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Recent News

MTN Group Sells Jumia Shares
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

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Capital News

Cyclone Eloise leaves hundreds homeless in Mozambique January 25, 2021
Maputo, Mozambique, Jan 25 – A tropical cyclone that hit central Mozambique on the weekend has displaced thousands of people and caused severe flooding in an area battered by two deadly cyclones in 2019, response teams and aid agencies said. Cyclone Eloise made landfall in the early hours of Saturday, bringing high-speed winds of up […]
ODM says Sonko’s claims on State-funded 2017 chaos vindicate party, demands probe January 25, 2021
Sonko had on Sunday during a rally in Dagoretti South, Nairobi alleged that the State had funded the chaos and linked Interior Principal Secretary Karanja Kibicho to the scheme.
World lost equivalent of 255 mn jobs in 2020: UN January 25, 2021
Geneva, Switzerland, Jan 25 – The coronavirus pandemic took a huge toll on global jobs last year, the United Nations said Monday, with the equivalent of more than a quarter of a billion lost. In a fresh study, the UN’s International Labour Organization (ILO) found that a full 8.8 percent of global working hours were […]
Kenya’s documented coronavirus cases cross 100,000 mark January 25, 2021
Health Cabinet secretary Mutahi Kagwe however reported zero deaths over the same period with the country’s death toll remaining at 1,744.
Govt to declare Kapedo a Special Security Zone in impending gazette notice January 25, 2021
Matiangi, who spoke after holding high-level talks with United Kingdom Defence Secretary Ben Wallace said the government is committed to eliminating the recurring attacks in the region.
UK-Kenya commit to joint approach to regional security challenges January 25, 2021
The two leaders discussed ways to enhance coordination and collaboration in tackling Al Shabaab and demonstrating joint leadership on security challenges of international significance.
Nine trapped Chinese miners confirmed dead, one still missing January 25, 2021
Beijing, China, Jan 25 – Chinese rescue workers have found the bodies of nine more miners after an explosion a fortnight ago, local officials said Monday, raising the death toll to 10. It comes a day after 11 miners were pulled out alive from the mine in eastern Shandong province where the blast struck. One […]
IG Mutyambai confident of success in Kapedo operation January 25, 2021
A heavy contingent of security officers has been deployed to the region to flush out armed gangs who have been terrorizing the locals in the border area of Baringo and Turkana counties.
Sang charged afresh over 2020 tea estate raid after charge sheet review January 25, 2021
He was charged with malicious damage to property of Kibware tea estate and incitement to violence by mobilizing locals to storm the tea farm.
Trump impeachment article to be sent to Senate, triggering trial January 25, 2021
Washington, United States, Jan 25 – US House Speaker Nancy Pelosi is set to send the Senate a single article of impeachment Monday accusing Donald Trump of inciting the Capitol riot, formally triggering the first-ever impeachment trial of a former president. Pelosi, the top Democrat in Congress, vowed last week that the trial — already scheduled […]

Business Briefs

AG now roots for multiple questions in referendum
Attorney-General Kihara Kariuki has backed multiple questions in the planned referendum to amend the Constitution through Building Bridges Initiative (BBI).
Solicitor-General skips Kemsa scam meeting with MPs
Solicitor-General Kennedy Ogeto Monday skipped a planned session with a parliamentary committee to discuss the irregular expenditure of Sh7.8 billion.
StanChart rated the best bank
The survey had over 15,000 respondents, including 455 persons living with a disability, and covered all the 47 counties.
Debt interest payments to rise 24pc in next budget
Kenya’s interest payments on public debt will go up by Sh113.5 billion in the next fiscal year compared to the current one.
Kenya writes to AU over Somalia forces fight near border
Nairobi said the fighting is likely to create a security crisis for Kenya.
Nairobi startup Pula raises Sh600m in venture funding
Kenyan agriculture insurance startup Pula has raised $6 million (Sh660 million) from global venture capital backers for local and regional expansion.

Business Uganda

Kenya’s Insuretech Pula Raises $6m to derisk farmers
Currently, Pula has impacted over 4.3mn farmers on the continent and the new funding will also help propel its expansion into Asia to power resilience and profitability for Asian smallholder farmers
In the shoes of Bata’s ever first female boss
"Being a mother has also helped me to be a better leader because when somebody comes here with a problem, I look at them as somebody’s child”- Ms Jedidah Thotho
Kenya joins Uganda, TZ in taxing digital services
In Tanzania, online content publishers are required to apply for a license at $43, pay an initial licence fee of $429 and an annual licence fee of $429
Court throws out petition against URA’s e-receipting
Court ruled that the application to stop piloting e-receipts using the five supermarkets had been overtaken by events

Business Tanzania

Mobile cash transactions ‘hit Sh18tr’
Some Sh18 trillion is transacted on mobile money platforms in Tanzania every month, a Cabinet minister said at the weekend.
Covid-19 robs Tanzania airports of Sh40 billion in revenue
Airports’ domestic revenues will drop by 40 percent in the 2020/21 financial year compared to the preceding year due to the Covid-19 pandemic which disrupted the aviation sector, The Citizen has learnt.
Tigo revamps its e-wallet payment arrangement
Tigo Tanzania yesterday revamped its merchant payment solution service to accommodate new features.
Precision Air renews operating certificate
Precision Air said yesterday that it has been granted its Aircraft Operation Certificate (AOC) renewal after undergoing inspection in December 2020 by the Tanzania Civil Aviation Authority (TCAA).

