Business

Kenya’s Two Major Banks to Relinquish 30% Stake to DRC on New Terms

Kenya’s Two Major Banks to Relinquish 30% Stake to DRC on New Terms

Kenya’s leading banks, Equity Group Holdings and KCB Group Plc, are mandated to relinquish at least 30% of their stakes…
U.S Resumes Talks with Kenya of AGOA Ahead of September Expiry

U.S Resumes Talks with Kenya of AGOA Ahead of September Expiry

U.S. President Donald Trump’s administration has signaled the resumption of trade talks with Kenya, ending weeks of speculation about trade…
Africa Surpasses 1 Billion Mobile Money Wallets With $1 Trillion Traded in 2024

Africa Surpasses 1 Billion Mobile Money Wallets With $1 Trillion Traded in 2024

Mobile money usage across Africa has doubled over the past four years, reaching over one billion registered accounts by the…
Nigeria Threatens National Bank of Kenya Acquisition by Access Bank in New Condition

Nigeria Threatens National Bank of Kenya Acquisition by Access Bank in New Condition

The Central Bank of Nigeria (CBN) has stalled the acquisition of National Bank of Kenya (NBK) by Access Bank. This…
Counties to Prioritize Pending Bills and Contain Wage Pressures

Counties to Prioritize Pending Bills and Contain Wage Pressures

As county governments finalize and present their budgets to County Assemblies for approval, Kenya enters a pivotal phase in the…
Absa Targets 300 Farmers in Ksh.500 Million Financing Plan After Deal with Hello Tractor

Absa Targets 300 Farmers in Ksh.500 Million Financing Plan After Deal with Hello Tractor

Absa Bank Kenya PLC is exploring ways to enhance its lending capacity under an existing Ksh.500 million facility to facilitate…
Bolt Reports 46% Drop in Offline Pickups for Safer Customers

Bolt Reports 46% Drop in Offline Pickups for Safer Customers

Bolt Kenya has reported a 46% decrease in offline (off-app) trips on its platform over the past six months, owing…
Peach Payments to Acquire Senegal’s PayDunya in West Africa Push

Peach Payments to Acquire Senegal’s PayDunya in West Africa Push

South African fintech company Peach Payments has agreed to acquire Senegal-based PayDunya, marking its entry into Francophone Africa. The acquisition…
Yields on Kenya’s Eurobond up 12.6%, Highest Since November 2023

Yields on Kenya’s Eurobond up 12.6%, Highest Since November 2023

Yields on Kenya’s Eurobonds have surged to their highest levels since November 2023, indicating increased risk perception among investors. The…
US Says Investors Scared Investing in Kenya Over Fake Land Titles

US Says Investors Scared Investing in Kenya Over Fake Land Titles

The U.S. government has expressed concern over the increasing prevalence of fraudulent title deeds in Kenya, highlighting this issue as…
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