Impact investor responsAbility Investments AG has signed a deal worth Sh606.6 million ($5 million) with African Guarantee Fund (AGF) to insure loans issued to small businesses. The facility will increase …
American rating agency Fitch yesterday released a report upgrading its rating for OCP’s long-term issuer default rating from bb to bb+, reflecting the company’s ability to meet its long-term financial …
Fintech startups in Africa grew 81% in 2021, with South Africa, Nigeria, and Kenya emerging as key hubs on the continent, this is according to study by Mastercard on the …
Following the port embargo on its fishing vessels, Russia has opted to repair its fishing boats in Casablanca port instead of Las Palmas. The head of the representative office of …
The National Hospital Insurance Fund (NHIF) has revived a controversial law seeking to have workers earning more than Sh100,000 per month pay more in monthly contributions, signaling a heavier financial …
Chinese loans to Kenya have dropped for the first time in 15 years as Beijing adopts more cautious lending in Africa where some nations have reached the limit of their …
Morocco’s government announced that it would gradually start to tax sugar-intensive products to “preserve the health of citizens.” During a presentation to parliament, Morocco’s Economy and Finance Minister Nadia Fettah …
President William Ruto Thursday promised ‘Hustlers’ money as the much-touted fund mutated from a small business loans programme to a savings plan with 50 percent returns. The President said borrowers …
Safaricom consortia will spend Sh36.3 billion ($300 million) annually in Safaricom Ethiopia. Safaricom Chief Executive Officer (CEO) Peter Ndegwa said the amount will be invested every year. This comes at …
Morocco’s Ministry of Health and Social Protection is organizing the second national campaign to fight the stigmatization of people suffering from mental health disorders from October 17 to 27, under the theme …
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