Safaricom has restructured $400 million worth of short-term credit facilities into medium-term loans in a process that saw part of the debt converted into local currency to ease pressure on …
Tag:
kenya
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Williamson Tea Kenya has shifted its marketing to selling high-quality tea to Pakistani and Egyptian buyers through the Mombasa auction following regulatory changes that made the Kenyan coastal city the …
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BusinessEastern AfricaEconomy
Igathe Pledges Sh850mn Credit Guarantee Fund For Youth, Women In Manifesto
Azimio La Umoja-One Kenya Nairobi Governor’s Candidate Polycarp Igathe has unveiled his manifesto in which he proposes to introduce a Sh850 million ‘Wezesha Biashara’ credit guarantee fund for youth and …
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AfricaEastern AfricaKenyaNigeriaTechnologyWestern Africa
Flutterwave debunks money laundering allegations in Kenya.
Flutterwave Payment Technology Limited, a leading Nigerian fintech company, has reacted to media reports that it was involved in an alleged money laundering scheme in Kenya. A statement by the …
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Banking, Finance & InvestmentBusinessSpotlightTechnologyTrending TodayWestern Africa
Africa’s fintech giant Flutterwave accused of ‘money laundring’ as Kenyan court freezes bank accounts.
A Kenyan High Court has frozen the account of Flutterwave accusing Africa’s biggest fintech firm of money laundering. The Nigerian firm is one of seven entities suspected to have been …
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BusinessEastern AfricaEconomy
Digital Lenders Announce Increase In Loan Charges As New Tax Takes Effect
Digital Lenders Association of Kenya has announced plans to increase charges for borrowers as digital lenders begin effecting the proposed 20 percent excise tax on all credit facilities taken by …
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BusinessINVESTMENTReal Estate
Centum Real Estate Issues Profit Warning Citing Lower Revaluation Gains
Centum Real Estate has issued a profit warning citing lower revaluation gains on investment property in the year ended 2022 compared to those posted in the year ended 2021. A …
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Banking, Finance & InvestmentBusinessEconomy
Kenya freezes Sh6.2bn linked to Nigerian start-up Flutterwave
High Court has frozen more than Sh6.2 billion spread in 62 bank accounts belonging to Nigerian start-up Flutterwave and four Kenyans on fears they are proceeds of card fraud and …
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The cost of home and office decor is set to increase as firms start passing on the new tax on imported wooden products. PG Bison Kenya Limited, dealers in interior …
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Ekaterra Tea Kenya PLC (Unilever Tea) has made a proposal to shareholders of Limuru Tea Plc to acquire up to 100% of the ordinary shares in the share capital of Limuru Tea …