In order to comply with the Central Bank of Kenya (CBK), HF Group plans to raise new capital and recover Sh10 billion in non-performing loans (NPLs)....
Africa Climate Ventures (ACV), a newly established venture capital firm, has raised £1 million (Sh171.1 million) for investments in businesses in the continent that are dedicated...
In order to increase its capital, Stanbic Holdings received a $30 million (Sh4.1 billion) subordinate loan from Standard Bank, the parent company based in South Africa....
Cherotich Rutto, like most small-scale farmers in Kenya, toiled for nearly a decade to produce fresh food only to receive meagre returns. If she was lucky,...
The International Finance Corporation (IFC) will acquire less than a 10% stake in Safaricom Ethiopia as part of a $257 million (Sh35.3 billion) cash injection split...
A little more than a year ago, Safaricom’s entry into Ethiopia seemed risky given the country’s two-year civil war, funding limitations, and hazy prospects for obtaining...
Following the proposal to lower Railway Development levies contained in the new Finance Bill, taxpayers will save about Sh3.6 billion annually. If the proposals in the...
According to a recent report by the Central Bank of Kenya (CBK), Rwanda contributed the highest amount of profit earnings for Kenyan bank subsidiaries in East...
Elevate HR, a US startup, names a Kenyan as its new CEO. In an effort to broaden its presence in Africa, cloud human resource management company...
When the government increased its targets to meet the Sh3.6 trillion budget in the year beginning in July, the Kenya Revenue Authority (KRA) objected to a...