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  NEWSUPDATE
Tala loans reach 2.5 million customers amid Fintech revolution 1 min ago
African woman entrepreneur takes honey business to the world 26 mins ago
Seacom unveils direct-to-corporate services in Uganda 10 hours ago
Will Ethiopia’s informal lending sector stymie foreign banks’ growth? 1 day ago
ATZ Law Chambers Rebrands to A&K Tanzania, expands leadership team 2 days ago
Bolt targets corporates with new business strategy 2 days ago
NSE trade more than doubles as market breaks for weekend 2 days ago
Kenya eyes continental free trade area with quality in SMEs 2 days ago
Lamu, Kitui call for halt in coal projects 3 days ago
Airlines losses prediction worsens KQ’s gloomy future 3 days ago
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Tala, the leading consumer lending app in emerging markets, has disbursed loans to over 2.5 million customers globally, in the wake of continued global expansion of financial technology. Tala, formerly Mkopo Rahisi, was launched in Kenya in 2014 becoming the first in the world to offer unsecured mobile loans direct to consumers. Tala has improved financial inclusion in Kenya by expanding credit access across Kenya by using alternative data to instantly underwrite and disburse credit to people who have been excluded from traditional finance due to lack of credit history or formal records.
East Africa

Tala loans reach 2.5 million customers amid Fintech revolution

by Chacha MwitaJune 17, 2019
Madvee Muthu- The Exchange
Africa

African woman entrepreneur takes honey business to the world

by Kawira MutisyaJune 17, 2019
SEACOM has extend its corporate market offering into the East African region, under its Seacom Business brand, by providing its industry-leading Internet connectivity and cloud services directly to corporate customers in Uganda. SEACOM has been a leading data connectivity provider in Uganda enabling access though the service provider segment. SEACOM launched the first broadband submarine cable system along the East African coastline in 2009 linking South Africa, Tanzania, Kenya, Mozambique with several major hubs in Europe and Asia.
Tech & Business

Seacom unveils direct-to-corporate services in Uganda

by Chacha MwitaJune 17, 2019
Equity Bank www.theexchange.africa
Business

Will Ethiopia’s informal lending sector stymie foreign banks’ growth?

by Njenga HakeenahJune 15, 2019
ATZ Law Chambers, the Africa Legal Network (ALN) member firm in Tanzania has rebranded to A&K Tanzania in its quest to expand its services in the country and the region. Anjarwalla & Khanna (A&K) Tanzania has taken over the practice of ATZ Law Chambers in the new move. The firm’s core leadership team will now include Partner, Geofrey Dimoso and Director, Shemane Amin who joined in April and February respectively. A&K Tanzania is a leading full service corporate and commercial law firm, uniquely placed to advise clients on the legal and commercial aspects of doing business in Tanzania.
Business

ATZ Law Chambers Rebrands to A&K Tanzania, expands leadership team

by Chacha MwitaJune 16, 2019
Bolt, the leading European on-demand transportation platform has launched ‘Bolt for Business’, a plan that allows companies to manage and pay for all corporate trips from one central location. Formerly known as Taxify, Bolt is a leading European transportation platform that’s focused on making urban travel easier. Bolt which operates a taxi hailing service is one of the fastest-growing transportation platforms in Europe and Africa.
Africa

Bolt targets corporates with new business strategy

by Chacha MwitaJune 16, 2019
Trading at the Nairobi Securities Exchange (NSE) more than doubled this week compared to the previous week as the market recorded increased investor activities. NSE turnover for the week rose to Ksh3.7 billion (US$36.3 million) on 102 million shares traded against 51.8 million shares valued at Ksh1.3 billion (US$12.8 million) transacted the previous week. Safaricom was the week’s biggest mover. The value of Safaricom shares transacted was Ksh1.4 billion (US$13.7 million). NSE bond market turnover declined marginally Ksh13.4 billion (US$131.6 million) compared to Ksh13.7 billion (US$134.6 million) posted the previous week.
Kenya

