IMF approves $2.34 bn in financing for Kenya
The implementation of a 16% increase in VAT is to help the country to continue responding to the Covid-19 pandemic and limit public borrowing
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Paymob secures $18.5 mn funding to expand in Saudi Arabia
The expansion at home is planned as the pandemic spurs a surge in cashless transactions
Apple to pay $3.4 mn over iPhone obsolescence in Chile
Around 150,000 users in Chile sued the company claiming underperformance after a software update
Access Bank plans trade finance expansion with Grobank acquisition
The lender recently received regulatory approval to acquire a controlling stake in Grobank
Container volume in major Chinese ports up by 10.8% in March
In late March, export container increased by 8.7% while the domestic volume saw an increase of 18 %
Kenya Airways suspends flights to UK
The announcement was made after the UK announced Kenya to the “red list” of countries and barred travellers.
Kashima offshore wind project in Japan to be accelerated by 3 energy companies
A completed wind farm is expected to give clean energy enough to power about 70,000 Japanese households each year
Stripe to enter MENA with UAE launch
The startup is considered to be the most valuable private fintech firms in the world
UAE plans 25000 jobs in vital sectors in 5 years
The launch of this strategy is intended to line with the objectives of Industrial Strategy 2021-2031
Qetaifan Projects: Marking 3 Years of Excellence
Achievements galore despite all challenges