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
BankingFeaturedIFC to provide $50 mn loan to Equity Bank KenyaInternational Finance Business DeskJuly 23, 2020 by International Finance Business DeskJuly 23, 2020 International Finance Corporation's portfolio in Kenya recorded $884 million as of June 30, 2020... Read more
MagazineTechnologyThe rise of crypto adoption in AfricaWebAdminJuly 22, 2020August 11, 2020 by WebAdminJuly 22, 2020August 11, 2020 Facebook’s Libra and CBDCs are contributing factors to increase the popularity of cryptocurrency in Africa... Read more
FeaturedFinanceNigeria, Kenya, South Africa sees 613 VC deals in 6 yearsInternational Finance Business DeskJuly 13, 2020 by International Finance Business DeskJuly 13, 2020 It is reported that 21 percent of venture capital deals were achieved by African-owned companies established outside the continent... Read more
FeaturedTelecomTelkom Kenya to expand internet subscribers with LoonInternational Finance Business DeskJuly 10, 2020July 10, 2020 by International Finance Business DeskJuly 10, 2020July 10, 2020 Telkom's 4G balloon network known as Loon was launched in partnership with Google parent Alphabet... Read more
FeaturedFinanceSanlam Kenya seeks robust technology to enhance business growthInternational Finance Business DeskJuly 10, 2020 by International Finance Business DeskJuly 10, 2020 Sanlam Kenya provides a host of individual and corporate financial planning, insurance and investment solution... Read more
FeaturedLogisticsKPC spends Sh1.8 bn to revive Nairobi-Nanyuki RailwayInternational Finance Business DeskJuly 8, 2020 by International Finance Business DeskJuly 8, 2020 The Kenyan government is expected to generate more than Sh370.4 million revenue annually with the project's revival... Read more
FeaturedTelecomAirtel Kenya sees 9% rise in growth impacted by currency devaluationInternational Finance Business DeskJuly 6, 2020July 6, 2020 by International Finance Business DeskJuly 6, 2020July 6, 2020 The telecom operator's revenue growth was partially impacted by currency devaluation in Zambia and Kenya... Read more
ExclusiveFinanceAfrica sees surge in mobile money as pandemic continuesPritam BordoloiJuly 3, 2020July 3, 2020 by Pritam BordoloiJuly 3, 2020July 3, 2020 Mobile money is helping African nations curb the spread of Covid-19 by limiting the usage of physical cash... Read more