Banking, Finance & Investment

 Nairobi Garage has opened a two-floor business hub in Nairobi’s Central Business District, on the back of increased demand for stylish and versatile workspaces in the city. The hub will …

KCB Bank Kenya has secured a Sh18billion loan from the International Finance Corporation (IFC) that will boost the lender’s support for businesses that address climate change. Through the partnership, IFC …

Afrexim Bank is guaranteeing the import of 745 trucks payable by four local banks on behalf of Ethiopian transport businesses with a USD 63 million loan. Afrexim Bank guaranteed Jampur …

Be Mobile Africa, a low to no-fee banking product provider has announced its official launch in South Africa. The Canadian-based “neobank” offers several benefits for South Africans, including no monthly …

Morocco has ranked as the fifth most expensive African country to rent a one-bedroom apartment, Business Insider Africa reported on Sunday. Basing its ranking on data obtained from Numbeo, a …

Fidelity Bank Plc has posted Profit Before Tax (PBT) of N25.1 billion for its half-year (H1) 2022 operations, against N20.6 billion achieved in the corresponding period in 2021. Specifically, an …

Kenya Power has dashed commercial banks and other third parties’ hopes of renegotiating fresh contracts to sell prepaid electricity tokens, in a decision that will restrict the lucrative deal to …

Africa’s leading payments technology company, Flutterwave has recently been granted a Switching and Processing License by the Central Bank of Nigeria (CBN). The license, which is widely regarded as CBN’s …

The supervisory board of BMCI, an affiliate of BNP Paribas, on Thursday appointed Hicham Seffa as the group’s new Director-General and member of the board of directors. According to numerous …

The family of Peter Mukuha Kago –the founders of supermarket chain Naivas— has pocketed an estimated $32.29 million (Sh3.8 billion) from the sale of an 8.5 percent stake to a …