NAIROBI, Kenya, Dec 12 – NIC Group PLC and Commercial Bank of Africa (CBA) have announced that their Boards of Directors have authorized the commencement of discussions regarding a potential merger of the two entities. In a Joint communiqué the two banks say the merger would create one of
NAIROBI, Kenya, Dec 12 – IFC, a member of the World Bank Group, in cooperation with Egypt’s Ministry of Investment and International Cooperation have selected more than 100 high-potential start-ups to participate in a new initiative designed to spur innovation and job creation across the African continent. The start-ups include Vezeeta, Avidbeam and Next Protein.
NAIROBI, Kenya, Dec 12 – IFC, a member of the World Bank Group, has announced $6million equity investment in Kobo360 Inc, a tech-enabled e-logistics platform that connects the supply of trucks with the demand for transportation services by cargo owners in Nigeria. The investment was led by the IFC with participation from others including Silicon […]
NAIROBI, Kenya, Dec 12 – Two Kenyan companies have been named among the Top 50 emerging Fintech companies in the world in this year’s KPMG FinTech100 report. The two include Digital payments provider Cellulant, and Mobile loans provider Tala who are among the three African companies representing Africa to be included in the list of […]
NAIROBI, Kenya, Dec 12 – One of the world’s largest leather products manufacturer Rino Mastrotto Group is eyeing entering the Kenyan market. The firm has hinted that it is planning to set up operations in Kenya following a visit by Deputy President William Ruto. In a meeting Deputy President William Ruto in its Veneto offices […]
NAIROBI, Kenya, Dec 12 – Only one African has made it to the Forbes, 100 Most Powerful Women in the world. New Ethiopia President Sahle-Work Zewde made it to the list at number 97 and is among the few black women on the list. Other few black women include Oprah Winfrey at number 20, Entertainer […]