Finance
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Nigeria Leading in Startup Funding at $289 Million so Far in January
African startups, led by Nigeria, have stormed into 2025 raking in $289 million in January alone—a staggering 240% jump from…
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SC Ventures and Yabx Invest $10M in Furaha to Expand Education Financing in Africa
SC Ventures, the innovation and fintech investment arm of Standard Chartered, has partnered with Yabx Technologies (Netherlands), a Tech Mahindra…
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AfDB Wants Additional $25 Billion for Development
Africa Development Bank (AfDB) wants an additional $25 billion for the Africa Development Fund to avert a “lost decade” and…
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Absa Pledges 10% in Lending in Green Projects for Africa’s Climate Transition
Absa Bank has committed to expanding its lending to green projects and dedicating a minimum of 10 percent of its…
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Absa Launches Programme Targeting 30,000 Women From Western Kenya
Absa Bank Kenya has joined forces with the Office of the President, in collaboration with the Women’s Rights Advisor and…
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Financial Literacy Opportunities for Rural Agripreneurs
In Kenya, entrepreneurs, particularly those engaged in agribusiness (agripreneurs), form the bedrock of rural economies. Indeed, at least 70% of…
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Equity Bank Increases Cost of Loan to 18.24%
Equity Bank has become the first bank in Kenya to adjust its lending rate to all its clients in Kenya.…
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Financial Struggles Among Kenyans as 84% Lack Faith in State
Old Mutual unveiled its financial service monitor on February 7 at the Radisson Blue in Nairobi, with a report painted…
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Superior Homes Ink 90% Mortgage Financing Deal with Absa
Superior Homes (Kenya) PLC has signed a partnership with Absa Bank Kenya that will see home buyers enjoy 90 percent…
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Banks Faced With Tricky Trade-Off on Raising Rates Over Default Fears
The New Year 2024 brings difficult choices for commercial banks, who have to decide whether to increase their lending rates…
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