Year: 2023
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Opinions
Africa needs strong domestic corporate banks to drive development
By Jaco Viljoen, Group Chief Executive Officer - First Capital Bank Around the world, banks form the foundations of any…
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Economy
Quickmart Loses Ksh.94 Million in Wells Fargo Heist
Wells Fargo employees made away with Ksh.94 million belonging to retail chain Quickmart in Nairobi. Following an incident that happened…
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T-Bonds
October 2023 bonds were undersubscribed at 31.5%
October 2023 bonds were undersubscribed, with the overall subscription rate coming in at 31.5%, albeit lower than the undersubscription rate…
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Economy
Kenya Posta to Lay off Over 500 Employees
The State corporation, Posta will send home 504 employees by February 2024 in a plan that has been approved by…
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East Africa
Vodacom is Losing Dominance in Tanzania’s Mobile Phone Market Share
Vodacom loses dominance in Tanzania’s mobile phone market share amid competition from Airtel, Tigo and Halotel As of June this…
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Southern Africa
US Takes Up China’s Infrastructure Mantle in Africa
The U.S. State Department confirmed that Washington’s plan to refurbish and extend the Lobito Corridor — a railway that will…
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West Africa
Shelter Afrique Development Bank Assigned A+ in Latest Ratings by Agusto
Nigeria’s first Credit Rating Agency Agusto & Co. Limited has assigned ‘A(ken)’ and ‘A+(ngr)’ ratings to Shelter Afrique Development Bank,…
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Credit Report
Advantages of CIS mechanism for Kenyan borrower in Credit Market
With the Credit Information Sharing (CIS) mechanism in place, the link between access to credit and a country’s economic development…
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Corporate
Inside Equity Bank’s Ksh. 700 billion Africa Recovery and Resilience Plan
Equity Group is developing what it is referring to as the African recovery and resiliency plan and is launching a…
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Markets
Global 2023 Sustainable Bond Issuance to Hit $950BN despite Q3 decline
Issuance volumes of Green, Social, Sustainability and Sustainability-linked (GSSS) bonds pulled back sharply in Q3 2023, falling 26% year-over-year to…
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