Equity Group Holdings Limited has launched an internet platform that allows customers to book foreign exchange transactions online dubbed EazzyFX targeting the SME and Corporate customers. Group Director for Treasury James Mutuku says the platform offers a seamless experience in buying and selling foreign currency digitally eliminating the need for face-to-face or over-the-phone transactions. Additionally, it also allows access to competitive prices on both emerging market and major traded currencies. Among the key features of the online service include real-time streaming access, competitive market pricing and immediate tailored request-for-quotation facilities. Insights on all trades and deals are also available. Users…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Airtel Africa, a subsidiary of India’s telecom operator Bharti Airtel, has appointed eight global banks for an intended initial public offering (IPO) on an international stock exchange. The company has appointed JP Morgan, Citigroup Inc, BofA Merrill Lynch, Absa Group Limited, Barclays Bank PLC, BNP Paribas, Goldman Sachs International and Standard Bank Group Ltd. This is after Airtel Africa raised close to KSh126 billion from Singtel, Warburg Pincus, Temasek, SoftBank Group International, and others through a primary equity issuance to lower its existing debt and grow its business ahead of an intended Initial Public Offering. In November, Airtel Africa announced…
Kenya-based apparel retail chain Deacons East Africa has confirmed the appointment of joint administrators to help rescue the firm. Peter Kahi and Atul Shah of PKF International have been confirmed to oversee the administration process after complying with the requirements under section 548 of the Insolvency Act. “The Joint Administrators shall take control of the business, property, and management of the affairs of the company and exercise any and all powers available to them under the Fourth Schedule of the Insolvency Act,” said the company in a notice published in the Daily. “As a result of the administration, the powers…
Disney has released the first teaser trailer for its long awaited live-action remake of The Lion King. Disney has released the official teaser trailer for Jon Favreau’s computer-animated remake of “The Lion King,” and it’s nostalgic to those who relished the 90’s. The trailer has the main characters of the classic 1994 animated movie including Mufasa, Rafiki and Simba. Further, the famous ‘circle of life’ song and the classic scene where Rafiki holds baby Simba in the sky. https://twitter.com/Disney/status/1065736135240966144 ****** “The Lion King” journeys to the African savanna where a future king is born. Simba idolizes his father, King Mufasa,…
British Super Model, activist, and actress Naomi Campbell is in Kenya again for the holidays. She flew into Kenya on Friday aboard Kenya Airways. The award-winning supermodel shared a picture of her together with the Kenya Airways crew. “From London with love, hello Kenya,” she said. https://twitter.com/NaomiCampbell/status/1066014337029103616 In April 2017, Campbell spent her Easter holidays in Malindi. About Kenya, she said, “Life in Kenya is natural and beautiful.”
Telkom Kenya has secured a loan worth $40 million from the European Investment Bank (EIB) to improve and expand its network. The funds will help the telco to increase its 3G and 4G coverage and invest in its Fibre-To-The-Building network, which will dramatically improve services to SMEs and corporate customers. “In terms of how mobile services are used, we could say that Kenya is ahead of Europe, and both the market and possibilities are growing fast,” EIB Vice-President Ambroise Fayolle said. “We are happy to support Telkom’s growth strategy in expanding its 3G and 4G networks across the country.” Read: Telkom…