MyCredit’s USD 3 Million Deal with BlueOrchard: Boosting Education Financing

MyCredit Limited, a non-bank financial service institution licensed by the Central Bank of Kenya, has recently secured a debt funding of $3 million from impact investment manager blueorchard. This funding is intended for onward lending in the education sector, supporting MyCredit’s strategic plan to offer affordable medium-term financing to private schools kenya for three years….

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Equity Bank Crowned Global Leader in Climate Financing

Equity Bank has achieved a remarkable feat, earning the top global spot in climate financing recognition by the International Finance Corporation (IFC). This esteemed recognition comes through the Climate Assessment for Financial Institutions (CAFI) Awards, where Equity Bank took first place in the Climate Reporting category. Leading by Example: Out of 258 participating financial institutions…

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Ujani Lights the Way in Financial Literacy

Ujani, a diversified financial services platform dedicated to empowering individuals and institutions with comprehensive financial literacy and investment tools. Tailored Learning for Every Stage: Personal Financial Education: Build a solid foundation with Ujani’s user-friendly platform, offering practical advice on budgeting, saving, investing, and retirement planning. Ujani Masterplan Portal: Dive deeper into advanced financial and investment opportunities, including…

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Jumia cuts short Food Delivery Market in Kenya and six other African Countries

Pan-African e-commerce giant Jumia is making a major shift in its strategy, announcing the closure of its food delivery service, Jumia Food, across seven key markets: Nigeria, Kenya, Uganda, Morocco, Tunisia, Algeria, and Ivory Coast. This decision, effective December 2023, follows a period of cost-cutting measures and strategic reevaluation aimed at achieving profitability. Jumia Food:…

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KRA Collects Sh1.03 Trillion in Revenue

KRA Exceeds Expectations with Sh1.03 Trillion in Revenue

The Kenya Revenue Authority (KRA) has collected an impressive Sh1.03 trillion in revenue between July and December 8th, 2023. This achievement is particularly noteworthy considering the numerous factors that could have negatively impacted tax collection. For example, between July and November, the Kenyan unit lost 22 percent of its value to the greenback. “Revenue performance…

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Credit Bank Sets Sights on NSE Listing, Aims for Tier 2 Status to Boost Growth and Attract New Investors

Credit Bank PLC, a Kenyan financial institution with 37 years of operation, has announced its intention to list on the Nairobi Stock Exchange (NSE). This strategic move, according to the bank, aims to expand market access, attract more investors, and elevate its status to a Tier 2 bank, ensuring long-term stability. The bank acknowledges the…

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