Tag "Banking"

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Afternoon business highlights – November 15, 2017

AfDB President calls for partnerships to accelerate development in Africa The President of the African Development Bank Group (AfDB), Akinwumi Adesina, has called for more partnerships to accelerate development of

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Business highlights – November 14, 2017

Kenyan startups compete with rival innovators at World Bank’s Digital Acceleration Program Twenty of the most promising African digital start-ups are taking part in the XL Africa residency, the flagship initiative of

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Fusion Capital report ranks 2017 as one of the worst years for Kenya’s credit sector

2017 will be regarded as one of the worst years for both lenders and borrowers in Kenya, a new report from Fusion Capital, a private equity firm focused on real

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Afternoon business highlights – October 23 2017

Interest rate cap law may be revised but not scrapped, experts say The government is unlikely to scrap the law that introduced interest rate capping on loans despite the adverse effect

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Branch raises Ksh200 million in groundbreaking local commercial paper issue

Branch has has raised Ksh200 million through a commercial paper arranged by Nabo Capital. The mobile financial services company used its loan book as collateral for the facility in one

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Business highlights – September 21 2017

Thieving Kenyans responsible for Ksh621 million insurance sector loss Medical Insurance made an underwriting loss of Ksh621.64 million in 2016, an increase of 427% from 2015, the Insurance Regulatory Authority’s Annual Report

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Business highlights – September 20 2017

Online shopping platform Jumia set to introduce 700,000 new grocery and beauty products Online shopping portal Jumia intends to disrupt the grocery, beauty and baby products industry by introducing at least 700,000

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Afternoon business highlights – September 19 2017

Kenya moves to strengthen ties with UAE Kenya and United Arabs Emirates (UAE) have signed a bilateral agreement to establish a mechanism for political consultations aimed at strengthening existing bilateral relations and cooperation.

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Afternoon news headlines

News highlights Court due to give justification for nullifying August Presidential election The Judicial Service Commission has today held a meeting as Kenyans wait on the Supreme Court for an explanation as

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Business highlights – September 19

30,000 sorghum and barley farmers get Ksh2.2 billion from KBL Kenya Breweries Limited has committed to increase farmers’ payouts over the coming years to better the Sh2.2 billion the brewer paid