01/18/2021
Fidelity Bank purchase ‘almost done’, says U.S.-based Nigerian billionaire
The Fidelity Bank purchase is almost done.
Alternative Investments
01/18/2021
Eskom extends load shedding
Back to Stage 2 from 5am on Monday.
01/18/2021
Pensions holding in State bonds crosses historic Sh1 trillion mark
Pension funds are normally the biggest subscribers to long-term government bonds given the need for assured stable returns in the long-term to service the payment of pensioners.
01/17/2021
Covid-19: Kenyan health insurers post $8m profit
Many people avoided going to hospitals for fear of contracting Covid-19.
01/15/2021
Sigma Pensions counsels youths on importance of retirement savings
Set goals, plan a budget and make investment a bill.
01/14/2021
Safaricom record rally lifts NSE to an 11-month high
The latest level of market capitalisation translates to a Sh37.25 billion gain since the first trading session in the New Year and is also the highest since February 25 when it was at Sh2.396 trillion.
01/14/2021
Munya claims Co-op officers barring access to coffee fund
CherryAdvance Fund was announced by President Kenyatta is 2018 and is aimed at helping farmers meet financial obligations after harvesting crop.
01/13/2021
Equity gets Sh5bn Dutch loan for SMEs lending
The facility has been disbursed under FMO's financial program dubbed NASIRA that supports young, female, and migrant entrepreneurs in Sub-Saharan Africa.
01/13/2021
Old Mutual lists Zimbabwe’s first ETF
The next largest stocks in the index are Cassava Smartech Zimbabwe (9.2%), Innscor Africa (9.2%), FBC Holdings (8.5%), and Econet Wireless Zimbabwe (6.5%).
01/13/2021
Santam business interruption settlement offer unconscionable: ICA
Loss adjuster piles on the pressure.
01/12/2021
Tanzania's debt surging, but government says it’s still sustainable
Despite the increase, Ministry of Finance spokesperson Benny Mwaipaja told The EastAfrican that the debt is still sustainable and "indicatives show the present value of public debt-to-GDP ratio remains favourable”.
01/12/2021
Speech by Dr. Akinwumi Adesina, President of the African Development Bank Group at the One Planet Summit, Great Green Wall Investment Summit.
The Great Green Wall is part of Africa’s environmental defense system — a shield against the onslaughts of desertification and degradation.
01/12/2021
World Bank to invest $5 billion in 11 African countries
The money will fund interventions in agriculture, water, community development, food security, resilient infrastructure, landscape restoration, and renewable energy, Malpass said.
01/12/2021
Afreximbank and FCI land AfDB grant to boost factoring in Africa
With this grant, the amount of which has not been disclosed, FCI and Afreximbank will work to promote factoring as an alternative trade finance instrument in Africa.
01/11/2021
Bank on SA’s most valuable brand
He says that FNB’s increased brand equity across all BrandZ measures, and particularly the categories of meaning and salience, is humbling as they aim to ensure the FNB brand remains a beacon of trust, resilience and most importantly help across the
01/11/2021
Investors snap up short-term bonds after festive break
Domestic debt service in January is estimated at Sh174.9 billion, comprising Sh128.8 billion in maturing Treasury bills and Sh31.12 billion in bonds, and Sh15 billion in interest payments.
01/11/2021
Jubilee plans expansion of life, medical business after Allianz deal
Shareholders have already voted to approve the proposed deal with Allianz.
01/08/2021
Kenyans’ long-term savings fall to Sh1.4trn as Covid bites
Fixed deposits accounts hold cash for a specified period of time and cannot be freely withdrawn until the end of the set period, with those breaking the fixed deposit liable to pay a penalty or earn lower interest.
01/08/2021
Ovamba & Singularity launch TradeTech partnership in Egypt
Singularity are the first to sign a Reseller Agreement with Ovamba in the region
01/08/2021
Liberians in U.S. Launch Investment Group to Invest in Liberia's Health, Real Estate, and Agriculture Sector
The company creates a portfolio of investment choices that can transcend generations and contribute to the general welfare of Liberia and similar communities internationally.