The International Renewable Energy Agency estimated Kenya had 106MW of grid-connected solar capacity at the end of 2020. Graphic created by Max Hall, using content from freevectormaps.com, for pv magazine The Emerging Africa Infrastructure Fund ( EAIF ) financed by the governments of the U.K., the Netherlands, Switzerland, and Sweden has provided a $35 million, […]
The Kenya Mortgage Refinance Company (KMRC) will repay the principal on its Sh1.4 billion corporate bond each year in a rare strategy that will reduce interest earnings for investors while fast-tracking the redemption of the debt. It will also lower the investment risk of the debt –which is unsecured and not guaranteed— unlike most corporate […]
PAN African music streaming service, Mdundo, has announced a 22 percent growth in its user base in the last quarter of 2021. The platform recorded 20 million users at the end of further quarter, up from 16.3m/-, in the third quarter and that is driven by strong demand for an easy-to-use music service coupled with […]
DUBLIN–( BUSINESS WIRE )–The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and community-based financial services associations. […]
Ratings agency Moody’s says small Kenyan banks suffering losses or facing insolvency are likely to become targets of acquisitions by their larger rivals over the next one-and-a-half years. The ratings firm says local lenders are witnessing a wide divergence in profitability, with 14 of the institutions in the smaller peer group reporting losses or negligible […]
Climate activists at the COP26 last year. PHOTO | AFP East African banks are under pressure from financial regulators to integrate environmental, social and governance (ESG) issues in their operations. At a virtual seminar convened by audit firm KPMG, participants agreed ESG is swiftly shifting from a moral responsibility to a mandatory legal requirement. “ESG […]
An electric taxi charging at a station. [Courtesy] Last month, Kenya Power and Lighting Company (KPLC) announced plans to roll out a national network of electric vehicle (EV) charging stations, with the goal of unleashing new revenue streams and diversifying their business. No details have been provided about how exactly they plan to fund and […]
Report Summary: The report titled “ Power Generation Market ” offers a primary overview of the Power Generation industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global Power Generation market considering competitive landscape, development trends, and key critical success factors (CSFs) […]
M-PESA is making its way to Ethiopia, the State Minister of Ethiopia’s Ministry of Finance has confirmed. Safaricom received its first license of operation in Ethiopia last year, but it did not allow for the setting up of the M-PESA mobile financial service. The government of Ethiopia suspended bids for a second license of operations […]
Showmax 1 Showmax and Safaricom have partnered to offer customers two months of streaming for the price of one. During the launch of this offer, representatives of both firms said the partnership will make it easier for Kenyans to pay for and watch their favourite shows on their mobile devices. The streaming company offers African […]
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