70% of Digital Loan Defaulters Likely to Default Again
CreditInfo Credit Referencing Bureau (CRB) has recently released a report with data about loan defaulters. The report states that about 70% of mobile loan defaulters are likely to borrow again [...]
Alibaba Debuts in Hong Kong Stock Exchange
Alibaba has listed on the Hong Kong Stock Exchange in one of the most anticipated stock offerings. Daniel Zhang, Alibaba's chairman expressed his gratefulness in Alibaba's return to Hong Kong. [...]
AfDB Commits to Support Women in Business in Kenya
The Africa Development Bank (AfDB) has made a commitment to support Kenyan women after a meeting with the First Lady Margaret Kenyatta. Ms Nnena Nwabufo, AfDB's Deputy Director-General, agreed to [...]
Delay in Payment of Bills Affecting Businesses
Delay in payment of bills by the government is negatively affecting businesses. According to Kenyan manufacturers, there is low liquidity in the market which has resulted in massive lay-offs by [...]
China's $2 Billion Deal with Ghana Lacks Transparency
The Chinese government recently funded a road construction project in Ghana. It is part of a $2 billion infrastructure deal that will give Beijing access to Ghana's reserves of Bauxite, [...]
City Hall Revenues Decline by 16%
A report tabled before county assembly states that City Hall collected about KSh 1.49 billion in three months to September. This was a 16% decline from revenues collected in a [...]
Africa Finance Corporation Signs $140 Million Kimchi Term Loan Facility Deal
Africa Finance Corporation (AFC) has closed its first $140 million Kimchi term loan facility. The loan facility is AFC's first Korean instrument. The closing of Kimchi loan facility, therefore, represents [...]
Dangote Industries to Invest $2 Billion in Togo Project
Dangote Industries is seeking to invest $2 billion in a phosphate project located in Togo. If the project succeeds, Togo will become the main supplier of the phosphate fertiliser in [...]
CBA Group Q3 2019 summary
Commercial Bank of Africa (CBA) released their Q3 results for the period ended 30th September 2019. It reported a total interest income of Ksh 15 billion; a 2% increase from [...]
NIC Bank Q3 2019 Summary
NIC Bank (Now part of NCBA Group) released its Q3 results for the period ended 30th September 2019. It reported an interest income of Ksh 13.8 Billion, an increase of [...]
Custom World Seeks to have its Kigali Facility Run E-Commerce Activities
Custom World is seeking to have its Kigali facility run as a regional e-commerce hub. The facility, dubbed Dubai Ports World Kigali Logistics Platform, is an inland cargo handling facility. [...]
Kenya Govt Seeks to Cut Public Wage Bill by Ksh 182 billion
The government has assembled a three-day conference to discuss on the plans to cut public wage bill by about Ksh 182 billion. The conference aims to discuss the country's rising [...]
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