Daily Archives: Jun 27, 2026
Digital Africa Unveils €30 Million Seed Fund to Bridge Startup Financing...
Digital Africa has launched a €30 million seed-stage fund targeting early-growth startups across the continent, seeking to address a critical funding gap that continues to stall promising ventures before they reach scale.
The DA Seed Fund (DASF), with a hard cap of €50 million and a 10-year investment horizon, will...
PayPal Curbs Thousands of Kenyan Accounts as AML Scrutiny Rises
PayPal Holdings Inc. has tightened controls on Kenyan accounts, freezing funds and restricting access for some users as the company ramps up anti-money laundering (AML) compliance in higher-risk markets.
Freelancers, online merchants and remote workers say they have faced sudden limitations—sometimes permanent—even after submitting requested documentation such as work contracts,...
Absa Kenya Profit Climbs to Kshs. 5.3 Billion as Assets Hit...
Absa Bank Kenya PLC posted a profit after tax of Kshs. 5.3 billion for the quarter ended March 31, 2026, as total assets rose 10% to Kshs. 571.3 billion, supported by steady balance sheet growth and diversified revenue streams.
Profit before tax stood at Kshs. 7.5 billion, with total revenue...