KCB Group Redesigns its Mobiloan Product as Virus hits Loan Book
KCB Group has put into top gear, plans to pull the plug on its Mobiloan product, to be replaced by its freshly minted version dubbed Vooma loan, effective 23rd December, [...]
Kenya Signs Multilateral Convention to End Tax Avoidance
Kenya has signed a multilateral convention to end tax avoidance in a conference in France. The convention was ratified by 130 countries. Over 130 countries are implementing 15 Actions to [...]
Mali and Ghana to Establish a Startup Act
African countries like Mali and Ghana are working to create a startup act aimed at creating a favourable environment for young entrepreneurs. According toWee Tracker, the African countries follow in [...]
Kenya’s Banking Industry Earns Favourable Rating
A repeal of the rate cap law and more mergers and acquisitions in Kenya’s banking industry continues to attract favourable credit ratings. South African-based SP Global Ratings, in its latest [...]CBK Issues Treasury Bills Worth KSh 24 billion Afresh
The Central Bank of Kenya (CBK) has tendered a new batch of Treasury Bills in an auction that is seeking KSh 24 billion. “The actual amount to be realized from [...]KenGen Delays Release of Financial Results
Kenya Electricity Generating Company (KenGen) has announced a further delay in the release of audited financial results. State corporations are required to publish their audited financial results within 3 months [...]Authorities Fight Illicit Trade on Kenya-Ethiopia Border
Kenya Revenue Authority is intensifying efforts to end illicit trade along the Kenya-Ethiopia border. Smugglers have been taking advantage of the porous Ethiopian border in areas such as Sessi, Laga, [...]Citigroup Appoints New Head for Sub Sahara Africa
Citigroup has appointed Akin Dawodu as head of its Sub-Sahara Africa business. The group said, Dawodu will drive Citigroup's business in the 11 regional countries and 21 non-presence countries in [...]CBK Grants a License to Muungano Microfinance Bank
Central Bank of Kenya has granted an operational license to Muungano Microfinance Bank Plc. The license will enable Muungano to carry out community-based microfinance banking business. With this, Muungano becomes [...]Kenya Power Postpones AGM After Delay in Results Publication
Kenya Power has issued a notice that it will delay the publications of its financial statements for the year ended 30th June 2019. As a result, the company has postponed [...]Kenyan E-Commerce Platform Copia Raises $26 Million for Expansion
Kenyan e-commerce platform Copia has raised $26 million (KSh2.6 billion) in a Series B funding round led by LGT Lightstone. The six-year-old company will use the funding to expand across [...]Francis Wabuke Appointed as Mumias Sugar Acting General Manager
KCB has appointed Francis Wabuke as the General Manager for Mumias Sugar in acting capacity. This comes after the miller was placed under receivership in September this year. Since then, [...]
