Lendable has announced that it has invested over US$100 million in credit to help fintech startups in emerging and frontier markets to scale. The debt finance provider has also become …
Eastern Africa
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Business InsightsEastern AfricaEvents
Uganda, Tanzania, Oil Giants Open Way For Pipeline Construction
The governments in Kampala and Dodoma joined oil companies Total of France and CNOOC of China in signing a series of accords Sunday that pave the way for the construction …
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AirtelBusinessEastern AfricaSpotlightTelecommunications
State pushes Airtel to give locals 30 per cent stake
The State has introduced new ownership rules in the telecoms sector that will push Airtel Kenya to sell a 30 per cent stake to Kenyans over the next three years …
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Banking, Finance & InvestmentEastern AfricaSpotlight
Equity dethrones KCB to be named biggest lender in Kenya
Equity Bank has been ranked as the most stable lender in Kenya both in terms of revenue and asset growth by the prestigious Africa Business Magazine. The ranking based on …
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Eastern AfricaHospitality, Travel & TourismSpotlightUncategorized
Kenya Airways Suspends All Flights To The UK
Kenya Airways has suspended all flights to the UK with effect from April 9th. The decision comes after the UK added Kenya to the “red list” of countries, barring most …
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Pine Kazi, a women-led shoe design house based in Kenya, is the winner of Fashionomics Africa’s sustainable fashion competition. The fashion company, which converts pineapple leaf and recycled rubber into …
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Eastern AfricaSpotlightTransportation & LogisiticsUBER
Bolt Food launches in Kenya to take on UberEats, Jumia Food
Bolt, the Uber competitor in Europe and Africa, has officially launched its food delivery service, Bolt Food, in Nairobi, Kenya to give users access to a huge variety of restaurants …
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NCBA Bank has partnered with the developer, Mi Vida homes to provide mortgage finance for the purchase of apartment units at their Garden City project. The units being financed will …
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Banking, Finance & InvestmentEastern Africa
Equity Bank 2020 net profit down 12% on high loan loss provision
Investors at the Equity Bank Group will walk home empty handed for the second year running after the lender withheld dividends on shrinking net earnings. The lender joined other tier …
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BusinessEastern AfricaManufacturing & Consumer Goods
Kitui Flour Mills eyes EAC market in expansion plan
Kitui Flour Mills is banking on strong distribution capabilities in its next phase of growth as it looks to expand its presence in the East Africa market. The ‘Unga wa …