Standard Chartered extends Sh650 bn in financing for businesses
The loan extension will allow businesses to cope with the pandemic's impact...
Tag : Kenya
Absa Bank restructures over 50,000 loan facilities for Kenyans
Absa Bank's restructuring is part of its commitment to protect customers from the adverse effects of the coronavirus pandemic...
Petroleum dealers in Africa hoard fuel products
The Energy and Petroleum Regulatory Authority has issued a warning with financial penalties, jail terms and permanent revocation of licences...
Kenya’s forex reserves reach Sh$9.26 billion
Kenya's local currency has strengthened against regional and international currencies...
NCBA Bank develops rationalisation strategy to merge branches
With this decision, NCBA Bank's number of branches in Kenya will reduce to 68...
Kenya ranks second in Africa for best pension systems: Report
In this context, South Africa is leading the continent and ranks 44 globally...
Kenya Airways records a 12% increase in revenue for 2019
This is attributed to the expansion of the network, improved passenger, cargo, ancillaries, and other revenue streams...
Africa’s is booming with an increased number of fintechs
According to the International Monetary Fund, the continent's informal economy is conducive to startups with a pool of unbanked and underbanked population...
IMF lends $739 mn to Kenya; foreign reserve rises 9%
The country's usable foreign exchange reserves increased to $8,532 mn as of May 14...
Okolea International restructures loans for 40,000 clients
Clients can receive up to Sh1 mn loans instantly into their banks accounts using the app...