Finance

Family Bank Lands Ksh1.5 Billion To Fuel SMEs’ Growth

Family Bank has acquired a Ksh1.5 billion loan portfolio guarantee facility from the African Guarantee Fund for Small and Medium-sized Enterprises (AGF) to increase its loan book to micro, small and medium-sized enterprises, women-led businesses and climate-friendly investments. In addition to the extension of the credit guarantee facility, the African

DTB Joins the United Nations Global Compact

“As a financial institution that has a rich 75-year heritage, we are aware of the need to be a sustainable corporate. Becoming a participant of the United Nations Global Compact is a key step towards aligning the business to embed sustainability at the core of all operations,” said Ms Devji.

Telco News

Pastor Julian Kyula’s StartUp, EDOMx Partners With Safaricom To Offer 0% Interest Loans

EDOMx, a startup by Pst. Kyula has introduced interest-free loans in partnership with Safaricom on its

Safaricom launches M-Pesa Visa Card for global payments

M-Pesa is today expanding into new territory as it seeks to become a globally accepted payments

Joseph Ogutu, Safaricom boss retires after 17-year stint

Long-serving Safaricom  Executive Committee member Joe Ogutu is set to retire from the firm at the end

Corporate Social Investments

BIC partners with Save the Children to supports more than 400,000 learners in Kenya

  BIC partners with Save the Children to supports more than 400,000 learners in Kenya [Nairobi, Kenya – 22nd February 2022 -] Stemming from its commitment to improve learning conditions for 250 million children by the year 2025, BIC has partnered with Save the Children, the world’s first and leading independent children’s organization, to distribute school supplies to more than 400,000 learners in need in Kenya. A handover event held at Save the Children headquarters in Nairobi took place in attendance of senior Save the Children and

Finance

Lami Technologies Raises US$3.7mn Seed Extension.

The US $3.7m extension brings the total raised by the insurtech to US $5.5m The extension was raised by Harlem Capital, Newtown Partners, Peter Bruce-Clark, Caribou Honig & Jay Weintraub, along with senior members from Exotix Advisory The funding will be used for business development,

Music & Arts

Over 15,000 People Turn up For TWAWEZA LIVE Concert In Eldoret

‘Safaricom Twaweza Live’ experience to positively impact customers and community’ Nairobi, Kenya – 27th May 2018… Safaricom (NSE: SCOM) held its first Mega concert dubbed Twaweza Live in Eldoret at the Eldoret Sports Club. This was the culmination of a 10 day activation in the Rift region that saw Safaricom engage with customers and do CSI activities. Kenyan artistes that lined up performances include, Sweet Star, Josephat Koech, Mercy Masika, Vivian, Naiboi, Nyashinski and Redsan. Twaweza Live is a 7-month long campaign that will see the company engage with communities across Kenya through free medical camps, campus takeovers, great device offers, talent search activities, youth mentorship programmes and music concerts. “Twaweza live is not only about music but it is a campaign that will see us traverse all the regions of this country and establish legacy projects in each region that will change and positively impact the lives of the communities there,” said Sylvia Mulinge,

Impact

NAIROBI, Kenya, Nov 10 – Safaricom Wednesday reported a 12.1 percent growth in its half-year financial year results ending 30 September 2021 from 33.07 billion to 37.1 billion.

“Despite the past year being one with far-reaching changes and extraordinary circumstances given the pandemic, we are encouraged by the business resilience and recovery trajectory marked by a return to near normalcy. We are well-positioned to support our customers and provide technology solutions as we turn the business into a purpose-led technology organization,” said Ndegwa.

Sports

Safaricom’s M-PESA Announces KES 23 million Sponsorship for inaugural Ladies European Tour Golf Tournament

General admission tickets on sale for KES 1000 per day Nairobi, Kenya – 18th November 2019. Safaricom’s (NSE: SCOM<http://www.safaricom.co.ke/about-us/investors-relations/stock-information>)

Corporate Social Responsibility

GUINNESS NIGHT FOOTBALL CAMPAIGN TO FLY KENYAN FIVE-ASIDE TEAM TO THE PAN-AFRICAN TOURNAMENT

Nairobi, Kenya, 22nd October 2019 – Guinness, Kenya’s most distinct stout beer and proud media broadcast sponsor of the

-Money Markets-

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Press Releases

The role of the private sector in improving education: a luxury or a necessity?

Nairobi, November 2021: Global Education Week (GEW) is an annual worldwide awareness raising initiative that aims to develop learning communities. The initiative encourages learners and educators to collaborate to approach global issues through innovative teaching methods. Global Education Week, which takes place during the third week of November, is an excellent

EQUITY GROUP HOLDINGS PLC. MAKES PROGRESS ON ACQUISITION PLANS IN THE DEMOCRATIC REPUBLIC OF CONGO

Equity Group Holdings enters into a share purchase agreement for the acquisition of a majority stake in Banque Commercial Du Congo, proposes to increase its shareholding in EBC in a deal with Kreditanstalt Für Wiederaufbau (KfW) Nairobi, 19th November, 2019…. Equity Group Holdings, (EGH) has entered into a share purchase

Safaricom’s M-PESA Announces KES 23 million Sponsorship for inaugural Ladies European Tour Golf Tournament

General admission tickets on sale for KES 1000 per day Nairobi, Kenya – 18th November 2019. Safaricom’s (NSE: SCOM<http://www.safaricom.co.ke/about-us/investors-relations/stock-information>) M-PESA has today announced a KES 23 million sponsorship towards the inaugural Ladies European Tour set to take place from 5th to 8th December 2019 at the Vipingo Ridge Baobab Course.The

EQUITY WINS BIG AT THE SUSTAINABLE FINANCING AWARDS

Nairobi, November 18, 2019…..Equity has been named the Most Innovative Bank at the third annual Sustainable Finance Initiative (SFI) Catalyst Awards ceremony organized by Kenya Bankers Association (KBA).Equity was on the podium in 8 categories scooping top position in three of the 10 categories. These are; Most Innovative Bank, Client

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