Business Rwanda

Transition to electric motorbikes could save Rwf9 billion annually
Author(s): Michel NkurunzizaThe Government of Rwanda is engaging partners and private sector to promote e-mobility that could see phased adoption of electric buses,
Top economic trends in the near future
Author(s): Edwin AshimweUndoubtedly, there are no accurate studies that highlight what the future will hold with regard to economic opportunities, but thanks to
18,000 ha under risk of soil erosion around Sebeya River
Author(s): Michel NkurunzizaLandscape restoration is required on about 18,000 hectares that are under risk of soil erosion on Sebeya River catchment to reduce induce
Rwandan Fin-tech firm facilitating group savings and contributions
Author(s): Collins MwaiFor long, Rwandans across the country have had different ways of coming together to make regular financial savings and contributing to co

Business Ghana

Fitch upgrades UBA Ghana's long-term IDR to 'B'; outlook stable
Fitch Ratings has upgraded United Bank for Africa (Ghana) Limited's Long-Term Issuer Default Rating (IDR) to 'B' from 'B-' and Viability Rating (VR) to 'b' from 'b-'. The Outlook on the Long-term IDR is Stable. The upgrade reflects the strengthening of the bank's capitalisation and leverage, as reflected in the increase in its tangible common […]
GRA exceeds 2020 revenue target
The Ghana Revenue Authority (GRA) has said that it exceeded its revised revenue target of GH¢42,769.50 million for last year by mobilising GH¢45,338.69 million. Following the achievement, the authority has set for itself a target of GH¢60 million for this year, even before the Ministry of Finance announces the amount the government expects from the […]
PWDs small business owners to receive support through accelerator program
The COVID-19 pandemic has posed numerous threats to the operations and financial sustainability of many businesses and resulted in dire economic consequences. According to a recent COVID-19 Business Survey conducted by the Ghana Statistical Service (GSS), in collaboration with the United Nations Development Programme (UNDP), and the World Bank, the shock caused by the pandemic […]
Public Interest and Accountability Committee gets new chairman
The Public Interest and Accountability Committee (PIAC), the statutory body with oversight responsibility of the management and use of the country’s petroleum revenues, has elected Professor Kwame Adom-Frimpong as its new chairman. Prof. Adom-Frimpong, who represents the Institute of Chartered Accountants, Ghana (ICAG) on the committee, was elected in a unanimous decision by the committee, […]

Business Nigeria

Nigeria attracts $2.6bn FDI in 2020 amid global downturn
Global foreign direct investment (FDI) collapsed in 2020, falling 42% from $1.5 trillion in 2019 to an estimated $859 billion, according to the latest UNCTAD Investment Trends Monitor, with Nigeria earning $2.6billion of the global volume. The post Nigeria attracts $2.6bn FDI in 2020 amid global downturn appeared first on The Guardian Nigeria News - […]
‘FG must reposition capital market to accumulate global savings’
Experts have stressed the need for the Federal Government to reposition the local bourse to make it more attractive to accumulate savings from the rest of the world. The post ‘FG must reposition capital market to accumulate global savings’ appeared first on The Guardian Nigeria News - Nigeria and World News.
Surveyors task cement manufacturers on price slash
President, the Nigerian Institute of Quantity Surveyors (NIQS), Mohammed Abba Tor, has said that the rising cost of cement in the country is affecting housing development, and urged the Federal government to engage the Association of Cement Manufacturers .... The post Surveyors task cement manufacturers on price slash appeared first on The Guardian Nigeria News […]
LCCI tasks government on regulation, revenue generation overlap
With a few fiscal policy options available to the Federal Government for intervention in the real sector, the Lagos Chamber of Commerce and Industry (LCCI), has urged Federal and State governments to address the overlapping functions ... The post LCCI tasks government on regulation, revenue generation overlap appeared first on The Guardian Nigeria News - […]

Business Zim

CZI calls for local inputs, production
INDUSTRY has proposed a raft of policy interventions, including bold measures for local sourcing of inputs and production of goods, to counter the negative impact of the Covid-19 pandemic.
Premier sees silver lining on lithium project
Diversified mining firm, Premier African Minerals says the Zulu Lithium Project can be restarted “soon” as a result of improvement in Zimbabwe’s country risk profile as well as an increase in global lithium prices.
Emirates increases flights to Zim, Zambia
Dubai based airline, Emirates says it is increasing flights between Zimbabwe, Zambia and Dubai beginning next month as efforts to increase connectivity.
China vows unremitting fight against corruption
China’s top disciplinary body on Sunday adopted a communique, vowing unremitting efforts to improve party conduct, build a clean government and fight corruption to ensure the implementation of the targets and tasks set for the 14th Five-Year-Plan period (2021-2025).

Business Africa

Recent Posts

MTN Group Sells Jumia Shares November 5, 2020
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

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Timeline Posts

MTN Group Sells Jumia Shares

November 5, 2020November 5, 2020 by onlinecash

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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

October 6, 2020October 6, 2020 by abemartinson216

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Recent Posts

MTN Group Sells Jumia Shares
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

MTN Group Sells Jumia Shares

November 5, 2020

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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

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KCB Boosts Schools Reopening With Up To Sh250mn Secured Loans

October 6, 2020

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