NCBA has announced a significant change affecting both existing and new consumer and commercial current account products. The bank will eliminate monthly account maintenance fees for various account types, including salary accounts, Platinum Flexi, Gold Pay as you go, Premier – All-in-One, and both consumer and commercial accounts.
The Alliance for a Green Revolution in Africa (AGRA) has revealed the top 15 finalists for the 2024 VALUE4HER Women Agripreneurs of the Year Awards (WAYA). This year’s finalists, selected from an impressive 1,535 applications across 44 African countries, represent the pinnacle of women’s leadership and innovation in agribusiness.
Kenya Power, in collaboration with the Japan International Cooperation Agency (Jica), has secured a Sh1.85 billion grant to connect approximately 9,121 households in Nakuru, Kilifi, Kwale, and Nyandarua to electricity. This funding marks the commencement of the fifth phase of the Last Mile Connectivity Project.
The Capital Markets Authority (CMA) is exploring the development of an Unstructured Supplementary Service Data (USSD) code to enhance market access for local investors lacking internet connectivity. This initiative aims to address a significant barrier for domestic investors by providing mobile-based access to capital market brokers, products, and information.
Kenya is launching an ambitious initiative to boost tourist arrivals by engaging its diaspora. The Kenya Tourism Board (KTB) has unveiled a new marketing campaign, “Ziara Kenya: One Diaspora, One Tourist,” aimed at leveraging the global networks of Kenyans living abroad to increase tourism to Kenya.
Kim-Fay East Africa, a leading manufacturer and distributor of hygiene, tissue, and home care products, has secured debt funding from the Norwegian Investment Fund for Developing Countries (Norfund) and I&M Bank. This significant investment will support the company’s regional expansion efforts and enhance its production capabilities.
Kenya and Uganda have initiated discussions on extending the Eldoret-Kampala petroleum products pipeline, as announced by the Kenya Pipeline Company (KPC) on Tuesday. This strategic extension aims to enhance regional fuel distribution and improve access to petroleum products.
LemFi, a leading financial technology platform, is revolutionizing global money transfers with its cutting-edge solutions. Known for its ability to simplify and enhance financial transactions, LemFi is expanding its services to meet the needs of the Latin American diaspora. This strategic move marks a significant milestone as the company broadens its reach to Brazil and Mexico.
