Business

Equity Bank Places TransCentury, East African Cables Under Receivership

Equity Bank Places TransCentury, East African Cables Under Receivership

Equity Bank has placed investment firm TransCentury Plc under receivership and its subsidiary, East African Cables, under administration after the…
Banda Homes Placed Under Liquidation as Buyers Mount Pressure

Banda Homes Placed Under Liquidation as Buyers Mount Pressure

Embattled property developer Banda Homes has officially been placed under liquidation, bringing about a turn in a months-long saga of…
China’s Zhongman Petroleum Awarded Natural Gas Block in Algeria

China’s Zhongman Petroleum Awarded Natural Gas Block in Algeria

China’s Zhongman Petroleum and Natural Gas Group (ZPEC) said it won a tender to explore and develop a natural gas…
EADB, OPEC Fund Sign $40 Million Facility for SMEs in EAC

EADB, OPEC Fund Sign $40 Million Facility for SMEs in EAC

The East African Development Bank (EADB) has today formalized a US$40 million loan agreement with the OPEC Fund for International Development to…
CBK Licenses 41 More Digital Lenders, Bringing Total to 126

CBK Licenses 41 More Digital Lenders, Bringing Total to 126

The Central Bank of Kenya (CBK) has issued licenses to 41 additional Digital Credit Providers (DCPs), pushing the total number…
Digital Lenders Push for Credit Market Reforms to Unlock Capital for Underserved

Digital Lenders Push for Credit Market Reforms to Unlock Capital for Underserved

Digital lenders in Kenya are calling for the removal of regulatory and structural barriers in the credit market to unlock…
CBK Extends Time for Kenya’s Bulk Payment Settlement System

CBK Extends Time for Kenya’s Bulk Payment Settlement System

The Central Bank of Kenya (CBK) has extended time for Kenya’s bulk payment settlement system, better known as the Kenya…
Kakuzi plans to Invest Over Ksh.1.2 billion in commercial, Social Impact Projects.

Kakuzi plans to Invest Over Ksh.1.2 billion in commercial, Social Impact Projects.

The funds will be used to expand agricultural production and value-added ventures in macadamia, avocado, livestock, and commercial forestry. As…
Safaricom Stock Rallies Despite Political Storm Over Data Surveillance Allegations

Safaricom Stock Rallies Despite Political Storm Over Data Surveillance Allegations

Safaricom PLC shares rallied by 3.7% on Thursday morning, defying political headwinds after a section of Kenyan politicians publicly accused…
Britam Buys 30% State in Nigeria-Based Continental Re Plc

Britam Buys 30% State in Nigeria-Based Continental Re Plc

Britam Holdings Plc has expanded its footprint in Kenya’s reinsurance sector after acquiring a 30% stake in Continental Reinsurance Kenya,…
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