Money & Markets News

Ecobank Group contributesUS$ 3Mn in Africa  to support the fight against #COVID-19

Kang'ethe Njoroge April 21, 2020 0

LOME, Togo, April 20, 2020/ — Ecobank Group , the Pan African Bank, has contributed about US$3 million to the fight against COVID-19 across its footprint in Africa.  In line with its commitment to the continent, various contributions were made to support the efforts of governments,

Entrepreneurs Money & Markets News

How to use Data to improve efficiency in your Distribution Network – MACMobile

Kang'ethe Njoroge April 24, 2019 0

By Andrew Dawson, Group Commercial Director, MACmobile NAIROBI, Kenya Apr 23 – Nowadays, a distribution strategy is part of the DNA of many companies and a correct channel management strategy is vital for the success of your product. In the past few years there have been two main areas that have greatly affected industries. The […]

Money & Markets

Foreign Investors cash out Sh42Bn from NSE in 2018

Kang'ethe Njoroge January 8, 2019 0

NAIROBI, Kenya, Jan 8 – Foreign investors at the Nairobi Securities Exchange (NSE) cashed out Sh42 billion in 2018 compared to Sh11 billion in 2017. Analysts at Cytonn Investments say the foreign investor outflows during the year can be attributed to negative investor sentiment, as international investors exited the broader emerging markets due to the […]

Money & Markets News

Sub – Saharan Africa economic growth accelerates in 2018

Kang'ethe Njoroge January 8, 2019 0

NAIROBI, Kenya, Jan 8 – Sub Saharan Africa  economic growth remained relatively strong in 2018. This is according to the World Bank as preliminary data indicates that the region recorded a 2.7 percent GDP growth in 2018, a rise from 2.3 percent recorded in 2017. In East Africa, a rebound in growth was recorded in Rwanda, […]

Money & Markets News

Sh30Bn worth of remittances are used to support education in Kenya

Kang'ethe Njoroge January 4, 2019 0

NAIROBI, Kenya Jan 4 –  New research from the digital money transfer service WorldRemit shows thousands of Kenyan children are in school, have access to books and educational supplies, and are more likely to study than work due to international remittances. Kenya is the largest remittance-receiving country in East Africa, where annual remittances now exceed $2.1

Entrepreneurs Money & Markets News

Applications open for 2019 $100Mn TEF Entrepreneurship Programme

Kang'ethe Njoroge January 2, 2019 0

NAIROBI, Kenya Jan 2  – The Tony Elumelu Foundation, the leading African-funded and founded philanthropy committed to empowering African entrepreneurs, is now accepting applications for the 2019 cohort of the TEF Entrepreneurship Programme. The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs. The Programme’s

Money & Markets News

Kenya to lose its port to China if it defaults on SGR loan

Kang'ethe Njoroge December 19, 2018 0

NAIROBI, Kenya, Dec 19 – Kenya risks losing its port authority if Kenya Railways Corporation defaults on the Standard Gauge Railway (SGR) loans. This is according to the Auditor General’s report on the financial health of the institution. The report has revealed that Kenya Port Authority was used as collateral with the agreement citing that […]

Money & Markets

Kenyan diaspora still send money home through traditional remittance channels

Kang'ethe Njoroge December 18, 2018 0

NAIROBI, Kenya, Dec 18 – New research from WorldRemit reveals that the Kenyan diaspora could be losing as much as $13 every time they send money home this festive season due to the high cost of traditional remittance channels.   Despite the widespread adoption of digital money transfer services in Kenya, many Kenyans in the diaspora […]

Money & Markets News Technology

Tuskys sets up a Sh30Mn online retail portal

Kang'ethe Njoroge December 17, 2018 2

NAIROBI, Kenya, Dec 17 – Retailer Tusker Mattresses, has registered its footprint on the cyberspace with the launch of a dedicated online store. As part of its business development plans, Tusker Mattresses, which operates Tuskys Supermarkets and Mavazi Lifestyle clothing stores in Kenya and Uganda, has added an online store to be available on www.tuskys.com web

Money & Markets

Kenyan banks shun away from lending to the private sector

Kang'ethe Njoroge December 17, 2018 0

NAIROBI, Kenya, Dec 17 – Banks have continued to shun away from lending to the private sector and leaning to the government as sustained effects of the rate cap continue to bite, according to the Cytonn Investments Banks third quarter 2018 review.   The report indicates that average loan growth in Kenya’s listed banks was […]