One Equity Till Number is simple and interoperable, making it very inclusive and in tune with the needs of many businesses
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Sycamore Capital is the latest to be admitted to Kenya’s Capital Markets Authority (CMA) Regulatory Sandbox for six months effective 10 January 2022. The fintech firm seeks to test its application named Cashlet App, a digital mobile-based unit trusts investment application. ‘The Cashlet App if successfully tested and rolled out in the open market, will play an important role in driving investor participation in the capital markets through collective investment schemes (CIS). It could contribute, in a way, to the growth of assets under CIS management over the current value of Kshs100 billion,” CMA Chief Executive Mr Wyckliffe Shamiah noted. …
Kenya Mortgage Refinance Company (KMRC) has been given the green light by the Capital Markets Authority (CMA) to roll out a Kshs 10.5 billion medium-term bond programme. KMRC targets to raise Kshs 1.4 bn during the first tranche of issuance at a 5.0 per cent rate, for onward lending to homebuyers at single-digit rates. The participating primary mortgage lenders (PMLs), which are also KMRC shareholders include KCB, Co-operative, DTB, HF Group, NCBA, Absa, Stanbic and Credit Banks. The SACCO PMLs are Kenya Police, Mwalimu National, Safaricom, Ukulima, Bingwa, Imarisha, Unaitas Imarika, Tower, Stima and Harambee. The sole MFI is Kenya…
The Kakamega High Court has restrained Sarai Group from carrying on its activities at the Mumias Sugar company for ten days. This is the second court order relating to the leasing of the miller. Justice Wilfrida Okwany issued interim orders to enable respondents to file their responses. “The subject matter involves the lease of Mumias Sugar and it’s of great concern to the public and is the subject of court litigations before the various courts including this court… I am satisfied that on the material provided before this court the applicant has made out a case for the granting of…
Coca-Cola Africa Operating Unit on Thursday unveiled JAMII, its new Africa-focused sustainability platform. The platform was developed jointly by its bottling partners to be delivered together with bottling partners, system employees and various NGO partners. The JAMII sustainability platform reflects Coca-Cola Africa’s mission and initiatives to empower and protect the communities and the environment in which we operate. The platform houses the Company’s existing and new sustainability initiatives through which Coca-Cola hopes to attract like-minded partners to help accelerate the on-the-ground impact of its initiatives. “We recognize the responsibility we have as market leaders to make a meaningful difference. Whether…
Equity Bank has reduced the duration it takes to settle PayPal withdrawals to one business day from three business working days. Equity Bank Kenya Managing Director Gerald Warui says the development enables customers to have quick access to their money. “The reduction in the settlement period is of great significance as the country moves towards growing the uptake of ecommerce,” he said via an emailed statement. “Covid-19 has forced many small businesses to adopt a digital operating model including the adoption of cash lite payment models such as direct payments into their Equity accounts through PayPal.” “The reduced settlement period…