Business
NCBA Group Ties Kenya’s Economic Outlook at 5.1% in 2024
November 7, 2023
NCBA Group Ties Kenya’s Economic Outlook at 5.1% in 2024
NCBA Bank predicts a 5.1% growth in the Kenyan economy in 2024, boosted by a rebound in the agriculture sector,…
Quickmart Loses Ksh.94 Million in Wells Fargo Heist
November 6, 2023
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 on…
October 2023 bonds were undersubscribed at 31.5%
November 6, 2023
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…
Kenya Posta to Lay off Over 500 Employees
November 6, 2023
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…
Vodacom is Losing Dominance in Tanzania’s Mobile Phone Market Share
November 6, 2023
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 HalotelAs of June this year,…
Shelter Afrique Development Bank Assigned A+ in Latest Ratings by Agusto
November 6, 2023
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,…
Inside Equity Bank’s Ksh. 700 billion Africa Recovery and Resilience Plan
November 2, 2023
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…
Global 2023 Sustainable Bond Issuance to Hit $950BN despite Q3 decline
November 2, 2023
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…
MFS Africa Rebrands to Onafriq After Recent Acquisitions
November 1, 2023
MFS Africa Rebrands to Onafriq After Recent Acquisitions
The largest digital payments network in Africa, MFS Africa, has changed its name to Onafriq to better reflect the company’s…
Why Uganda is Walking Away from Kenya over Fuel Storage Reliance
November 1, 2023
Why Uganda is Walking Away from Kenya over Fuel Storage Reliance
Kenya has lost the Ugandan market over the storage of petroleum products due to its oil deal with the United…