News

Equity Bank inks $2billion deal with Kenya National Chamber of Commerce and Industry targeting businesses

10-14-2020 | 09:11:32
The Kenya National Chamber of Commerce and Industry (KNCCI) and Equity have signed an MOU that has seen Equity set aside Ksh 200 billion, approximately $2 billion, for KNCCI members.

[Kenya] Pezesha exits from the CMA Regulatory Sandbox

10-13-2020 | 15:33:34
The Capital Markets Authority (CMA) has granted a ‘No Objection’ to Pezesha Africa Limited (Pezesha) to operate its debt-based crowdfunding platform in the Kenyan capital markets.

Central Bank of Egypt sets up EgyCash company for money transfer

10-12-2020 | 15:19:19
The Central Bank of Egypt has announced setting up EgyCash company for technological solutions of monetary dealing.

IFC and Union Bank partner to boost access to trade finance in Nigeria

10-12-2020 | 08:37:45
IFC, a member of the World Bank Group, has announced a finance guarantee facility to Union Bank to boost access to finance for local business, enable increased international trade for Nigeria and help protect the country’s economy.

World Bank debars Techno Brain Kenya, Techno Brain UAE for 28 and 10 months respectively

10-09-2020 | 11:56:00
The World Bank announced a twenty-eight month debarment of Techno Brain Kenya, an IT-services company, and a ten-month debarment of its parent company, Techno Brain UAE, in connection with collusive and fraudulent practices.

Huawei, Sunline jointly launch contactless Digital Loan One Box Solution

10-09-2020 | 08:15:00
Sunline and Huawei have jointly released the Digital Loan One Box Solution, a global contactless solution for financial services.

Consortium of global multilateral development banks calls for measures to support trade continuity in Sub-Saharan Africa

10-09-2020 | 08:08:55
The Pulse check report issued by a consortium of multilateral development banks and trade research institutions, recounts the views of sub-Saharan banks on multi-lateral development banks’ responses to uphold a well-functioning trade finance market.

Wasatch appoints Albert Trinkl to lead distribution in Europe, the Middle East and Africa

10-08-2020 | 17:56:00
Wasatch Global Investors has announced the appointment of Albert Trinkl, CFA, to the firm’s institutional business development team.

[Kenya] Rispah Simiyu appointed new KRA Domestic Tax Commissioner

10-08-2020 | 10:10:00
The Kenya Revenue Authority (KRA) has appointed Rispah Simiyu as the new Commissioner for Domestic Taxes, effective 22nd October 2020.

IFC invests in Egyptian private equity fund to support business growth

10-08-2020 | 08:54:07
IFC announced an investment in an Egyptian private equity fund to help improve access to capital for small- and medium-sized companies in the country, supporting their resilience, growth, and ability to create jobs.

Digital wallets, security drive artificial intelligence adoption in banking sector, report

10-07-2020 | 15:33:00
Growing adoption of digitization across the global banking sector is significantly boosting the use of advanced technologies including artificial intelligence according to the latest report by Research and Markets.

[Nigeria] NCC counts gains of MTN listing on NSE

10-07-2020 | 09:31:00
The regulatory action taken by the Nigerian Communications Commission (NCC) to facilitate the listing of MTN Nigeria on the country’s stock exchange market has continued to bring economic gains to Nigeria.

Airtel Tanzania partners with WorldRemit on international money transfers

10-07-2020 | 08:23:45
Airtel Tanzania has collaborated with WorldRemit, the global payments company to enable Airtel Money customers to send and receive money directly into their Airtel Money wallets from abroad.

[Nigeria] NSE enhances fixed income securities market segment, revises trading fee

10-06-2020 | 16:28:00
In line with its ambition to support Nigeria’s economic growth by providing a liquid, efficient, and multi-asset securities exchange hub, NSE enhanced its Fixed Income Securities market segment as well as the associated benefits to trade execution.

Mukuru, WorldRemit partner to further expand remittance service into Southern Africa

10-06-2020 | 16:10:00
Mukuru and WorldRemit announced a deepening of their existing partnership, with the aim to expand their collaboration for cash remittances into Zambia, South Africa, Mozambique, Malawi and Botswana.