Treasury Accesses Ksh105Bn from IMF-Supported Dollar Reserves
New disclosures reveal that in 2023, the Treasury accessed Sh105 billion from the dollar reserves received by the Central Bank of Kenya from the IMF in the form of Special…
Category: Banking & Fintech
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Kenya Power Approved to Bill Customer in US Dollars
Kenya Power receives government approval to bill select customers in US dollars, euros, and Sterling pounds, marking a significant milestone for the utility company.
Rand Merchant Bank Appoints Bayo Ajayi as Acting CEO
Rand Merchant Bank Nigeria has appointed Bayo Ajayi as Acting CEO, approved by the Central Bank of Nigeria.
DTB Uganda and TerraPay Partner to Reduce Remittance Costs
Diamond Trust Bank (DTB) and TerraPay’s new partnership promises to revolutionize remittance services, potentially slashing costs by over 50% for sending money to Uganda from abroad.
Visa Names Chad Pollock As New VP For East Africa
Visa has appointed Chad Pollock as the new Country Manager and Vice President for East Africa.
Safaricom Shareholders To Receive Dividend Of Sh0.55 Per Share
Safaricom investors will receive a lower dividend of Sh0.55 per share on March 15, 2024, compared to Sh0.58 per share last year.
Jeff Bezos Sells $2.37B in Amazon Stock,Totaling 8.4B in Two Weeks
Amazon founder and executive chair, Jeff Bezos, has sold approximately 50 million shares of Amazon stock over the past nine trading days, totaling around $8.5 billion.
Hatem Dowidar Appointed To Vodafone Group Board As A Non-Executive Director
Former CEO of Vodafone Egypt, Hatem Dowidar, has been appointed as a non-executive director on the Vodafone Group board.