Centum Investments raises US$65m to finance operation across East Africa

Centum Investments raises US$65m to finance operation across East Africa

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KENYA – Centum Investment has raised US$65million (Sh6.5 billion) from South Africa-based Nedbank for bankrolling ongoing projects across East Africa. The re-financing deal was signed between the Nedbank Corporate and Investment Banking (CIB), the Nedbank property finance division, and Centum Real Estate,…

Private equity fund unveils US$9.19m to support agribusinesses in Uganda

Private equity fund unveils US$9.19m to support agribusinesses in Uganda

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UGANDA – The Yield Uganda Investment Fund, an European Union (EU) backed agribusiness impact fund has injected US$9.19 million (UGX34bn) into Uganda’s agribusiness sector. The new financing follows the joining of Soros Economic Development Fund, part of Open Society Foundation (OSF) and…

Liquid Telecom names Dennis Kahindi new Chief Executive Officer in Uganda

Liquid Telecom names Dennis Kahindi new Chief Executive Officer in Uganda

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UGANDA – Liquid Telecom, the subsidiary of Zimbabwe based diversified telecommunications group, Econet Wireless has appointed Dennis Keko Kahindi as Chief Executive Officer of Liquid Telecom Uganda. He will lead the group’s business activities in Uganda, responsible for accelerating Liquid Telecom’s growth…

Standard Chartered Bank launches digitally-led retail banks in more African markets

Standard Chartered Bank launches digitally-led retail banks in more African markets

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AFRICA – Financial Group, Standard Chartered, has launched its digital services in Tanzania and Ghana following successful roll-outs in Côte d’Ivoire and Uganda. The firm has also unveiled plans of rolling out the system in Kenya following the launches of the Bank’s…

Standard Chartered launches second phase of digital banking service in Africa

Standard Chartered launches second phase of digital banking service in Africa

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AFRICA – Financial and Banking service provider, Standard Chartered, has launched the second phase of its digital-only retail bank across Africa. Standard Chartered said that the banking service will be extended in four key markets including Uganda, Tanzania, Kenya and Ghana  within…