veri blog

Safaricom PLC is Kenya’s largest mobile network operator and a dominant force in East African telecom and mobile. Founded in 1997 as a unit of state-owned Telkom Kenya, Safaricom’s ownership structure changed when Vodafone acquired a 40% stake in. By 2008 the Kenyan government sold 25% of its shares in an IPO on the Nairobi Securities Exchange – a landmark offering oversubscribed by over 500%. Today Safaricom is by far the biggest listed company in Kenya, controlling roughly

In October 2025, the International Monetary Fund upgraded its growth forecast for sub-Saharan Africa to 4.1 percent , reflecting modest optimism amid persistent headwinds. That figure underscores a region balancing between promising reform momentum and foundational structural risks. Key pressures loom large: rising debt service costs, tightening external financing, inflation pressures, and weak fiscal buffers. During the IMF’s African Department press briefing, Director Abebe

Mauritius is no longer content with being just a player among many in global financial services. Over the past year, it has sharpened its...

Kenya’s Central Bank has confirmed that 27 new digital lenders have been formally licensed, bringing the total number of approved...

In today’s evolving financial landscape, meaningful innovation doesn’t happen in isolation. It happens through partnership —especially...

MTN Uganda has just confirmed plans to spin off its fintech and mobile money division into a standalone company , with the goal of...

Visa just made a move that says a lot about where it believes the future of finance is heading. On 23 July 2025, the global payments...

South Africa remains one of Africa’s most prominent and dynamic economies. With deep capital markets, a robust financial services sector,...