Mastercard and Join Forces to Equip Kenya’s Disadvantaged Youth With Essential Professional Skills

Mastercard and – an independent UK and US registered charity working to promote education and employment among youth in Kenya and Uganda – have joined hands to empower young people with the essential skills needed to thrive in today’s competitive job market. Primary school in Kenya and Uganda is free but secondary school fees,

KCB & Mastercard Unveil World Elite Credit Cards

KCB Bank Kenya has partnered with global payments technology company, Mastercard, to roll out the World Elite Exclusive Credit Card that will offer premium and private banking customers a range of market-exclusive benefits, privileges, and experiences. This collaboration marks a significant milestone for the Bank as it is another strong step in building a world-class

Mastercard SME Confidence Index: Sharp Increase In Optimism Among SMEs In Kenya Compared to Previous Year

From surviving to thriving in the post-COVID world, small and medium enterprises (SMEs) in Kenya have demonstrated optimism and confidence about the next 12 months. These are the findings of the second edition of the Mastercard Eastern Europe, Middle East and Africa (EEMEA) SME Confidence Index. The 2021 inaugural SME Confidence Index delved into the

Equity Group Holdings and John Deere Sign Agreement to Increase Access to Quality Farm Equipment In Kenya for Small Scale Farmers

During the second edition of US Ambassador to Kenya, Meg Whitman’s investment roadshow series to the United States, Equity Group Holdings and farm equipment maker John Deere signed a comprehensive agreement to offer tractors into the Kenyan market through well-defined and affordable finance programs for both large scale and small-scale farmers. The agreement underpins Equity

Safaricom Inks Deal with a Consortium of Kenyan Banks to Fund Sustainability Agenda

Safaricom has announced the closure of a multi-billion Sustainability Linked Loan (SLL) to strengthen its Environmental, Social and Governance (ESG) agenda. The KES 15 billion deal, which is upscalable to KES 20 billion by accordion, is the largest ESG linked loan facility ever undertaken in East Africa, and the first of its kind for Safaricom

Absa Bank Kenya and Visa launch a new Card-to-Mobile Payment Solution for SMEs

Absa Bank Kenya has partnered with Visa, a global leader in digital payments, to introduce the Absa Mobi Tap solution, a market-first payment solution that allows small businesses to accept card-based payments from customers using an Android smartphone. This convenient and secure solution quickens the purchasing process by leveraging the smartphone as a point of

The Future of Trade Finance in Sub-Saharan Africa Amidst Hard Currency Challenges

With foreign exchange shortages plaguing sub-Saharan African economies, Bank One’s Head of Trade, Gerald Ndosi, explains what measures can be taken to overcome US dollar liquidity challenges, promote trade finance, and foster sustainable economic growth in the region International Trade is conducted in the currencies of major economic powers, largely the US dollar, European Union

Equity Group Acquires 91.93% of Cogebanque in Rwanda

Equity Group Holdings Plc enters into a binding term sheet with the Government of Rwanda, Rwanda Social Security Board, and other investors to acquire 91.93% of the issued share capital of Compagnie Générale de Banque (Cogebanque) PLC Ltd. Cogebanque is a public limited company licensed by the central bank of Rwanda (BNR) to provide banking

dLocal Granted Payment Service Licenses for Kenya and Rwanda

dLocal’s ability to directly process local payments will enable international merchants to accept payments, regardless of the platform, benefiting buyers and sellers dLocal Limited (NASDAQ: DLO, “dLocal”), a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, today announced the Central Bank of Kenya and the National Bank

Carrefour Partners With Visa to Provide Customers With Online Discounts

KES 400 discount for goods worth KES 3,000 and above when customers shop on the MAF Carrefour Mobile app and pay with locally issued Visa cards The campaign will run every Tuesday for three months starting June 2023 Carrefour, owned and operated by Majid Al Futtaim in Kenya, has announced its partnership with Visa, the