Business

Meet Christopher Wambua, man replacing Chiloba as Director General, CA

Meet Christopher Wambua, man replacing Chiloba as Director General, CA

Christopher Wambua will, until further notice, run the show at the Communications Authority of Kenya (CA) as the Director General…
NCBA expands footprint into Migori to serve traders, neighboring regions

NCBA expands footprint into Migori to serve traders, neighboring regions

NCBA Bank has extended its presence to Migori County, situated on the border, with an eye on serving traders in…
Kenya banks’ lending rates hit a 65-month high of 13.5%; What does it mean?

Kenya banks’ lending rates hit a 65-month high of 13.5%; What does it mean?

The average lending rate offered by commercial banks in Kenya has surged to its highest level in 65 months, reaching…
Safaricom, Apple strike deal to expand M-Pesa global reach

Safaricom, Apple strike deal to expand M-Pesa global reach

Safaricom has laid plans for a strategic partnership with Apple Inc., in a bid to increase M-Pesa’s global reach. The…
Oil Marketers under financial pressure over soaring fuel prices

Oil Marketers under financial pressure over soaring fuel prices

Oil marketers in Kenya are grappling with increased working capital requirements due to a combination of rising global fuel prices…
World Bank – Global debt returning to its rising trend

World Bank – Global debt returning to its rising trend

The global debt burden retreated for the second year in a row, even though it remains above its already-high pre-pandemic…
Five key objectives in Nigeria’s $3 billion loan from Afreximbank

Five key objectives in Nigeria’s $3 billion loan from Afreximbank

Nigeria and Afreximbank reached an understanding for an immediate support facility that will see west African nation receive $3 billion…
Housing Minister Dangiwa succeeds Fashola as Chairman of Shelter Afrique AGM Bureau

Housing Minister Dangiwa succeeds Fashola as Chairman of Shelter Afrique AGM Bureau

Nigeria’s newly appointed Minister for Housing and Urban Development, Architect Ahmed Musa Dangiwa, has taken over the chairmanship of Shelter…
Nigeria’s Tony Elumelu-led UBA posts $512 million half year profit

Nigeria’s Tony Elumelu-led UBA posts $512 million half year profit

United Bank for Africa Plc (UBA), the prominent pan-African financial services group led by Nigerian tycoon Tony Elumelu, has sent…
Africa climate smart innovative financing instruments required

Africa climate smart innovative financing instruments required

The Africa Climate Summit ended in a not very high tone as expected by the participants and especially the civil…
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