Kenya tea sales to Ireland rise on direct purchases
Kenya’s tea exports to Ireland continue to rise with volumes growing more than three fold in the first month of the year as a result of direct purchases of the commodity after Brex…...
Read More Forex deposits drop after demonetisation
Foreign currency deposits held by commercial banks declined by Sh12.9 billion last November, the second month after Central Bank of Kenya’s (CBK) demonetisation drive ended. CBK da…...
Read More Solar firm seeks Sh2bn for expansion
Pay-as-you-go solar energy company Azuri Technologies is seeking to raise Sh2 billion from private equity firm Sunfunder for expansion in Kenya. SunFunder, which has offices in Keny…...
Read More Safaricom seeks partners for billion-dollar Ethiopia entry
Safaricom has opened talks with undisclosed investors to form a consortium that will this year bid for one of two Ethiopian telecoms licences due to the high entry costs that are l…...
Read More StanChart eyes investors with mobile bonds app
Standard Chartered Bank (Kenya) has launched a mobile platform allowing investors to buy and sell bonds issued by the Kenyan government, marking increased automation of the Sh2.9 t…...
Read More Tanzania signs Ksh146 billion loan for SGR construction
Tanzania has signed a $1.46 billion (Ksh146 billion) loan agreement with Standard Chartered Bank Tanzania to fund the construction of 550 kilometres of Standard Gauge Railway (SGR) …...
Read More Is Kenya tapping its vast Big Data opportunities?
The term “Big Data” today attracts huge attention, mainly because of its power to help humans make informed decisions, turning it into an industry competition tool as new waves of…...
Read More New online payment solution to curb cyber fraud
Kenya’s fintech startup JointPesa has launched an online payment solution that will see online buyers and sellers cushioned against frauds. The new platform, dabbed ‘JointPesa, is…...
Read More Barclays life insurance officially changes to Absa life insurance
Following receipt of all regulatory approvals, Barclays Life Assurance Kenya limited has officially changed to Absa Life Assurance Kenya limited effective 10 February 2020. The chan…...
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