample time to prepare and submit their applications. Key Positions Available Equity Bank has announced several critical roles across different departments, including: Risk Manager, Enterprise Risk Responsibilities: Support the head of risk and co...