Standard Chartered Bank has been feted at the CIO Africa 100 Awards with the bank emerging winner in the Banking Sector Award category. The bank was recognized for its exemplary performance in the sector with a highlight on its digital innovation and … Continue reading Standard Chartered wins the Digital innovation award at the CIO 100 Africa 2021 Awards
On his first official visit to Africa since that start of the COVID-19 pandemic, European Investment Bank President Werner Hoyer and Vice President Thomas Östros today formally opened the EIB’s new Nairobi Hub with Kenyan Finance Minister, Cabinet Secretary Ukur … Continue reading European Investment Bank strengthens engagement in Africa with new Nairobi Hub
Absa Bank Kenya PLC has today reported a strong growth in profit after tax to Kshs.8.2 billion for the period ending 30 September 2021 compared to a similar period last year. Growth in interest income, notably in the small and … Continue reading Absa Bank Kenya PLC records strong growth in its Q3 financial results
The Government of Gambia has increased its stake in Shelter Afrique after paying US$19,218.96 in additional capital, the pan-African housing development financier has disclosed. The Additional stake now takes the country’s shareholding to 0.27%. Gambia now joins several other countries that have … Continue reading Gambia boosts stake in Shelter Afrique
Absa Bank Kenya PLC has signed a tripartite financing agreement with CMC Motors Limited and Avenue Lease and Rentals to supply 240 vehicles to the National Police Service (NPS) under the ongoing government’s vehicle leasing initiative. Under the tripartite agreement, … Continue reading Absa Bank finances KES1.2 billion vehicle leasing deal for National Police Service
Standard Chartered Bank Kenya Limited has undertaken a 3 years partnership with Kenya Forest Services and Nairobi Arboretum Conservancy Community Forest Association (NACCFA) to support the restoration and conservation of one of the oldest parks in the city; the Nairobi Arboretum Park. … Continue reading Standard Chartered to support restoration and conservation of the Nairobi Arboretum Park
Bank of Kigali Group Plc has recorded a 33 percent jump in profit to KSh4 billion in the nine months ended September, underlining the Rwandan economy’s strong rebound from the Covid-19 pandemic shocks. BK Group, whose shares are listed on … Continue reading Bank of Kigali quarter three profit up 33pc to KSh4bn
The Government of Tanzania has cleared its capital arrears in Shelter Afrique after paying the outstanding amount of USD407,284.97, the pan-African housing development financier has disclosed. The move now takes Tanzania’s shareholding in the Company to 1.72% up from 1.54% held previously. … Continue reading Tanzania clears its capital arrears in Shelter Afrique
Absa Bank Kenya has partnered with Pan African impact investment platform – Melanin Kapital – to launch an investor readiness program that places startups driving social impact on the path to accessing up to KES3 million in unsecured lending. The … Continue reading Absa Bank, Melanin Kapital partners to launch unsecured lending for startups
The Government of Tanzania has increased its stake in Shelter Afrique after paying USD2.7 million in additional capital, the pan-African housing development financier has disclosed. The Additional stake now takes Tanzania’s shareholding to 1.54% up from 0.3% held previously. Effectively, the … Continue reading Shelter Afrique receives USD2.7m capital boost from Tanzania
The254Hub 