Uganda Securities Exchange (XUGA)
Kenya Airways Fleet The Kenyan government has scrapped its plan to renationalise Kenya Airways (KQ, Nairobi Jomo Kenyatta ) but instead will protect its financial interests during a USD1 billion restructuring of the flag carrier that will include a USD827 million debt take-over and a USD473 million cash injection, the International Monetary Fund (IMF) has […]
Equity Bank headquarters in Upper Hill area, Nairobi/REUTERS Equity Bank will settle withdrawals sent via PayPal within a day down from three days, a move likely to improve the settlement of international transactions in Kenya. This is good news especially for thousands of online writers who use the platform to receive payments from their offshore […]
Kenya Revenue Authority headquarters in Kenya’s capital Nairobi. The taxman says access to the metering database at Kenya Power has proved effective in nabbing property developers who have been evading taxes. PHOTO | FILE | NMG The Kenya Revenue Authority has singled out data on persons applying for electricity as the major source of information […]
The Kenya Mortgage Refinance Company (KMRC) is targeting to raise an initial Sh1.4 billion in its bond issuance that will eventually see the company take a total of Sh10.5 billion for onward lending to financial institutions. The company on Wednesday received approval from the Capital Markets Authority (CMA) to roll out the medium-term bond programme. […]
By embracing a single African air transport market, the continent could grow the aviation industry, create more jobs and allow people to travel regionally. Cooperation in Africa’s air travel could create at least 155,000 jobs and $1.3 billion more in economic growth. It could also stop the situation where travelling to Europe is cheaper than […]
Nigeria’s leading multi-merchant rewards platform ThankUCash has raised $5.3 million in seed funding. The seed round was co-led by 500 Global and Unicorn Growth Capital with participation from Expert Dojo, Predictive VC, SaaS growth Ventures, Betatron Hong kong, Accelerex Holding, Andrew Dell (former CEO of HSBC), Craig Fenton (Director, Strategy & Operations At Google), among […]
It is signed and sealed. Ugandans now own 15% of MTN Uganda. This follows the successful completion of the MTN Initial Public Offering which culminated into the listing of the telecom on the Uganda Securities Exchange. The listing was a regulatory obligation of the telecom in fulfillment of its second national telecom operator licence in […]
The International Finance Corporation (IFC), a member of the World Bank Group, recently announced a partnership with Bank of Africa (BOA) Kenya to expand its lending to women-led and climate-focused small and medium-sized enterprises (SMEs). IFC will reimburse BOA Kenya for half of the losses it may incur on a set of loans to qualifying […]
From left: Kenya Mortgage Finance Company (KMRC) Head of Risk and Compliance Florah Muthaura, IFC Business Development Lead for Financial Institutions East Africa Jes Chonzi, KMRC CEO Johnstone Oltetia, IFC Manager for Sub-Saharan Africa Gokhan Kont, KMRC Head of Legal Services Elisha Nyikuli and Head of Credit Geofrey Mwaura during a business meeting to discuss […]
Nakuru County Government has inked a deal with Kenya Commercial Bank (KCB) aimed at offering training and affordable financing to over 2,000 Small and Medium Enterprises (SMEs) within the devolved unit. Governor Lee Kinyanjui said his administration was partnering with the bank to offer credit facilities at a 12.5 per cent interest rate per annum, […]
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