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Recent News

Equity gets Sh10.8bn for lending to SMEs
Google to Pay $1 Billion to News Publishers on Google News Showcase
KCB Boosts Schools Reopening With Up To Sh250mn Secured Loans
Kenyan Women Entrepreneurs to Benefit from Sh3.2bn White House Initiative
Bitcoin Trades higher After SEC Jay Clayton Commends Blockchain
Listing Loan Defaulters with CRBs Resumes
Greenlight Planet; A Solar Solutions Company Secures US$90 Million Investment
Harambee Sacco unveils Sh3b mortgage re-finacing facility for members
Tomoca Coffee Opens Shop at Two Rivers Mall
Kenyatta Extends Business Relief Measures

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Capital News

Georgia opposition unites to oust billionaire’s party in poll October 31, 2020
Tbilisi, Georgia, Oct 31 – Georgia went to the polls Saturday in tightly contested parliamentary elections pitting an unlikely union of opposition forces against the increasingly unpopular ruling party led by the country’s richest man. Nestled between the Caucasus mountains and the Black Sea, Georgia is seen as a rare example of a democracy among […]
Wamunyinyi-led FORD Kenya faction to hold Delegates Congress in November October 31, 2020
NAIROBI, Kenya, Oct 31 – The fight to control Ford Kenya is set to escalate in coming months ahead of a planned National Delegates Congress by a faction led by Kanduyi lawmaker Wafula Wamunyiyi. The party’s demoted Secretary General David Eseli Simiyu said in a notice published on Saturday the Party will hold the NDC […]
China manufacturing growth eases in October but remains strong October 31, 2020
Beijing, China, Oct 31 – Factory activity in China dipped slightly in October, according to official data published Saturday, but remained in growth territory as the world’s second-largest economy continued its recovery after being hammered by the coronavirus. The closely watched Purchasing Managers’ Index (PMI) is a key gauge of manufacturing activity in China, which […]
Covid-hit Slovenia cools on famous daughter Melania October 31, 2020
Sevnica, Slovenia, Oct 31 – In contrast to the enthusiasm evident four years ago in Melania Trump’s homeland Slovenia as she ascended to the status of US First Lady, now even her hometown has cooled on the country’s most famous daughter. In 2016 Slovenia’s media followed the US presidential campaign with bated breath, but now […]
Biden knocks Trump as rivals barnstorm heartland in election finale October 31, 2020
Saint Paul, United States, Oct 30 – Joe Biden intensified his attacks Friday on President Donald Trump as they battled over the American Midwest, chasing every last vote with four days to go in a region that propelled the Republican to victory in 2016. Trump and Biden barnstormed three heartland states each, but the race […]
America’s other candidates: From Kanye to Phil Collins (not that one) October 31, 2020
Washington, United States, Oct 31 – They include Kanye West, a former child actor, a libertarian and a prohibitionist named Phil Collins. A list of minor candidates are also on the November 3 US presidential election ballot beyond those from the two major parties — some more serious than others. – Kanye West – The […]
26 dead, buildings collapse as major quake hits Turkey, Greece October 31, 2020
Bayraklı, Turkey, Oct 30 – Rescuers dug through heavy blocks of concrete with their bare hands Saturday in a desperate search for survivors from a powerful earthquake that levelled buildings across Greece and Turkey, killing at least 26 people. The quake struck late Friday afternoon, causing a mini-tsunami on the Aegean island of Samos and […]
US, Europe coronavirus cases soar, but Trump defiant days before vote October 31, 2020
Washington, United States, Oct 30 – The United States saw a record number of new coronavirus infections for the second day running Friday, with more than 94,000 cases reported just days before voters decide if President Donald Trump should remain in the White House. The skyrocketing caseload helped push the US tally past nine million […]
Tanzania’s Magufuli: ‘Bulldozer’ who flattened freedoms October 30, 2020
STONE TOWN, Tanzania Oct 31 – Tanzanian President John Magufuli came to power as a no-nonsense man of the people nicknamed The Bulldozer, but along with popular efforts to clean up graft, he has been accused of crushing dissent and stifling democracy. The 61-year-old on Friday won a second term in office with a resounding […]
Magufuli re-elected in Tanzania by landslide victory October 30, 2020
STONE TOWN, Tanzania Oct 31 – Tanzanian President John Magufuli won a resounding election victory Friday with 84 percent of votes in a poll his main rival said was riddled with irregularities such as ballot box stuffing. Magufuli’s main challenger, the Chadema party candidate Tundu Lissu, 52, won only 13 percent of the vote, after […]

