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Carrefour

Carrefour is taking active initiatives to support poor Kenyans clobbered by COVID-19

It is true that this pandemic has arbitrated a destruction spree that has left much of the country’s economy terrorized. But it is poor Kenyans who may suffer the worst. Much of the economy is in a state of paralysis ushering in an avalanche of other problems ranging from brutal job cuts, shaken daily routines, and lost output thanks to lockdown life.
Huawei

A digital revolution is at the heart of Huawei’s plan for Africa

In the South African township of Gugulethu, lockdown life hasn’t stopped 13-year-old Hlumelo - a ballet dancer; from doing his thing. Every day, this young man who is also a member of the Zama Dance School continues practicing his steps for the moment when he and his friends can perform together again. Thousands of miles across the Indian Ocean, another...
Equity Bank

Equity bank moves to waiver all transfer fees on digital transactions

Kenya’s largest bank by customer base is taking additional measures to shield its customers from the deadly effects of the nightmarish COVID-19 crisis that we all hope will come to an end soon. The relief measures announced by Equity bank will be a welcome break for customers and small businesses trying to adapt to a new environment. All mobile transactions...
Sanlam

Sanlam is pledging USD 2.3 million to fight the coronavirus pandemic

Non-bank financial services provider Sanlam Emerging Markets (SEM) is pumping in USD 2.3 million (Ksh 243,681,090) to assist in the fight against the coronavirus pandemic that is currently obliterating economies. Dazed by the scale of the task, regional governments are struggling to contain the raging virus that has infected over 10,000 Africans and killed nearly 500. But various organizations are quickly emerging...
Equity Bank

Coronavirus: Banks are getting it right

The COVID-19 crisis struck the country like a robber at night. No one foresaw the economic onslaught, let alone the huge disruption to our daily lives that these pandemic has unleashed so far. For corporates, the outbreak is causing major disruptions enough to make bosses the world over uneasy. Read also :...
Absa

Absa bank is pausing repayments on customer loans amid COVID-19 crisis

It is during trying times that leaders emerge. As the government continues to battle a rampaging virus that is currently obliterating the nation’s economy, a list of organizations are emerging as leaders during these chaotic times. Read also: Billionaires or Bonga points, who will help in times of COVID-19 Banks, for instance, are seen as potentially...

INSIGHTS

MARKETS

A piece of state mortgage company will cost you more than...

If you have Sh10 million you can own the newest lender in town that will be backed by the World Bank and the government. The...

How digitization will continue to support Bank growth in Kenya

Kenya leads the continent in mobile banking penetration. Its success was due to a dominant mobile operator, the high mobile phone penetration vs. low...

BUSINESS AND MONEY

Covid-19 nurses

Equity bank and the MasterCard Foundation are pledging Ksh 1.1 Billion to boost the...

In a patriotic initiative directly spearheaded by Equity’s boss Dr. James Mwangi, Equity Group Foundation and The MasterCard Foundation have pledged Ksh...

JOBS

Jobs: Postbank is hunting for a Human Resource Manager

Postbank is a leading Savings Bank, with a nationwide network and offering a wide range of financial services. Postbank is seeking to recruit a high...

Wake Up and smell the chalk dust: packaging investment grade education...

With the roll out of the new 2-6-3-3-3 curriculum to replace the 32-year-old 8-4-4 system, potential investment in education has spurred. Kenya is seeking new...

Pan African Lender set sight on Intra-African trade

Small Businesses seeking to access African markets should talk to Ecobank to understand customers across 33 countries. Ecobank also has representative offices in China,...

KRA bans stripping of containers destined for Zanzibar

The Kenya Revenue Authority (KRA) has banned the stripping of cargo containers at the port of Mombasa before onward conveyance by dhows to various...

OTHER NEWS

The hidden baggage of the IMF loan

The government paid Sh273 million in interest for the standby loan to the International Monetary Fund by June last year. According to CBK this was...

KRA to host first tax stamp forum in Africa

The Kenya Revenue Authority (KRA) and Reconnaissance will co-host this year’s Tax Stamp Forum to be held in Africa for the first time. The...

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Absa bank will pay suppliers within a fortnight

Late payments create all sorts of cash flow headaches. In the wake of the coronavirus pandemic and its horrifying economic effects, a cash flow...

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