- Absa Bank Kenya has appointed its head of strategy, Moses Muthui, as its new Chief Finance Officer (CFO) in an interim capacity, effective November 1, 2022.
- The Board of Absa Bank Kenya has appointed Yusuf Omari to take over as Interim Chief Executive Officer and Managing Director effective 1 November 2022.
- Borrowers have begun feeling the pinch of tightening lending rates by the Central Bank of Kenya (CBK), with the cost of loans by commercial banks already
- MoKo Home + Living, a Kenya-based home furniture manufacturer and omnichannel retailer, has raised $6.5 million during a Series B debt-equity funding round,
- KCB Group has disbursed KES 336 billion worth of loans in the last two years for projects that are eco-friendly as the lender deepens its push for sustainable
- The Kenya Shilling has continued to tumble against the US dollar, racing towards the 121 mark on Thursday, which could result in much higher cost of living.
- London headquartered multinational alcoholic beverage company Diageo plc has made an offer worth KES 22.73 Billion to acquire additional shares in its
- Africa’s annual exports are expected to double to $540 billion by 2030 from a decade earlier, mainly on the back of shipments from Nigeria to the Asian
- Agritech company, EzyAgric has partnered with Pezesha (a digital financial marketplace platform for SMEs) to offer a new product that brings Buy Now Pay Later
- Better environmental, social, and governance (ESG) market frameworks helped Kenya move up six points to eighth place out of 26 in the latest Absa Financial
- The National Assembly has released a schedule for vetting President William Ruto’s Cabinet nominees, Secretary to the Cabinet and the Attorney General,
- The Treasury has reintroduced regulations in Parliament that will earn whistleblowers who leak capital market fraud up to KES 5 million as the State moves to
- Nigeria is considering restructuring its debt and extending the repayment period of its credit obligations, and appointed consultants to advise the government
- Maize imports climbed over three times in the three months to June as traders rushed to take advantage of the government waiver of duty on imported grain to
- Ghana’s annual inflation rate accelerated for the 16th straight month to 37.2% in September of 2022, from 33.9% in August. It was the highest reading since
- Uganda is seeking potential partners in the coming year to develop East Africa’s first nuclear power plant. The project, expected to cost as much as $9
- Equity Bank has emerged as the Best Financier for Women Entrepreneurs at the Global SME Finance Awards 2022 organized by the International Finance Corporation
- The Energy and Petroleum Regulatory Authority (EPRA) has revealed that it is considering giving a licence to Tanzanian firm Taifa Gas Investment to construct
- NALA, a fintech startup that powers quick remittances from the UK and US to Africa, has launched a new feature that allows Kenyans in the diaspora to pay
- The National Social Security Fund (NSSF) will challenge the High Court ruling that stopped its bid to increase monthly contributions from the current Sh200 to
- The Capital Markets Authority (CMA) has granted a 'No Objection' to Ndovu app to roll out a robo-advisory solution to the mass market upon the successful
- The government has hinted at scrapping or amending the privatization act in the latest attempt to help financially struggling State-Owned Enterprise (SOEs)
- Copia Global, Kenya’s B2C e-commerce platform has appointed Caren Robb as Global Chief Financial Officer with immediate effect, as it deepens its focus on
- Italian multinational oil and gas company, Eni has exported its first cargo of vegetable oil produced in Kenya for biorefining in its Gela biorefinery in Italy.
- President William Ruto has announced the government's promise to privatise ten companies in the next year through the stock market to end the six-year listing drought at the Nairobi Stock Exchange (NSE).
- Pawa IT Solutions Ltd is a leading Cloud Computing Tech Company headquartered in Nairobi, Kenya. They focus on Google Cloud Technology and they take pride in
- The president visiting the NSE is good news to retail investors. New listings bring excitement back to the NSE only if listed companies are list-worthy.
- SBM Bank Kenya has signed an agreement with African Guarantee Fund (AGF) amounting to USD 10,000,000 aimed at increasing its financing of Micro, Small and
- Bloomberg Television, an American-based pay television network focusing on business and capital market programming, has today announced the expansion of its
- Consequently, tax authorities in East Africa find themselves between a rock and hard place, thereby left with no option but to deepen the tax base through
- Celo Foundation held its third Africa Web3 Fund workshop in Accra, Ghana, on Wednesday, 28th September 2022, on the sidelines of the Africa Money & DeFi
- President William Ruto and President Samia Suluhu Hassan have agreed on a working formula that will eradicate trade barriers between Kenya and Tanzania.
- Burundi’s falling forex reserves are placing the country in dire straits, needing an urgent reboot of its monetary policy as it also faces high inflation.
- Airtel Kenya has completed the process of separating its mobile money business from the telecommunications arm, with the new entity now operating as Airtel
