Friday, December 3, 2021
Tags Posts tagged with "Finance"

Tag: Finance

Bringing an ancient African savings system into the digital age

Dakar, Senegal (CNN): In one suburb of Dakar, Senegal's capital, every week, one person lands a sum of money that is tantamount to a jackpot. There's...

Nairobi Ranked Sixth Wealthiest Africa City

Nairobi is East Africa’s wealthiest city and the sixth in Africa after Durban, Cape Town, Cairo, Lagos and Johannesburg, a new report says. The study...

Kenya’s persistent trade squabbles with Tanzania

Trade relations between Nairobi and Dar es Salaam have appeared to sour in recent years because of tariff and non-tariff barriers. The two squabbling neighbours...

Foreigners snap up NSE firms on caps removal

Foreign investors have taken advantage of the removal of caps on shareholding for overseas investors to increase the foreign stake beyond the pre-2016 legal...

Diaspora inflows grow to record Sh26.8bn in June

Diaspora remittances rose 72 per cent in June to a record Sh26.8 billion ($266.2 million) compared to a similar month last year, reflecting lower...

Double debt risk for African countries that turn to China

China has become a generous, ready and easy lender to African countries and a key investor. Researchers say its line of credit to the...

Nigeria’s Dangote arranges $4.5bn financing for world’s single largest refinery

Lagos In Summary: The refinery will have a capacity of 650,000 barrels per day (bpd) to help to reduce Nigeria’s dependence on imported petroleum. Nigeria...

Kenyan start-up wins Sh5m Visa prize

Kenyan technology start-up Mookh Africa has been awarded a Sh5 million prize in the Visa Everywhere Initiative Sub Saharan Africa competition. Besides the cash prize,...

NAIROBI, Kenya, Jul 25 – She left a high paying job in one of Kenya’s biggest insurance companies to start Bismart Insurance. Armed only with her...

UBA Group unveils Facebook Messenger banking in Kenya

NAIROBI, Kenya, Jul 25 – UBA Group has unveiled chat banking in Kenya that enables customers to sign up for accounts, request for a mini...