The world’s largest asset management firm, BlackRock, has made a significant investment in the Nairobi Securities Exchange (NSE) after a four-year hiatus, marking a win for the Kenyan bourse as it emerges from its toughest year yet. Kamau Thugge, the Central Bank of Kenya (CBK) governor, shared in a recent meeting with bankers that he…
Moove, a mobility fintech company founded in 2020 by Ladi Delano and Jide Odunsi, has recently secured a significant investment of $100 million in its Series B funding round. This investment is led by Uber and includes participation from other notable financiers. About Moove Since its inception, Moove has expanded its operations into nine markets,…
In Kenya, banks are vital institutions that provide a wide range of financial services to individuals and businesses. A bank essentially acts as a financial intermediary, accepting deposits from customers and providing loans while offering various other services like currency exchange, safe deposit boxes, and investment opportunities. There are different types of banks. Here are…
Let’s look into the financial prowess of Equity Bank Kenya, a heavyweight in the East African financial scene. A financial powerhouse serving both individuals and businesses, with a whopping 80 percent of transactions zipping through their advanced mobile banking tech. But what sets them apart? Well, it’s the game-changing support they’re throwing behind local businesses,…
Embarking on the journey of entrepreneurship in Kenya requires more than just a groundbreaking idea; it demands financial backing to turn dreams into reality. Many aspiring business owners find themselves grappling with the challenge of securing the necessary funds, leading to setbacks in bringing their ventures to fruition. Cash flow mismanagement remains a significant pitfall…
