The second phase of the Last Mile Connectivity Project (https://apo-opa.info/44ggSH3), implemented in Kenya between 2016 and 2022, has helped improved access to electricity for low-income groups. At least 1.6 million people now have access to power, according to the Project Completion Report published by the African Development Bank (www.AfDB.org) on 11 August 2023.
Funded with a loan of $134.64 million...
Samsung Electronics East Africa has officially closed pre-orders for the highly anticipated Galaxy Flip and Fold 5 that were both Unpacked at a Global event held in the tech manufacturers home country in Korea. The successful pre-order which surpassed targets by over 25% cements Samsung’s position as the market leader in the Foldable smartphone category. The successful pre-order has...
The Equity Group Foundation is seeking ways to modify the scholarship program due to changes in the education system from 8-4-4 to the Competency-Based Curriculum (CBC).
Equity Group CEO James Mwangi said the changes will be necessary to allow every child in Kenya to get access to quality education.
On Wednesday, the foundation hosted 2,637 Wings to Fly and Elimu Scholarship...
Standard Chartered Bank Kenya Limited has today released its results for the period ended 30 June 2023.
Kariuki Ngari, Chief Executive Officer, said:
“We are pleased to release our first half of the year financial results which reflects a strong profit before tax growth of 27 per cent. This result has been delivered by a strong top line growth...
Ivy Maingi, Commercial Manager for Glovo Kenya and Peter Jones, Managing Director, Eat’N’Go Kenya celebrate signing a Memorandum of Understanding to kick off the partnership between Glovo and Domino’s Pizza.
Glovo has announced a partnership with multinational pizza restaurant chain, Domino’s Pizza, to offer consumers access to meals from the comfort of their homes.
The partnership is expected to offer...
Movement across Africa’s borders - crucial for intra-country trade - is a challenge for both people and goods as countries have varying regulations, some prohibitive
Theatre Artist and entrepreneur, Gathige Maina, went on a caravan from east to southern Africa, to attend a trade forum and find out how easy it is for young people to move across Africa’s borders,...
The President said improved access to affordable development financing will help Africa to revamp its infrastructure, deepen integration and spur intra-continental trade
President William Ruto has said reforms in the international financial system will help boost investor confidence in Africa.
The President said derisking Africa will foster better relations between the public and private sectors for the common good.
He noted that...
The Digital Prosperity Awards are structured around three core pillars and each pillar is bestowed in individual award categories, each representing a crucial aspect of digital advancement
Prestigious global flagship award recognizes the most outstanding digital contributions in enabling prosperity for all; Calling for entries from international public, private, and civil society sectors
The Digital Cooperation Organization (DCO) today announces the launch...
Growth In Assets Of 23% To Reach Kshs.1.645 trillion.
Net Loans Register 26% Growth
Subsidiaries Contribute 46% Total Assets And 45% Profit Before Tax
27.7% Return on Equity
Amidst a tough operating global macro environment characterized by stubbornly sticky high inflation, high interest rates, volatile exchange rates and devaluation of emerging economies currencies, Equity Group has announced 2023 half year...
Leading Credit Rating Agencies Affirm Afreximbank’s International Scale Long and Short-term Issuer Ratings of A/A2 and A-, with “Stable” Outlook
GCR noted Afreximbank’s risk position as ratings positive, buttressed by Non-Performing Loans (NPLs) that compare favourably to rated peers and further cited the Bank’s loan book as exhibiting strong recovery fundamentals
GCR Ratings (GCR), has affirmed Afreximbank’s (www.Afreximbank.com) international scale long and...
