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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

France locks down, Germany closes down, as virus cases hit record October 28, 2020
Paris, France, Oct 28 – France announced a new month-long national lockdown and Germany imposed drastic new curbs on people’s daily lives as the EU’s biggest countries admitted that hospitals would soon be overwhelmed by patients suffering from coronavirus. The dramatic lockdown decision from French President Emmanuel Macron came after weeks of exponentially rising new […]
Tanzania holds election marred by accusations of fraud October 28, 2020
Stone Town, Tanzania, Oct 28 – Tanzanians voted Wednesday in an election overshadowed by opposition complaints of irregularities such as ballot-box stuffing, as President John Magufuli, who is accused of stifling democracy, seeks a second term in office. Long deemed a haven of stability in East Africa, observers say Tanzania is sliding into autocracy under […]
Kenya Power reports outages in Nairobi, Rift Valley, Western and South Nyanza October 28, 2020
NAIROBI, Kenya, Oct 28 – The Kenya Power Company on Wednesday confirmed a mass power outage affecting four regions in the country following a technical hitch on two major power supply lines. Power backouts in town centres located in the four affected regions were reported shortly before 7pm. “We’d like to apologize to our customers […]
16 more dead in Kenya as Uhuru convenes COVID summit to discuss rising cases October 28, 2020
NAIROBI, Kenya, Oct 28 – Kenya recorded 16 more deaths from COVID-19 Wednesday, on the day President Uhuru Kenyatta expressed concerns at rising numbers. Health Cabinet Secretary Mutahi Kagwe said 1,018 cases were also detected since Tuesday, raising the country’s caseload to 51,851 since March. Cummulative deaths stood at 950. Kagwe said the new infections […]
Uhuru convenes key summit over rising COVID-19 deaths and infections October 28, 2020
NAIROBI, Kenya, October 28 – The rising number of COVID-19 deaths and infections has caught the attention of President Uhuru Kenyatta. The Head of State has convened the 6th Extraordinary session of the National and County Governments Summit on Wednesday next week to discuss the rising numbers and find mitigating measures. Kenya has lately recorded […]
Governor Mutua urges Uhuru to form consensus team on BBI October 28, 2020
NAIROBI, Kenya, Oct 28- Maendeleo Chap Chap Party Leader Alfred Mutual has called on President Uhuru Kenyatta to form a consensus team on the Building Bridges Initiative (BBI) proposals unveiled this week. Mutua said the team should involve all key players at the top-Deputy President William Ruto and former Prime Minister Raila Odinga. The BBI […]
Siaya county rolls out rapid COVID-19 testing at Maranda School after confirmed virus case October 28, 2020
KISUMU, Kenya, Oct 28 – Siaya County Government has kicked off targeted COVID-19 testing at the Maranda High School after a student tested positive for the virus. Siaya County Director of Public health Kennedy Orwenjo on Wednesday said the Health Department was currently doing contact tracing and only testing those who may have had contacts with […]
Kakamega best perfoming county as Tana River ranked worst October 28, 2020
NAIROBI, Kenya, Oct 28- A new survey by Infotrak has listed Kakamega County as the best performing, placing Governor Wycliffe Oparanya ahead of the pack. The survey ranked Kakamega at 57.2 per cent followed by Kwale at 54.8 percent. Makueni took the third position with 54.7 percent while Kisumu is ranked fourth with 53.4 percent. […]
Quack doctor Mugo Wa Wairimu handed 3 years October 28, 2020
NAIROBI, Kenya, October 28 – James Mugo Wa Wairimu, the fake doctor who operated a clinic in Nairobi without a licence has been sentenced. The quack doctor was jailed for three years on Wednesday, after a court found him guilty of operating a clinic without a license from the Pharmacy and Poisons Board. Nairobi Senior […]
2,689 people killed in road accidents since Jan October 28, 2020
NAIROBI, Kenya, Oct 28 – 2,689 people were killed in road accidents in Kenya since January. The National Transport and Safety Authority (NTSA) on Wednesday said the deaths were recorded between January and September this year. NTSA Board Chair Agnes Odhiambo said the number is an increase of 1.3 percent of the lives lost during […]

Business Briefs

Facebook, Twitter put on notice for Kenyans’ personal data breach
Technology giants like Twitter, Facebook and Google will soon come under government scrutiny for their handling of personal information belonging to Kenyans.
Moi-era tycoon fights AG over Sh3bn verbal deal
The government has been allowed to challenge a Sh3.1 billion payment to a contractor who was awarded a tender to repair major roads in Nairobi through verbal instructions.
State gets access to secret investors’ phones, homes
The State Law Office has launched an online portal to host the beneficial ownership registers, which will show the ultimate significant owners of both private and public companies.
4,177 civil servants face fines for not declaring wealth
Some 4,177 civil servants face sanctions, including fines of up to Sh1 million each after they failed to declare their wealth in the year ended June, a report tabled in Parliament shows.
IEBC projects Sh14bn BBI referendum budget
The IEBC projects to spend Sh14 billion if Parliament endorses a proposal by the Building Bridges Initiative (BBI) to hold a referendum on constitutional amendments.
Taxi-hailing firm Bolt to verify driver details with DCI
Cab-hailing services company, Bolt has started rechecking the background and details of new drivers signed to its app with the Directorate of Criminal Investigations (DCI).

