The Nairobi Securities Exchange has upgraded its trading platform from a Multi-Protocol Label Switching network with the Software-defined Wide Area Network (SD-WAN) supported by Safaricom. According to NSE, the Label Switching network has been in use since 2011. However, with the SD-WAN it will allow businesses to leverage any combination of transport services, including MPLS, Long Term Evolution (LTE) and broadband internet services. “The network interconnects the NSE, the Central Depository and Settlement Corporation and all the trading participants in the market to offer higher trading platform availability,” NSE CEO Geoffrey Odundo said on Friday. “The SD-WAN will be transformational…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
President Felix-Antoine Tshisekedi Tshilombo of the Democratic Republic of Congo took over as the African Union Chairperson. He took over from South Africa’s President, Cyril Ramaphosa and will serve for one year. Tshisekedi’s tenure began officially at the 34th Ordinary Session of the Assembly of the African Union, which is being held virtually. “As we hand over the baton to the DRC, we are determined to continue working with President Tshisekedi to ensure that Africa becomes an integrated continent, politically united, based on the ideals of Pan-Africanism and the vision of African renaissance,” President Cyril Ramaphosa said. https://twitter.com/PresidencyZA/status/1357994322394816513?s=20 In his…
TransAtlantic Capital Inc. has acquired Kenyan sports betting and lottery Company, SUREBET for an undisclosed sum, as the US company seeks to secure a footprint in East African Gaming industry. In a statement, the company says the acquisition gives an attractive opportunity for USA shareholders to participate in the financial growth of Africa. “SUREBET is a nice addition to our global platform of cannabis, psilocybin,” says Julies Jenge CEO of TransAtlantic Capital. “Having experience on the continent. Most people view Africa as a country that seems to always be in need of aid, but the 1.2 billion Africans on the continent are…
Is it too soon to be optimistic about an economic revival in East Africa following the devastating impact of COVID-19 on the global economy? The latest data – and the region’s continued focus on transforming its key industries, sectors and infrastructure through technology – is giving me hope that the economic outlook is brightening. Trade in East Africa has already picked up according to the Brookings Institute, after an initial drop in trade in Kenya during the early months of the pandemic, by July domestic exports were already 12.7% higher compared to the year before. That is not to say…
The 2021 MTV Africa Music Awards ceremony has been postponed according to the organisers. No reasons were disclosed for the annual event that was scheduled for February 20 in Kampala, Uganda “MTV Base is postponing the 2021 MTV Africa Music Awards. We will keep fans updated as we have more news,” MTV Base Africa said on its official Twitter account. However, Arinaitwe Rugyendo, a Uganda based journalists said: “The postponement was a decision agreed between the Ministry of Tourism and Viacom(MTV).” https://twitter.com/MTVBaseAfrica/status/1357351307909152768?s=20 The Kampala edition was set to be the first-ever live-streamed virtual MTV Africa Awards. Grammy Award-winning global sensation,…
While not all of us can have enough capital to a start-up business that wow the world, yet, we can still get to be part of some of the already-listed companies in the various stock markets that exist in the world. So in time, that amount of money you have been saving in a bank account can be a good start to creating some ‘paper wealth’ with quality returns in stock prices and dividends. Benjamin Graham says, “A stock is not just a ticker symbol combined with a price tag, but an ownership interest in a business”.The stock will give you…