Digital lending is the next horizon for Africa’s banks, says Skaleet CEO

Manceron, CEO of Skaleet. 

By adopting Skaleet’s digital lending services, banks should be able to provide serious competition to fintechs that have recently disrupted the personal lending space in Africa

The recent growth of financial entities like fintechs, telecos and neobanks has heaped enormous pressure on Africa’s traditional banking system,

Airtel Kenya pays Sh1.1bn for licence

An Airtel shop in Nairobi. FILE PHOTO | NMG

By JOHN MUTUA
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Airtel Kenya has paid the government Sh1.13 billion ($10 million) in fees for a network licence to cater for the increased demand for its mobile data services.

Central Africa Republic adopts bitcoin as legal currency

The Central African Republic, the second least developed country in the world according to the UN, has adopted bitcoin as its official currency alongside the CFA franc. It is legalising the use of cryptocurrencies, the presidency announced, claiming it is the first country to do so in Africa. Yet parts of the population have no access to the internet and many Central Africans do not yet know what cryptocurrencies are.

How Absa kept corporate credit flowing amid shocks

By OTIATO GUGUYU

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Kenyan corporate loan book has grown over the last year despite many problems from

Safaricom boss retires after 17-year stint

Safaricom Foundation chairman Joseph Ogutu. FILE PHOTO | NMG

By BRIAN AMBANI
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Long-serving Safaricom #ticker:SCOM Executive Committee member Joe Ogutu is set to retire from the firm at the end of the month after a 17-year stint at the giant telco.

Inflation, salary squeeze dims Labour Day festival

Federation of Kenyan Employers Executive Director Jacqueline Mugo. FILE PHOTO | NMG

By CONSTANT MUNDA
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Workers are facing their most painful squeeze in over a decade after a day in which the

Weak shilling knocks Kenya weapons deal

Military vehicles spotted at the port of Mombasa on April 11, 2019. PHOTO | LABAN WALLOGA | NMG

By OTIATO GUGUYU
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Kenya required more money to buy less military equipment such as guns and tanks last year due to the weakening of the shilling against the US dollar.

Report ranks Tanzania 7th in number of dollar millionaires in Africa

By Paul Owere

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Dar es Salaam. Tanzania has been ranked seventh in terms of the number of dollar millionaires, according to a report by

Tigo to relocate offices to PSSSF Commercial Complex

Tigo will occupy 20 floors from the 13th to 33rd floor of the building that is on Sam Nunjoma Road

By The Citizen Reporter

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Dar es Salaam. Tigo Tanzania yesterday signed a lease agreement with the Public Service Social Security Fund (PSSSF) for the

Tanzania’s three Safari lodges among the best in Africa

Singita Sabora Tented Camp

By Paul Owere

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Dar es Salaam. Tanzania is home to three of the top 10 best Safari lodges in Africa, The Africa Wealth Report 2022 has revealed.

CCM wants action over rot revealed in CAG's report

By Happy Lazaro

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Arusha. CCM vice chairman (Mainland) Abdulrahman Kinana has advised government agencies and leaders to take action against all those implicated in the

South Africa still dominates Africa’s Top 250 Companies table

Tom Minney Mauritius, South Africa, Zimbabwe Finance & Services

Although Southern Africa's overall share of market capitalisation is down in this year's survey, regional firms still account for 133 of Africa’s Top 250 Companies, up from 120 last year

For over 16 years African Business has been running an annual ranking of

Safaricom leads ranking of East Africa’s Top 20 companies

 Kenya’s Safaricom remains East Africa's highest ranking company in our survey of Africa's Top 250 Companies but falls from #9 last year to #12 this year.

For over 16 years African Business has been running an annual ranking of

SEKTA BINAFSI KUNUFAIKA NA MIKOPO BENKI YA DUNIA

Katibu Mkuu Wizara ya Fedha na Mipango, Bw. Emmanuel Tutuba, akisalimiana na Makamu wa Rais wa Taasisi ya Benki ya Dunia inayoshughulika na utoaji Mikopo kwenye Sekta Binafsi, Kanda ya Afrika (International Finance Corporation-IFC), Bw. Sergio Pimenta, baada ya mazungumzo yaliyolenga kuisaidia sekta binafsi nchini Tanzania, mazungumzo hayo yalifanyika Washington DC, Marekani, wakati wa Mikutano ya Majira ya Kipupwe ya Benki ya Dunia na Shirika la Fedha la Kimataifa-IMF.

Katibu Mkuu Wizara ya Fedha na Mipango, Bw. Emmanuel Tutuba (kushoto), akiwa na Makamu wa Rais wa Taasisi ya Benki ya Dunia inayoshughulika na utoaji Mikopo kwenye Sekta Binafsi, Kanda ya Afrika (International Finance Corporation-IFC), Bw. Sergio Pimenta, baada ya mazungumzo yao yaliyolenga kuisaidia sekta binafsi nchini Tanzania, mazungumzo yaliyofanyika Washington DC, Marekani, Kando ya Mikutano ya Majira ya Kipupwe ya Benki ya Dunia na Shirika la Fedha la Kimataifa-IMF.

Katibu Mkuu Wizara ya Fedha na Mipango, Bw. Emmanuel Tutuba, akizungumzia mchango wa Taasisi ya Benki ya Dunia inayoshughuika na utoaji mikopo kwenye sekta binafsi nchini Tanzania, akiongoza ujumbe wa Tanzania kwenye kikao hicho kilichofanyika Jijini ashington DC Marekani, wakati wa mikutano ya majira ya kipupwe ya Benki ya Dunia na Shirika la Fedha la Kimataifa–IMF.

Makamu wa Rais wa Taasisi ya Benki ya Dunia inayoshughulika na utoaji Mikopo kwenye Sekta Binafsi, Kanda ya Afrika (International Finance Corporation-IFC), Bw. Sergio Pimenta, akisisitiza jambo wakati alipokutana na ujumbe wa Tanzania kujadili mchango wa Taasisi hiyo katika ukuaji na uendelevu wa sekta binafsi nchini Tanzania, mkutano uliofanyika Jijini Washington DC, Marekani.

Masolwa-Afisa Dawati Benki ya Dunia-Wizara ya Fedha na Dkt. Suleiman Misango -Mkurugenzi wa Tafiti za Uchumi-BoT.

Katibu Mkuu Wizara ya Fefdha na Mipango, Bw. Emmanuel Tutuba, akiwa katika mkutano na uongozi wa Taasisi ya Benki ya Dunia inayoshughulika na utoaji mikopo kwenye Sekta Binafsi (IFC), Jijini Washington DC, Marekani. Kushoto ni Kamishna wa Idara ya Fedha na Mipango, Bi Sauda Msemo. (Picha na Kitengo cha Mawasiliano Serikalini-Wizara ya Fedha na Mipango-Washington DC)

Mshauri Mwandamizi wa Mkurugenzi Mtendaji wa Benki ya Dunia anayesimamia Kanda ya Afrika, Dkt. Zarau Kibwe (kushoto) na Kamishna wa Idara ya Fedha za Nje wa Wizara ya Fedha na Mipango, Bi. Sauda Msemo, wakifuatilia mjadala kuhusu