East Africa
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AfDB approves trade finance transaction guarantee facility to Bancobu
BUJUMBURA – The African Development Bank [AfDB] Group has approved a trade finance transaction guarantee facility to Banque Commerciale Du Burundi [ Bancobu ], Leveraging Bancobu’s strategic footprint in the East African…
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Imarika Sacco releases impressive financial statement
NAIROBI -Imarika SACCO defied a harsh business environment in 2022 to post growth, according to Kenyan news agencies. The growth was boosted by its asset base, which improved to Ksh 11.66 billion…
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KMRC to provide affordable mortgages through banks, SACCOs
NAIROBI – The Kenya Mortgage Refinance Company [KMRC], a public-private partnership established to provide mortgage liquidity facilities to banks, microfinance institutions, and SACCOs, has made its home loans attractive and affordable. Local…
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Boresha SACCO told to gear up for Hustler Fund as Tower SACCO gets new director
NAIROBI- Baringo County’s cooperative officer David Maina has advised Boresha SACCO members to organise themselves if they are to benefit from Hustler Fund’s second phase, according to the local media outlets. Maina…
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Kakuzi to pay record Ksh 470mln dividend on higher earnings
NAIROBI-Kenyan agricultural firm Kakuzi Plc is set to pay a record dividend of Ksh 24 per share or a total of Ksh 470.3 million for the year ended December, riding on strong…
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Cooperative Bank of Kenya declares Ksh 5.7bln in dividend to be paid to cooperatives
NAIROBI– Cooperative societies which have a combined 64.5 shareholding in the Cooperative Bank of Kenya are poised to receive dividends amounting to Ksh 5.7 billion. This follows a significant growth in the…
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President Suluhu launches Africa’s Food System Forum 2023
DAR ES SALAAM – Tanzanian President, Dr. Samia Suluhu Hassan days ago officially launched Africa’s Food System Forum 2023, Africa’s premier platform for advancing the agriculture and food systems agenda on the…
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Kenya suspends loans for ailing Metropolitan National SACCO
NAIROBI-The Kenyan government and the interim board of the ailing teachers-owned Metropolitan National SACCO Limited, have suspended long-term loans to members, reached out to creditors for loan moratoria and embarked on closure…
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EAC and ESAMI to partner on capacity building on regional trade issues
ARUSHA – The EAC Secretary General, Dr. Peter Mathuki, and the Managing Director of the Eastern and Southern African Management Institute [ESAMI], Dr. Martin Lwanga, have signed a Memorandum of Understanding [MoU]…
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Farmers’ stores in Kenya receive subsidised fertiliser
NAKURU-The County Government of Nakuru has begun the operationalisation of stores for the distribution of subsidised fertiliser to the delight of farmers, according to Kenya News Agency. The operationalisation will see farmers…
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