Kenya Breaking News, Business Information, Articles, Africa - kenyadetails

Co-Operative Bank Signs Sh5 Billion Deal to Boost SMEs

Cooperative Bank has signed a Sh5.1 billion ($61 million) loan agreement with the International Finance Corporation (IFC) to increase its credit to Small and Medium Enterprises in the country.

The bank’s Managing Director Gideon Muriuki said the loan which has a tenure of seven years will also be used to support agriculture projects.

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Firm to Build U.S. $100 Million Wind Power Initiative

Nairobi –  Global infrastructure development giant General Electric Company (GE) last week announced a grand plan of investing some $100 million towards power generation in Kenya over the next one year.

The funding will go towards the construction of two wind power projects to boost generation to the national grid.

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Kenya: Sh8,000 Android Dual SIM Tecno N3 Launched

Tecno in partnership with Qualcomm on Thursday Morning announced the launch of the Tecno N3 Android smartphone in Kenya. The dual SIM smartphone is the first Qualcomm Reference Design smartphone in Africa.

The launch was held at the Sarova Panafric and attended by Dr. Bitange Ndemo – Permanent Secretary in the Ministry of Information and Communication,

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Kenya: World Bank Gives Kenya U.S. $40 Million

Arusha – The World Bank has approved a total of $40m to support Kenya’s public-private partnership project an official of the bank has said.

“Kenya’s public private partnership project (PPP) is being supported by $40m infrastructure finance that was approved by the bank recently in Washington DC,

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