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
BankingFeaturedFamily Bank, Isuzu East Africa support SMEs with 95% financing payableInternational Finance Business DeskJuly 1, 2020 by International Finance Business DeskJuly 1, 2020 It is reported that the financing payable is within 60 months on a 90-days repayment holiday... Read more
FeaturedTelecomKenya extends free mobile money transactions for cashless paymentsInternational Finance Business DeskJune 30, 2020June 30, 2020 by International Finance Business DeskJune 30, 2020June 30, 2020 For that reason, the central bank has extended free mobile money transactions less than Sh1,000... Read more
Banking and FinanceFeaturedKenya attracts venture capital deals worth Sh74.3 billionInternational Finance Business DeskJune 26, 2020June 26, 2020 by International Finance Business DeskJune 26, 2020June 26, 2020 South Africa ranks first recording deals worth Sh795 million... Read more
BankingFeaturedStandard Chartered extends Sh650 bn in financing for businessesInternational Finance Business DeskJune 23, 2020 by International Finance Business DeskJune 23, 2020 The loan extension will allow businesses to cope with the pandemic's impact... Read more
BankingFeaturedAbsa Bank restructures over 50,000 loan facilities for KenyansInternational Finance Business DeskJune 15, 2020 by International Finance Business DeskJune 15, 2020 Absa Bank's restructuring is part of its commitment to protect customers from the adverse effects of the coronavirus pandemic... Read more
FeaturedOil & GasPetroleum dealers in Africa hoard fuel productsInternational Finance Business DeskJune 10, 2020June 11, 2020 by International Finance Business DeskJune 10, 2020June 11, 2020 The Energy and Petroleum Regulatory Authority has issued a warning with financial penalties, jail terms and permanent revocation of licences... Read more
FeaturedForexKenya’s forex reserves reach Sh$9.26 billionInternational Finance Business DeskJune 9, 2020June 9, 2020 by International Finance Business DeskJune 9, 2020June 9, 2020 Kenya's local currency has strengthened against regional and international currencies... Read more