KCB Bank Kenya has announced that it has secured a $95 million credit line from Proparco, a subsidiary of Agence Française de Développement (AFD) Group. The facility will be used to finance climate-related investment projects and empower women entrepreneurs in…
The African Export-Import Bank (Afreximbank) and MobiHealthCare Limited (MobiHealth) have signed a project preparation facility agreement that is expected to bolster the expansion of Mobihealth’s telemedicine services in Nigeria, and also assess the feasibility of establishing similar services in Egypt,…
Liberty Life Assurance Uganda has introduced the Kuza Plan, a revolutionary financial product merging savings with life and disability insurance. Positioned as a beacon of security and adaptability, officials said at the luanch today that it caters to the needs…
Equity Group Holdings has announced a remarkable recovery, posting a 25% growth in profit after tax for the quarter ended March 31, 2024. The Group’s profit after tax stood at Kshs 16 billion, a record high, driven by strong leadership…
AutoXpress Ltd has announced the grand opening of its third branch in Uganda, further expanding its presence in the country. With over 66 years of experience in the automotive industry, AutoXpress boasts an extensive network of 80+ branches across East…
In a strategic move to capitalize on the growth potential of its mobile money services, Airtel Africa has announced plans to take its mobile money unit public through an initial public offering (IPO) in 2025. This decision comes as the…
Standard Chartered Bank Uganda has been named the best-performing Primary Dealer Bank in the Government Securities Market for the year 2022-2023, earning the honour for the second time since the inception of the awards 19 years ago. Primary dealing involves…
Absa Bank Uganda, in partnership with World Vision Uganda, has commissioned facilities to improve water and sanitation for the girl-child in Abim district, Karamoja. This intervention aims to promote the continued inclusion of girls in education across the Karamoja sub-region.…
Safaricom Plc has released its financial results for the full fiscal year of 2024, reporting robust earnings propelled largely by its M-Pesa mobile money platform. In its Kenyan operations, Safaricom witnessed a remarkable 11.7% growth in service revenue, totaling Ksh…
Absa Bank Uganda and DHL Uganda have announced a partnership to support 800 Small and Medium Enterprises (SMEs) in accessing export markets through the 2024 ‘Growing Beyond Borders’ Entrepreneurial Training Programme. The programme aims to empower SMEs by enhancing their…
MTN Uganda has its financial performance report for the first quarter ended 31 March 2024, indicating growth across all segments of the business. According to the report, despite MTN Uganda operating in a difficult business environment characterised by a struggling…
Uganda Airlines has taken a significant leap forward in its expansion plans with the arrival of a brand-new Airbus A320 aircraft at Entebbe International Airport. The 160-seat aircraft, configured with a 12-seat Business Class and a spacious 138-seat Economy Class,…
Capital Markets Authority of Kenya has given the greenlight to five new firms to operate in the industry in different capacities in the latest move to deepen and develop the capital markets. In line with the Capital Markets (Licensing Requirements)…
South African fintech startup Moya Money, established in 2021, has undergone a rebranding and will now be known as Bloo Money, effective May 2024. In a recent statement, the company explained that the decision to rebrand reflects its ongoing evolution…
NCBA Bank Uganda has announced its financial results for the fiscal year 2023, showcasing robust growth and profitability driven by strategic investments in a strong performance culture. The bank reported a net profit of Shs27 billion, marking a significant 17%…