The International Finance Corporation (IFC), the private sector lending arm of the World Bank, has acquired a 6.71 percent stake in Kenya’s regional lender Equity Bank, officials said Tuesday. Mohamed Gouled, the vice president of risk and finance at the…
Marketing services firm WPP Scangroup has made preparations to write off up to Sh4.7 billion investments in its subsidiaries. The manouvre has seen the share premium account –representing the value of shares acquired by shareholders above their nominal price— drop…
The rising costs of fuel and other essential items is expected to affect the growth of the domestic tour and travel industry, one of the reasons the sector has to find mitigating measures. The industry is mainly driven by transport,…
A former Facebook employee in Kenya who was reportedly fired after questioning working conditions has threatened to sue the parent company Meta for wrongful termination of his contract. Daniel Motaung, a former content moderator for the social media platform, claims…
Disney has tapped top toon talents from across the African continent for “Kizazi Moto: Generation Fire,” a Disney Plus Original anthology of animated films set to premiere on the Mouse House’s streaming platform in late 2022. Inspired by the continent’s diverse histories…
As pressure is mounting for countries to reduce carbon dioxide emissions, the government of Uganda has partnered with an investor to build a carbon-neutral refinery to meet the energy needs of the East African region. Most of the natural gas…
Digital credit providers (DCPs) in Kenya will have to disclose their sources of funds and provide evidence of the same following the coming into force of a law meant to regulate the sector. The new regulations published Monday by the country’s financial…
Kenya-based agritech Apollo Agriculture, which helps farmers access high-quality farm inputs, financing and markets, plans to double the number of farmers it is serving by the end 2022 and to introduce other products that deliver more value per acre of land.…
Thursday 4th November 2021- Nairobi Kenya: Kenya’s Capital Markets Authority (CMAK) has provided its ‘no objection’ for The MTN Uganda Initial Public Offering (IPO) to be marketed in Kenya, allowing the marketing of the shares to both Professional Investors and…