BankingKenya’s Equity Bank appoints ex-World Banker as new COOInternational Finance DeskSeptember 3, 2019December 16, 2019 by International Finance DeskSeptember 3, 2019December 16, 2019 As the new COO, John Wilson will oversee Equity Bank Kenya’s operations at the group level... Read more
BankingMTN Nigeria launches new mobile financial servicesInternational Finance DeskAugust 30, 2019December 16, 2019 by International Finance DeskAugust 30, 2019December 16, 2019 The new scheme will enable cash transfers and payments through mobile connections... Read more
TechnologyWEF launches forum to help African startups compete globallyInternational Finance DeskAugust 29, 2019December 17, 2019 by International Finance DeskAugust 29, 2019December 17, 2019 WEF African Growth Platform will bring together governments, investors, and entrepreneurs to the ease funding... Read more
TelecomInvestigation: Telkom Kenya, Airtel Kenya merger stalledInternational Finance DeskAugust 29, 2019December 17, 2019 by International Finance DeskAugust 29, 2019December 17, 2019 Merger suspended on the basis of recapitalisation and misappropriation of funds at Telkom... Read more
BankingStandard Bank targets micro-merchants, invests in fintechInternational Finance DeskAugust 28, 2019December 16, 2019 by International Finance DeskAugust 28, 2019December 16, 2019 Standard Bank buys stake in local fintech firm Nomanini, which connects informal merchants with distributors via an e-wallet... Read more
TechnologyJapan woos African startups to counter China’s BRIInternational Finance DeskAugust 28, 2019December 17, 2019 by International Finance DeskAugust 28, 2019December 17, 2019 Japan to pledge more than 300 billion yen to Africa during the conference... Read more
Telecom9mobile receives $230 million as loan from African FinanceInternational Finance DeskAugust 26, 2019December 17, 2019 by International Finance DeskAugust 26, 2019December 17, 2019 The loan will be used to repay debts, finance costs, and to aid in the growth of the firm... Read more
Oil & GasKenya to export first ever oil consignment worth $12 mnInternational Finance DeskAugust 26, 2019December 17, 2019 by International Finance DeskAugust 26, 2019December 17, 2019 ChemChina buys 200,000 barrels of crude oil from Kenya, to be shipped from the Mombasa port... Read more
BankingKenyan banks seek amendment of interest rate capping lawInternational Finance DeskAugust 22, 2019December 16, 2019 by International Finance DeskAugust 22, 2019December 16, 2019 Kenya Bankers Association asks parliament to increase the interest rate capping limit for industries to flourish... Read more
BankingCBN deadline: Nigerian banks scramble for borrowersInternational Finance DeskAugust 16, 2019 by International Finance DeskAugust 16, 2019 Tier-1 banks with assets greater than or equal to N1 tn are luring borrowers in Tier-2 banks with attractive interest rates... Read more