Business Briefs

Magufuli wins vote by a landslide
His main challenger, the Chadema party candidate Tundu Lissu won only 13 percent of the vote.
Betting regulator blocks Sportpesa return
Betting Control and Licensing Board stops Milestone Games Limited from operating under the popular Sportpesa gaming brand.
Inflation rises to five-month high in October
Increased food, transport, and electricity prices drive up inflation to 4.84 per cent.
Kenya Airways pushes to pay pilots per flight
Kenya Airways is pushing to have its pilots paid per trip as the national carrier seeks a lower wage bill to weather the coronavirus storm that has crushed air travel demand.
Judges quash fuel VAT, M-Pesa tax over Senate snub
Court declares 23 laws passed without Senate’s approval unconstitutional
Al Shabaab Sh20bn tax collection revealed in fresh probe
The Somali insurgent group al Shabaab collects almost as much tax as the government through a sophisticated system of levies on activities from importing goods to irrigating crops.

Business Uganda

Regional equities drive yields for local investors
In its results released during the annual general meeting recently, Xeno founder, Aeko Ongodia, said regional equity funds performed the best among its funds while domestic equities recorded the worst performance.
Housing Finance, Absa top insurance earnings
According to data from Insurance Regulatory Authority (IRA), banks contributed 5.7 per cent of the total gross written premiums by the insurance sector in the first quarter of 2020.
Agriculture posts better growth than other sectors
However, this was lower than the 5.4 per cent that the three sectors posted in the 2018/19 financial year.
Annual gold earnings rise to Shs5.4 trillion
Data from the Central Bank indicates that gold earned Uganda more foreign exchange than any other export with a monthly average of $112.67m (Shs422b).

Business Tanzania

NMB Bank’s profit jumps 76pc in Q-3
NMB Bank Plc’s cumulative profit before tax jumped by 76 percent in the third quarter of this year (Q-3/2020), propelled by Tanzania’s sustained economic growth momentum despite the outbreak of the Covid-19 pandemic earlier this year.
CRDB pre-tax cumulative profit up 29pc
CRDB Bank Plc reported a 29 percent improvement in profit before tax during the third quarter of 2020, fueled by growths in interest and non-interest income streams as the financial services sector recovers from the Covid-19 pandemic.
Villains: Inflation, depreciation - 2
The ink had barely dried on my piece last Thursday (October 15, 2020) on ‘inflation’ and ‘depreciation’ when I received three responses from readers questioning the questions I raised in that article.
Knowing customers’ needs boosts returns investment
Today, every business has a burning platform: a friction point between their customers’ expectations and offerings that are disrupting their business. The longer they wait to solve it, the more likely it is to wreck their business.

Business Rwanda

What next for flood prone Gisagara region?
Author(s): Michel NkurunzizaOver 1,600 rice farmers in Nyiramageni marshland in Gisagara District are awaiting government bailout to help them recover from disaster-
How fixed savings accounts work
Author(s): Edwin AshimweNormally, when one is seeking an ideal account to receive salaries and funds that could be used to pay bills or cover other expenses, a c
Is counterfeit money increasingly becoming common?
Author(s): Edwin AshimweLast week, Rwanda National Police (RNP) arrested two young men in Rusizi District, on suspicion of possession of coun
How savings groups have led Kigali women to profitable businesses
Author(s): Michel NkurunzizaWomen in Nyamirambo Sector in Nyarugenge District are reaping big from different businesses they ventured into thanks to three created sa

Business Ghana

MTN launches insurance scheme for MoMo agents
Mobile Money Limited, a subsidiary of MTN Ghana, has initiated an insurance scheme for more than 190,000 mobile money (MoMo) agents of the company across the country.Dubbed the MTN Mobile Money Agents Insurance Scheme, it seeks to protect agents of the telecommunication giant against loss, damage, illness or death in their line of duty.The insurance […]
Parliament approves GH¢27.4 billion budget for first quarter of 2021
Parliament has by resolution approved the GH¢27.4 billion the government is requesting for expenditure for the first quarter of 2021.The approval came barely two days after the Minister of Finance, Mr Ken Ofori-Atta, came to the House to request the approval of the amount as expenditure in advance of appropriation to carry on the services […]
NEIP initiate moves to draft a Ghana Start-up Act
A Technical working committee charged with drafting a Ghana Start-Up Act to support entrepreneurship development and job creation has been inaugurated in Accra.Being spearheaded by the National Entrepreneurship and Innovation Programme (NEIP), the committee will within a three-month period embark on a nationwide stakeholder engagement to come out with a draft Ghana Start-up Bill.At the […]
Mastercard Foundation to empower 30 million African youth
The Lead, Youth Engagement of Mastercard Foundation, Mrs Kafui Mills-Odoi, has underscored its commitment to support African governments in finding solutions to Africa’s youth unemployment challenge.One of Mastercard’s key interventions in resolving the unemployment challenge, she explained, was the Young Africa Works strategy, an intervention which would target 30 million young Africans in the next […]

