Banking and FinanceFeaturedCo-op Bank restructures loans worth Sh39.2 bn to support distressed clientsInternational Finance Business DeskAugust 14, 2020 by International Finance Business DeskAugust 14, 2020 The revenue streams of several businesses have been severely impacted by the protracted pandemic... Read more
Banking and FinanceFeaturedKepsa, Mastercard Foundation to loan to 400 MSMEsInternational Finance Business DeskAugust 14, 2020 by International Finance Business DeskAugust 14, 2020 Both organisations have established a fund which will provide financial aid to MSMEs largely affected by the pandemic... Read more
BankingFeaturedDTB Kenya to receive Sh5.4 bn loan from IFCInternational Finance Business DeskAugust 13, 2020 by International Finance Business DeskAugust 13, 2020 The loan will help the bank to finance SMEs that are largely affected by the protracted pandemic... Read more
AviationFeaturedKenya Airways plans to layoff 590 jobs in second phaseInternational Finance Business DeskAugust 13, 2020 by International Finance Business DeskAugust 13, 2020 Last month, it eliminated 700 staff members as part of the first phase of the exercise... Read more
BankingFeaturedCiti’s new five-year strategy to finance climate solutionsInternational Finance Business DeskAugust 13, 2020 by International Finance Business DeskAugust 13, 2020 The 2025 Sustainable Progress Strategy also comprises a $250 billion Environmental Finance Goal... Read more
FeaturedTechnologyTachyum’s new demo processor faster than Intel, NVIDIA chipsInternational Finance Business DeskAugust 12, 2020 by International Finance Business DeskAugust 12, 2020 The company has demonstrated how its computational operation and speed of its product design is a superior solution... Read more
EconomyFeaturedUK recession forces investors to explore overseas optionsInternational Finance Business DeskAugust 12, 2020 by International Finance Business DeskAugust 12, 2020 The economy contracted by 20.4 percent compared with the first three months of the year... Read more
FeaturedTechnologySmarsh enterprise solution seeks to support compliance teamsInternational Finance Business DeskAugust 12, 2020August 12, 2020 by International Finance Business DeskAugust 12, 2020August 12, 2020 The Enterprise Supervision is available through Microsoft One Commercial Partner (OCP) programme... Read more
FeaturedInsuranceReale Mutua issues its first fully digital surety bondInternational Finance Business DeskAugust 11, 2020 by International Finance Business DeskAugust 11, 2020 The bond is a part of the national project promoted by CeTIF, SIA and Reply, in collaboration with Banca d’Italia and IVASS... Read more
EnergyFeaturedEDF, Ibereólica granted approval for financing extension of Cabo Leone 1 wind farmInternational Finance Business DeskAugust 7, 2020 by International Finance Business DeskAugust 7, 2020 Both firms plan to additionally include 12 turbines leading up to a total capacity of 175.5MW in the extension project... Read more