Over 4 million Fuliza defaulters will be removed from the Credit Reference Bureau (CRB) and other blacklists from November this year, the government and lenders have announced. The announcement made …
Banking, Finance & InvestmentEconomyKenya News
Cyberattacks in the Kenyan financial sector continued to grow significantly in the second quarter of 2022 as scammers increasingly become corporate-oriented, shifting from other sectors, a new report shows. According …
- BusinessEconomyFinance & ServicesKenya News
Kenya’s Retail Investors Can help to crack Financing For ESG Objectives
Retail traders in the country have a great potential to crack financing for Environmental, Social and Governance (ESG) objectives and priorities if some hindrances are resolved, a report by Standard …
- AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
South Africa bans Bain & Co. from public sector contracts for a decade
National Treasury has banned global consultancy firm Bain & Co. from tendering for public sector contracts for a period of 10 years, citing fraud. “The effective date of restriction is …
- AfricaAFRICA NEWSBusinessINVESTMENTNewsTechnologyTelecommunications
Wiocc Group secures $30M equity investment to support Africa’s Digital infrastructure expansion
Wiocc Group, a leading digital connectivity and infrastructure provider in Africa, has secured a US$30-million (R540-million) equity investment from the International Finance Corporation (IFC). The new investment will support WIOCC …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessNewsNigeriaWestern Africa
CBN begins deductions from states, and farmers’ accounts to recover loans from its intervention programmes
The Central Bank of Nigeria (CBN) has commenced deductions from accounts of defaulters under its development finance interventions to recover outstanding loans. Yusuf Yila, director, development finance of the CBN, said this …
The Lagos State government has suspended the planned implementation of ₦150,000 safety audit fees for tech hubs and co-working spaces. The fee comprises a ₦50,000 ($115.92) documentation fee and a …
- AgricultureFinance & ServicesMorocco
Portugal to Recruit 400 Moroccan Agriculture Workers ahead of its harvest season
Faced with a serious labor shortage crisis, Portugal has turned to Morocco to recruit 400 agricultural workers ahead of its harvest season. Portugal’s Minister of Labor Ana Mendes Godinho on …
- AfricaAFRICA NEWSBusinessEnergyNewsNigeriaOil & GasWestern Africa
Shell acquires Nigeria’s Daystar power in first Africa power buy
Energy giant Shell Plc has acquired Nigeria-based hybrid solar power solutions provider Daystar Power, in its first acquisition of a power firm in Africa. Founded in 2017, Daystar Power is …
- BusinessInformation & TechnologyKenya NewsSafaricomTechnologyUncategorized
Safaricom expands Ethiopia network coverage to Awoday and Gondar Cities
Safaricom has expanded its network coverage in Ethiopia, with a recent large-scale customer pilot in Awoday and Gondar cities. The two cities bring the number of cities the telco has …