I&M Bank has received more than $50 million (Sh5.35 billion) from two development financiers for lending to small businesses. The listed lender is targeting local medium-sized enterprises in the trade, manufacturing and construction sectors.
The cash is from the World Bank’s private sector arm - the International Finance Corporation (IFC) and the Dutch entrepreneurial development bank FMO. “To help smaller businesses...
Equity’s mobile virtual network operator (MVNO) – Equitel – has launched fourth generation (4G) services. The new 4G broadband network offers faster speeds to browse, stream, download and upload for customers.
Finserve Africa Managing Director, Mr Lanre Bamisebi, who is also the Equity Group IT and Operations Director, noted that the upgrade would enhance customer experience, more so in the...
The concessional loan agreements were signed with fund managers Lion’s Head Global Partners, Triple Jump, and Social Investment Managers and Advisors, following approval by the Board of Directors
The African Development Bank (www.AfDB.org/en) has reached financial close on financing agreements for a $20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) for the Covid-19 Off-Grid Recovery Platform (CRP)....
The branches will extend 2Africa’s connectivity to the Seychelles, the Comoros Islands, and Angola, and bring a new landing to south-east Nigeria
The 2Africa consortium, comprised of China Mobile International, Facebook (www.Facebook.com), MTN GlobalConnect, Orange, stc, Telecom Egypt, Vodafone and WIOCC, announced today the addition of four new branches to the 2Africa cable. The branches will extend 2Africa’s connectivity to...
Q&A with FAO Regional Office for Africa Youth Employment Specialist, Micheal Ige, for International Youth Day
Q. Why is it important to get more young people involved in agriculture and agri-food systems in Africa?
Africa has the youngest population in the world, with an estimated 420 million young people aged between 15 and 35 years old, and this is projected to...
These paid internships are open to tertiary level students, recent college or university graduates, and young people
According to the International Labor Organization, the COVID-19 pandemic has severely affected labor markets around the world, hurting young people more than other age groups. Even before the pandemic, it was always quite challenging for the average young African to enter the workforce...
n one of Naomi Otua’s regular trips to visit her grandson James in the town of Assin Fosu in Ghana’s Central Region, she noticed something was seriously wrong. The 10-year-old’s eyes were jaundiced and he had lost a significant amount of weight. Worried, Otua decided to take James to the Suhum Government Hospital.
James was then referred to the Eastern...
Leading online jobs platform BrighterMonday has partnered with the French Chamber of Commerce in Kenya to help businesses recruit the right talent and empower expatriates to secure job opportunities in the country.
The French Chamber of Commerce in Kenya promotes business opportunities between French and Kenyan companies. The Chamber also helps French companies and entrepreneurs set up in the country.
This...
Samsung Electronics has unveiled its 2021 range of foldable smartphones. The range includes the Galaxy Z Fold3 and the Galaxy Z Flip3 5G. The foldable smartphones were unveiled through a virtual event that was broadcasted worldwide from the tech giants Korea Head office. Locally the event was watched by the Samsung brand fans as well as tech enthusiasts. The Galaxy Z...
CIC Insurance Group is pleased to report a Profit Before Tax of Kshs337 Million for half year to 30th June 2021 compared to Loss Before Tax of Kshs287 Million for the same period last year. The strong performance was boosted by resilient growth in the topline and strong investment returns.
Key Highlights
• CIC Group Gross Written Premium grew by 16% to KShs. 10.8 Billion from KShs. 9.3 Billion. The strong performance was driven by growth in all businesses except South Sudan where the business was repricing...
