MTN has sold all its stake in Jumia as an effort to streamline its portfolio and cut debt by disposing off non-core business. Proceeds from the sale valued at $142 million will be used to pay off debt. The Group announced the…
Equity Group has signed a Sh10.8 billion ($100 million) loan agreement with French development institution Proparco for onward lending to small and medium-sized enterprises (SMEs). The bank’s chief executive James Mwangi said the funds would be deployed to help Kenyan enterprises alleviate…
Search Engine Giant Google has launched a $1 billion initiative to pay news publishers who create content on its new product, the Google News Showcase. The product will first appear on Google News for Android, offering rolling panels for partner publishers to…
Announced 3rd October at a function graced by education minister, Prof Magoha. KCB Bank Kenya announced a commercial commitment to aid the rapid reopening of public and private schools with a wide variety of financial support solutions including loans of up to…
Kenyan women are expected to benefit from a Sh300 million fund under the White House led Women’s Global Development and Prosperity Initiative, with an aim of empowering them economically. The programme was launched on Monday by the visiting Acting Administrator of the…
The World Investor Week (WIW) 2020 has kicked off with capital markets regulators across the world educating and engaging the public on relevant investing topics. Amid this, Bitcoin prices rose higher on Monday as investors’ confidence in blockchain technology increased after comments…
Banks, Money Lending Apps and institutions will begin to forward names of loan defaulters to credit reference bureaus (CRBs) for blacklisting according to a statement from the Central Bank of Kenya. The financial regulator has opened the way for institutions to follow…
We already have seen what Tecno Camon and Tecno Camon 16 Pro got to offer. In this space we take a look at what to expect on Tecno Camon 16s smartphone. Tecno Camon 16s is speculated to be launched in the country…
Greenlight Planet Inc., the largest provider of solar-powered home energy products in sub-Saharan Africa and South Asia, has secured $90 million in new funding to expand its Pay-As-You-Go (PAYG) solar consumer financing business and consolidate its debt portfolio. Akira Partners and Orrick…
Harambee Sacco has unveiled two loan products to enable its members who own property to access money through mortgage financing to develop it, and others to directly purchase ready. In the two loan facilities; Home Loan and Jenga Loan, the Sacco offers…
