Financial

Tax relief for Kenyan businesses

Tax relief for Kenyan businesses

Dec. 17 2019 -- Micro, small and medium enterprises (MSMEs) in Kenya may soon pay less tax after President Uhuru Kenyatta directed the Kenya Revenue Authority and the National Treas…...

Read More
Kenya forex industry mulls partnership with Chinese fintechs to boost revenues

Kenya forex industry mulls partnership with Chinese fintechs to boost revenues

NAIROBI, Dec.17 (Xinhua)-- Kenya foreign exchange (forex) dealer industry is considering entering into a partnership with Chinese financial technology (fintech) firms in order to bo…...

Read More
Ghana's GhIPPS, eTranzact unveil Gh-Link EMV Card for financial inclusion

Ghana's GhIPPS, eTranzact unveil Gh-Link EMV Card for financial inclusion

Dec. 17 2019 - Charles Ayitey | JoyBusiness - The Ghana Interbank Payment and Settlement Systems (GhIPPS) in conjunction with electronic payments and aggregation solutions firm, Etr…...

Read More
IMF poised to approve landmark $3bn loan for Ethiopia

IMF poised to approve landmark $3bn loan for Ethiopia

Dec. 11 2019 -- Programme will provide balance of payments support for cash-strapped economyJames Politi in Washington and David Pilling in Abu Dhabi DECEMBER 11 2019Print this page…...

Read More
Bankia opens Morocco office to support Spanish companies' global expansion

Bankia opens Morocco office to support Spanish companies' global expansion

By Eugenia Jimenéz - Spanish lender Bankia has opened a representative office in Casablanca (Morocco) in a bid to support the international expansion of Spanish companies abroa…...

Read More
Forum flags hurdles in bid to plug gender financing gap in Africa

Forum flags hurdles in bid to plug gender financing gap in Africa

Lenders have been urged to advance more credit to women entrepreneurs in efforts to seal the existing finance gap.A forum held in Kigali, Rwanda, which brought together stakeholders…...

Read More
Egypt’s top lender seeks approval to buy Mayfair Bank

Egypt’s top lender seeks approval to buy Mayfair Bank

Egypt’s largest private lender is planning to buy a controlling stake in Kenya’s Tier III Mayfair Bank in a transaction that is set to intensify deal-making in the local banking s…...

Read More
ScanGroup, farm stocks offer best dividend yield

ScanGroup, farm stocks offer best dividend yield

Commercial and agricultural sector firms top listed companies with the highest dividends relative to their share prices, according to data compiled by Standard Investment Bank (SIB)…...

Read More
Kenya beats Nigeria in banks’ efficiency

Kenya beats Nigeria in banks’ efficiency

Kenyan banks are making more money from their customers compared with their much larger Nigerian counterparts thanks largely to technology, ratings agency Moody’s says in a new rep…...

Read More
Kenyan youth: We save, run businesses and are in farming

Kenyan youth: We save, run businesses and are in farming

A majority of Kenyan youth invests their savings in business and agriculture, a new survey shows, providing a hint about the financial habits of the largest portion of the country’…...

Read More