Business Nigeria

NNPC/FIRST E&P JV achieves production in OMLs 83/85
The Nigerian National Petroleum Corporation (“NNPC”) and FIRST Exploration and Petroleum Development Company (“FIRST E&P”) Joint Venture is pleased to announce the commencement of oil production... The post NNPC/FIRST E&P JV achieves production in OMLs 83/85 appeared first on The Guardian Nigeria News - Nigeria and World News.
LCCI postpones yearly trade fair over disruptions, protests
The Lagos Chamber of Commerce and Industry (LCCI) has announced the postponement of the 2020 edition of the Lagos International Trade Fai due to the economic disruptions brought about by the COVID-19 pandemic and the recent Endsars protests across the nation. According to the Chamber, the fair which will feature both physical (In-person) and virtual […]
KAEDCO commences distribution of 1 million prepaid meters
Kaduna Electricity Distribution Company, otherwise known as Kaduna Electric (KAEDCO), said Wednesday, will kick-off the distribution of one million prepaid meters to electricity consumers under its franchise states of Kaduna, Kebbi, Sokoto, and Zamfara on Friday (today). Managing Director and Chief Executive Officer, KAEDCO, Garba Haruna, disclosed this during an interactive session with journalists in […]
A new national carrier in wrong time zone
The Federal Government recently hinted at the plan to float a new national carrier already christened Nigeria Air. But the controversial venture is coming at a time of lean resources, global downturn, and investors’ fatigue, amid an unfriendly local environment for airlines’ survival. WOLE OYEBADE writes. After the 2018-botched take-off of the new national carrier, […]

Business Zim

FPR to get more forex for gold
TREASURY is working on measures to ensure Fidelity Printers and Refiners (FPR), the country’s sole authorised gold buyer, gets adequately funded with US dollars for timely payment of gold deliveries to curtail smuggling, a Cabinet Minister has said.
Fertiliser prices set to decline
The planned investments in Zimbabwe’s fertiliser industry will trigger significant reduction in cost of the products and make them more competitive on both local and the export market, according to a Government medium term strategy of reviving the sector.
URL needs Zimdollar more than USD
UNITED Refineries Limited (URL) chief executive officer, Mr Busisa Moyo, says the Bulawayo headquartered agro-processing company needs more of the local dollar to localise production of key raw materials and be able to feed its plant to full capacity.
Econet, RBH partner on African solar projects
Telecoms giant Econet and Royal Bafokeng Holdings (RBH), have announced a partnership to develop up to 175MW of solar energy assets in selected African countries.

Business Africa

Recent Posts

Equity gets Sh10.8bn for lending to SMEs October 6, 2020
Google to Pay $1 Billion to News Publishers on Google News Showcase October 6, 2020
KCB Boosts Schools Reopening With Up To Sh250mn Secured Loans October 6, 2020
Kenyan Women Entrepreneurs to Benefit from Sh3.2bn White House Initiative October 6, 2020
Bitcoin Trades higher After SEC Jay Clayton Commends Blockchain October 6, 2020

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Equity gets Sh10.8bn for lending to SMEs

October 6, 2020October 6, 2020 by onlinecash

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KCB Boosts Schools Reopening With Up To Sh250mn Secured Loans

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Recent Posts

Equity gets Sh10.8bn for lending to SMEs
Google to Pay $1 Billion to News Publishers on Google News Showcase
KCB Boosts Schools Reopening With Up To Sh250mn Secured Loans
Kenyan Women Entrepreneurs to Benefit from Sh3.2bn White House Initiative
Bitcoin Trades higher After SEC Jay Clayton Commends Blockchain
Listing Loan Defaulters with CRBs Resumes

Equity gets Sh10.8bn for lending to SMEs

October 6, 2020

Comments Off on Equity gets Sh10.8bn for lending to SMEs

Google to Pay $1 Billion to News Publishers on Google News Showcase

October 6, 2020

Comments Off on Google to Pay $1 Billion to News Publishers on Google News Showcase

KCB Boosts Schools Reopening With Up To Sh250mn Secured Loans

October 6, 2020

Comments Off on KCB Boosts Schools Reopening With Up To Sh250mn Secured Loans

Kenyan Women Entrepreneurs to Benefit from Sh3.2bn White House Initiative

October 6, 2020

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