KCB Group secures Sh 10 Billion facility from AFDB to lend to SMEs
The African Development Bank and KCB Bank have today signed a USD 100 million Line of Credit Agreement, to be used for lending to corporate businesses, Small and Medium Enterprises [...]
Tala Secures Sh6.5B in Series C Funding to Boost its Lending Services
Tala, one of Kenya's leading mobile lending apps has announced that it has acquired Sh6.5 billion in its Series C funding. The funds will be used in product development, increasing [...]
Twiga Foods to Offer Blockchain-Based Microloans to Food Kiosk Owners in Kenya
Twiga Foods has introduced a blockchain-based microfinancing product that is accessible by 220 food stall retailers across Kenya. The blockchain-based product has been released at a time when the government [...]Tanzania's Economy Grows by 7.1% in 2017
Tanzania’s Prime Minister Kassim Majaliwa has said that the country's economy grew by about 7.1 percent last year, surpassing the revised government forecast. He attributed the economic growth to increased [...]Australia’s largest impact entrepreneur investor YGAP opens Kenya Office
YGAP, the largest impact entrepreneur investor in Australia, has today launched her Kenyan office in a bid to support thousands of social entrepreneurs impacting persons living in poverty. The YGAP [...]T-bill auction: Govt accepts Ksh 20.8B worth of bids
This week the Central Bank of Kenya offered 91, 182 and 364 Days Treasury bills for a total of KES 24.0B. The total bids received were KES 20.9B, an undersubscription [...]Nigeria's population hits 198 Million, 7th Largest in the World
According to Nigeria's National Population Commission (NPC), the country's current population stands at 198 million people with urban population growing at an average annual growth rate of about 6.5 percent. This [...]Kenya; Foreign companies warned against importing construction materials
Foreign companies have been warned against importing construction materials once they land lucrative Government contracts. Speaking while moving the Petroleum Exploration, Development Production Bill, majority leader in parliament Aden Duale [...]M-Pesa Awarded GSMA Mobile Money Certification
Safaricom’s M-Pesa mobile money service has successfully passed the GSMA Mobile Money Certification, a global initiative that defines and promotes excellence in the provision of mobile money services. In a statement, [...]Communications firm Edelman to release first ever East Africa results of Edelman Trust Barometer
Edelman, the leading global communications-marketing firm, will on April 18th release the first ever East Africa results of its 2018 Edelman Trust Barometer. The event, which is being done in partnership with [...]Kenya Airports regulator Hikes parking fees at JKIA
Kenya Airports Authority, the state owned agency mandated to manage all airport resources in the country, has increased parking fees within the Jomo Kenyatta International Airport (JKIA) with immediate effect. Motorists [...]Medical personnel in Zimbabwe Risk 2 Year Jail term for Duty Negligence
Medical personnel in Zimbabwe will be jailed for 2 years or pay a fine of up to $5 000 for negligence on duty if the proposed 2017 Health Bill is [...]