NSE trade more than doubles as market breaks for weekend

by Chacha MwitaJune 16, 2019
The Kenya Bureau of Standards (KEBS) has initiated a scheme aimed at promoting and entrenching a quality culture amongst Micro, Small and Medium Enterprises (MSMEs) in Kenya. The move is a strategy to prepare local businesses to tap into the Africa Continental Free Trade Area which is slowly taking shape, with Kenya having already ratified the pact.There are also increased efforts to improve the quality of Kenyan products to meet international standards, which will help Kenyan manufacturers and producers increase their exports to foreign markets. Kenya is keen to improve the quality of local produces to gain a huge market in the Africa Continental Free Trade Area.
Investing

Kenya eyes continental free trade area with quality in SMEs

by Chacha MwitaJune 16, 2019
Tala, the leading consumer lending app in emerging markets, has disbursed loans to over 2.5 million customers globally, in the wake of continued global expansion of financial technology. Tala, formerly Mkopo Rahisi, was launched in Kenya in 2014 becoming the first in the world to offer unsecured mobile loans direct to consumers. Tala has improved financial inclusion in Kenya by expanding credit access across Kenya by using alternative data to instantly underwrite and disburse credit to people who have been excluded from traditional finance due to lack of credit history or formal records.
Madvee Muthu- The Exchange
SEACOM has extend its corporate market offering into the East African region, under its Seacom Business brand, by providing its industry-leading Internet connectivity and cloud services directly to corporate customers in Uganda. SEACOM has been a leading data connectivity provider in Uganda enabling access though the service provider segment. SEACOM launched the first broadband submarine cable system along the East African coastline in 2009 linking South Africa, Tanzania, Kenya, Mozambique with several major hubs in Europe and Asia.
Equity Bank www.theexchange.africa
ATZ Law Chambers, the Africa Legal Network (ALN) member firm in Tanzania has rebranded to A&K Tanzania in its quest to expand its services in the country and the region. Anjarwalla & Khanna (A&K) Tanzania has taken over the practice of ATZ Law Chambers in the new move. The firm’s core leadership team will now include Partner, Geofrey Dimoso and Director, Shemane Amin who joined in April and February respectively. A&K Tanzania is a leading full service corporate and commercial law firm, uniquely placed to advise clients on the legal and commercial aspects of doing business in Tanzania.
Bolt, the leading European on-demand transportation platform has launched ‘Bolt for Business’, a plan that allows companies to manage and pay for all corporate trips from one central location. Formerly known as Taxify, Bolt is a leading European transportation platform that’s focused on making urban travel easier. Bolt which operates a taxi hailing service is one of the fastest-growing transportation platforms in Europe and Africa.
Trading at the Nairobi Securities Exchange (NSE) more than doubled this week compared to the previous week as the market recorded increased investor activities. NSE turnover for the week rose to Ksh3.7 billion (US$36.3 million) on 102 million shares traded against 51.8 million shares valued at Ksh1.3 billion (US$12.8 million) transacted the previous week. Safaricom was the week’s biggest mover. The value of Safaricom shares transacted was Ksh1.4 billion (US$13.7 million). NSE bond market turnover declined marginally Ksh13.4 billion (US$131.6 million) compared to Ksh13.7 billion (US$134.6 million) posted the previous week.
The Kenya Bureau of Standards (KEBS) has initiated a scheme aimed at promoting and entrenching a quality culture amongst Micro, Small and Medium Enterprises (MSMEs) in Kenya. The move is a strategy to prepare local businesses to tap into the Africa Continental Free Trade Area which is slowly taking shape, with Kenya having already ratified the pact.There are also increased efforts to improve the quality of Kenyan products to meet international standards, which will help Kenyan manufacturers and producers increase their exports to foreign markets. Kenya is keen to improve the quality of local produces to gain a huge market in the Africa Continental Free Trade Area.

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