Regions
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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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Africa’s growth remains low, says World Bank report
KAMPALA-Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent’s largest economies, high inflation, and a sharp deceleration of investment growth, a World…
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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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AfDB approves US$ 147mln in subordinated debt to Mauritius Commercial Bank
ABIDJANI-The African Development Bank [AfDB] has approved US $147 million in subordinated debt to the Mauritius Commercial Bank Ltd [MCB] to enhance its capital base and mobilise loan growth in the renewables,…
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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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Nigeria Police Cooperative Society accused of fraud
LAGOS -Some police personnel late last year accused the leadership of the Nigeria Police Cooperative Multipurpose Society Limited of fraud, according to Sahara Reporters. Records show Nigeria Police cooperative, which is under…
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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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