Business Uganda

South Korea to seek carbon neutrality by 2050 - Moon
As part of efforts to actively respond to climate change, South Korea will strive to become carbon-neutral by 2050.
Uganda’s electricity export earnings decline to Shs96b
Uganda exports much of its power to western Kenya, which UETCL says has now increased its generation capacity
Business continuity beyond crisis
While a crisis is impossible to predict it can be avoided and where it may not, it can be planned for and overcome
About Shs7.5 trillion is needed to change Kampala city – KCCA
We have plans to develop slums into modern neighbourhoods. For example, if you have a slum on about 20 acres, you can resettle the slum dwellers into quality but low-cost houses on 2 to 3 acres, high raise apartments and develop the remaining land into a proper planned space

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

HIPC is behind us, there’s no turning back – Finance Minister Ofori-Atta
The Minister for Finance, Mr Ken Ofori-Atta has said that Ghana is making economic progress and “there is no turning back” to the days of Highly Indebted Poor Countries (HIPC) tag.The Minister said the decision of the President John Kufuor administration to sign Ghana unto the HIPC initiative was due to the poor economic situation […]
Ghana govt will temporarily operate AirtelTigo after transfer of ownership
Discussions for the transfer of AirtelTigo shares to the government of Ghana along with all customers, assets and agreed liabilities are in its advanced stages.The transaction will be concluded by the execution of definitive agreements shortly.The government of Ghana through this transaction, will temporarily operate the national asset in the best interest of the nation, […]
JICA, NBSSI launches free videos for MSMEs
Japan International Cooperation Agency (JICA) and National Board for Small Scale Industries (NBSSI) have released a series of e-learning videos under the Enterprises Development Project with Kaizen (EDP-K) for Ghanaian micro small and medium enterprises (MSMEs).A press release issued by the two bodies on October 12 in Accra stated that the aim of the initiative […]
Stanbic Bank names Kwamina Asomaning as its new Chief Executive
The Board of Stanbic Bank Ghana has named Mr Kwamina Asomaning as the successor to its outgoing Chief Executive Officer, Mr Alhassan Andani.Mr Asomaning will take over from Mr Andani when her retires on November 30, 2020.In a statement issued today, the bank said Kwamina Asomaning has been a long-serving senior executive and Corporate and Investment […]

Business Nigeria

Fresh concerns over $17 billion yearly freight loss to foreign shipping lines
Stakeholders in the maritime industry have expressed displeasure over the yearly $17 billion revenue loss to foreign ship owners due to the inability of the country to lift her cargoes. The post Fresh concerns over $17 billion yearly freight loss to foreign shipping lines appeared first on The Guardian Nigeria News - Nigeria and World […]
Underwriters brace up for ‘overwhelming’ claims from protests
Amid continuous looting and attacks on properties and loss of lives occasioned by the #EndSARS protests across Nigeria, insurance practitioners are bracing up for possible overwhelming compensation for insured individuals... The post Underwriters brace up for ‘overwhelming’ claims from protests appeared first on The Guardian Nigeria News - Nigeria and World News.
CACOVID calls for calm, reaffirms distribution of palliatives commenced in June
Private sector-led, Coalition Against COVID-19 (CACOVID), has sued for calm and enjoined Nigerians to desist from ongoing destruction of public and private properties as well as looting of warehouses.... The post CACOVID calls for calm, reaffirms distribution of palliatives commenced in June appeared first on The Guardian Nigeria News - Nigeria and World News.
Travel agents bemoan fakery, illegal operators
Travel agencies have again raised concerns over the activities of illegal operators, touts and fake agencies that have continued to dupe unsuspecting travellers and give other operators a bad name. The post Travel agents bemoan fakery, illegal operators appeared first on The Guardian Nigeria News - Nigeria and World News.

Business Zim

RBZ reserve money surges in October
Business Reporter Reserve money increased by $2,2 billion to $17,6 billion for the week ending October 16, 2020, reflecting a rise in banking sector deposits at the Reserve Bank of Zimbabwe (RBZ), as the Government paid its workers. This stock of money pertains to funds banks are allowed to hold at any given moment, which are […]
Resolving shareholder differences
Godknows Hofisi It is common to come across differences or disputes by shareholders in a company, partners in a partnership, parties to a joint ventures and so on. This article focuses on resolving disputes by shareholders in companies. Nature of disputes Disputes by shareholders take many different forms. They may include the following: ◆ Rights […]
Stanbic wins prestigious banking award
Business Reporter Stanbic Bank has reclaimed the best bank in Zimbabwe title awarded by the European, Middle East and Africa, EMEA Finance at the recently-held African Banking Awards 2020. The Standard Bank Group of South Africa subsidiary, joined other country member banks under the group, such as Ghana, Kenya, Malawi, Namibia, Mauritius, Nigeria, Tanzania, Uganda […]
Authorised Economic Operator programme
In line with international best practice and the Customs and Excise Act (Chapter 23:02) section 216B, Zimbabwe has implemented the Authorised Economic Operator (AEO) programme. Authorised Economic Operator (AEO) AEO is a programme under the World Customs Organisation (WCO) SAFE Framework of Standards to secure and enhance international supply chain security and facilitate movement of […]

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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NSE Extends Suspension From Trading Kenya Airways Shares for 6 Months

September 27, 2020

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Credit Score & CRB in Kenya

July 19, 2020

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

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Timeline Posts

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

October 6, 2020October 6, 2020 by abemartinson216

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

October 6, 2020October 6, 2020 by abemartinson216

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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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