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…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
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…
The Kenyan government has extended the deadline to acquire a biometric passport by 10 months from March 2021 to Dec 31, 2021. The extension of the deadline has been attributed to the scaled-down operations of the Directorate of Immigration services. Interior CS Fred Matiangi’ says Kenyans have until 31st December 2021 to acquire the new East Africa Community biometric e-passport. “For the avoidance of doubt, starting 1st January 2022, the old dark blue passport will be null and void. No Kenyan will be able to travel abroad without a valid East Africa Community biometric e-passport,” He said. This is the…
Regional low-cost carrier Jambojet on Tuesday announced a flexible payment scheme called ‘Jaza pole pole’ under which passengers will have to pay as low as Ksh 2,670 per person the total fare amount at the time of booking. Passengers can pay the remaining balance in “three instalments” for bookings made at least 60 days in advance under this scheme, Jambojet said in a press release. “Passengers are required to complete paying for their tickets within 21 days prior to the date of travel to any of Jambojet’s destinations,” the statement reads. Passengers using this platform will have up to two…