KNCCI, Equity Bank Ink Sh200bn Deal To Support Kenyan Businesses
NAIROBI, Kenya, Oct 13- The Kenya National Chamber of Commerce and Industry and Equity Bank on Tuesday signed a Memorandum of understanding (MoU), that will see the financial instit…...
Read More IFC to grow Middle East and Africa investments amid pandemic, lower oil prices
The International Finance Corporation plans to increase its investment in the Middle East and Africa during its current financial year to support private sector projects amid a weak…...
Read More Some 5000 businesses to receive GH¢50m support
A total of 5,000 businesses will be funded with a GH¢50 million seed capital under the Presidential Business Support Programme Window three to scale-up their businesses.Since t…...
Read More Sh28bn Railway City takes shape as authority formed
The much-awaited Sh28 billion Nairobi Railway City has started taking shape after the formation of the Railway City Development Authority (RCDA), a special purpose vehicle.The first…...
Read More Public-private sector investments needed for infrastructural development
Mrs Elsie Addo Awadzi, the Second Deputy Governor of the Bank of Ghana, said critical public-private sector investments in infrastructure over the medium-term will be key to increas…...
Read More Nigeria’s Access Bank injects $9m into Rwandan subsidiary
Nigeria’s largest retail bank, Access Bank Plc, has more than doubled its investment in its Rwandan subsidiary after acquiring Kenya’s Transnational Bank four months ago.Access …...
Read More Family Bank books 85pc rise in profit on improved lending
Family Bank has recorded 85 per cent jump in net profit for the three months to March as removal of the rate cap in November 2019 unlocked interest income.The lender’s net profit g…...
Read More First quarter real-time bank transfers rise fastest in six years
Bulk payments made through real-time bank transfers in the first quarter of 2020 rose at the fastest pace in six years, official statistics show. This partly signals progress in the…...
Read More Card payments up Sh1.6bn despite corona demand slump
The value of payments made through cards grew by Sh1.64 billion in the first three months of the year as the Covid-19 pandemic discourage cash handling.Central Bank of Kenya (CBK) d…...
Read More A Fintech & Innovations office for Bank of Ghana
The office will foster the growth and development of financial technology in the country. The move by the Bank of Ghana is long overdueand aims at entrenching cash-lite, electronic …...
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