Chinese banks have fined Kenya 1.312 billion Kenyan shillings in the year ended June for defaults on loans provided to build the standard gauge railway (SGR), according to Treasury documents seen by Business Daily Africa. SGR posted an operating loss of Sh 3.4 billion, and wired Sh 22.7 billion in […]
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Kenya: 24 people killed after bus plunges into river
At least 24 people died on Sunday evening after a bus plunged into a river along a highway in Kenya, local media reported, citing the rescue team and the Kenya Red Cross Society. The bus, en route from the central county of Meru to Nairobi, fell off a bridge into […]
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Netflix launches free streaming plan in Kenya
Popular streaming giant Netflix is all set to launch a free mobile plan in Kenya. Under the plan, the users won’t be required to provide any payment information during the sign-up. The new plan is available to any user aged 18 or above with an Android phone, reported TechCrunch. Announcing […]
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PureSoftware further expands its global footprint with the opening of office in Kenya, Africa
PureSoftware, a leading software company focused on fintech, 5G and digital transformation, announced the opening of its first office in Kenya. This new office will further expand the reach of PureSoftware’s digital solutions and its software products – Arttha Fintech and Arttha5G in the continent. The opening of Nairobi office will enable PureSoftware to better serve […]
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World Bank approves 130 million USD to help Kenya fight Covid-19
The World Bank said it has approved 14 billion shillings (about 130 million U.S. dollars) additional financing to help Kenya facilitate affordable and equitable access to COVID-19 vaccines. The lender said in a statement released on Monday that the financing will enable Kenya to procure more vaccines through the African Vaccine Acquisition Task Team (AVATT) initiative and the COVID-19 Vaccines […]