Kenya to float New Eurobond before end of 2021
Kenya has written to the International Monetary Fund(IMF) indicating its intention to float a new Eurobond before the end of this year. In a Memorandum of Economic and Financial Policies [...]
Paylend, a Kenyan FinTech raises $2 Million from Next Chymia Consulting
Paylend, a Kenyan FinTech start up focused on providing access to finance and digitizing micro, small and medium-sized enterprises in Kenya has raised $2 million seed investment from Next Chymia [...]Financial Services Access in Kenya increases to 83.7% Driven by Technology Central Bank FinAccess Survey
Financial services access increased overall to 83.7 per cent in 2021, from 82.9 per cent in 2019, mainly driven by the use of technology according to the FinAccess Household Survey [...]CFOs in Manufacturing Embrace technology to improve business processes SYSPRO Report
Traditionally, the role of the CFO has always been more comparable to someone focused on crunching the numbers with more focus on history – generating reports about the past through [...]
Kenya's Economic Growth Rebounds by 10.1% in Q2, 2021
Kenya recorded an accelerated growth in Gross Domestic Product (GDP) of 10.1% compared to a contraction of 4.7% in the same quarter of 2020. According to the latest statistical report [...]Equity Bank Named Africa’s Best Bank for SMEs at Euromoney 2021 Awards
Equity Bank has been named Africa’s best bank for Small and Medium Enterprises (SMEs) in the 2021 Euromoney awards. According to Equity Group Managing Director and CEO, Dr James Mwangi, [...]Stanbic Appoints Ms Wambui Kihuha-Mbesa as Board Director
Stanbic Holdings Plc Board of Directors has appointed Ms Wambui Kihuha-Mbesa as an Independent Non-Executive Director on the Board, with effect from 8th September 2021. Ms Mbesa, a seasoned technology [...]IM Bank Receives $50 Million IFC Loan to Support SMEs in Kenya
The International Finance Corporation (IFC) has partnered with FMO, a Dutch development bank, to assist small businesses in Kenya by providing funds for working capital, expansion, and to weather the [...]
WPP Scan Group NBV Delay Full-Year Results Until 31st August
Marketing and communication company, WPP Scan Group, and Nairobi Business Ventures will delay the release of their 2020 full-year results until 31st August according to separate statements issued by the [...]Centum Posts KSh1.37 Billion Full-Year Net Loss, Changes its Dividend Policy
The giant investment company Centum Investment reported a KSh1.37 billion full-year net loss for the period that ended on 31st March 2021, from a net profit of KSh4.6 billion in [...]UAP Old Mutual, KICD Ink KSh 21 Million Financial Literacy Deal
Financial literacy is to be integrated into the newly launched competency-based curriculum dubbed Learn. Think. Do. This is through a KSh 21 Million partnership between UAP Old Mutual Group and [...]Kenya's Five-Month Mobile Money Transactions Climb 56% to KSh2.7 Trillion From a Year Ago
Mobile money transactions have been on the rise in recent months as more Kenyans prefer digital payments to cash payments. The onset of the covid19 pandemic pushed businesses and consumers [...]
