Greenland Fedha Limited, owned by KTDA Holdings has reduced the interest rate on loans to smallholder tea farmers to 8 percent, down from 21 percent effective December 1, 2021. This new rate applies to both existing and new customers.
The move aims to increase access to affordable credit for smallholder farmers to enable them to meet their obligations. This move...
Seedstars Africa Ventures and Gray Matters Capital have announced leading a funding round of $ 1.1 million (Ksh123 million) to Nairobi-based Shamba Pride, a one-stop online-to-offline platform that connects smallholder farmers to quality inputs, services, and information through women and youth-owned DigiShops powered by technology.
The funding is aimed at supporting Shamba Pride’s national expansion and roll-out of its digital...
By Gilbert Lungu, Country Manager for Zambia at Cellulant (https://Cellulant.io/)
As established brands in the retail sector aggressively compete to acquire, cultivate, and defend their share of the Zambian consumer’s spend, those that connect, engage, and transact in the most unified and frictionless ways will be best positioned to grow wallet and market share.
The grocery store of today, be it a...
Uganda’s growth is expected to be between 3.5% and 4.0% in Fiscal Year (FY) 22 and about 5.5% in FY23; both projections are about one percentage lower than the June 2021 forecast, according to the latest edition of the Uganda Economic Update (UEU). The economic recovery in FY21 tapered off in early FY22 mainly due to the more severe...
Africa’s global bank, United Bank for Africa (UBA)( (www.UBAgroup.com) Plc yet again, reaffirms its leadership position across Africa, as the bank has been globally recognised as the African Bank of the year 2021 by the Banker Magazine, a leading global finance news publication published by the Financial Times of London.
UBA’s solid financial performance, its excellent service delivery to customers...
The just ended DRC Africa Business Forum promises the development of robust battery industry and a huge contribution to the electrification of transport systems, which will enable Africa to add more value to its endowments in minerals.
The Democratic Republic of the Congo supplies about 70 per cent of the world's cobalt used in the production of batteries, an essential...
Liquid Intelligent Technologies (www.Liquid.Tech), a business of Cassava Technologies, a pan-African technology group, is proud to be the launch partner for the new Microsoft Teams Essential offering. A solution that brings the Teams collaboration platform into an affordable package targeting small, medium and micro-enterprises across the continent.
With around seventy-three per cent of workers around the globe affirming that they prefer...
A respected University of Nairobi Professor of Economics has identified the need to establish dedicated Trust Funds to mitigate growth challenges in the wake of a pandemic.
Dedicated Trust Funds in Africa, Prof Germano Mwabu said, would come in handy to finance what he described as "Covid-19 like crises" to reduce economic inequality challenges.
The establishment of trust funds, Prof Mwabu...
The proceedings of the 24th annual conference of the African Securities Exchanges Association (ASEA) started with a successful plenary session on the morning of Wednesday, November 24th. Perhaps the most striking distinction of the first day rests on the compelling speeches delivered on this occasion !
The speeches given on the first day emphasized the crucial role that should be...
The Fondation L’Oréal and UNESCO are revealing today the laureates of the 12th edition of the For Women in Science Young Talents Awards for Sub-Saharan Africa. This program rewards every year twenty young African women scientists for the excellence of their research. For the 2021 edition, the 15 PhD students and 5 postdoctoral students awardees come from 17 countries and embody,...
