Business – Page 4 – The Splash

WorldRemit Founder Challenges De La Rue’s $9.6 million Somaliland Contract

On: 10 October 2023

Sahimiye Foundation has called on De La Rue, the world’s biggest printer of banknotes, to cancel a contentious $9.6 million contract to print 380 billion SL shillings for the Somaliland government. In an open letter to De La Rue, Sahamiye notes the decision to increase money supply in Somaliland willContinue Reading

Co-operative Bank of Kenya receives Ksh 13.8 billion for onward lending

By: Andrew James

On: 27 July 2023

In: Business

With: 0 Comments

The Co-operative Bank of Kenya has received a long-term 7-year funding facility amounting to USD 100 million (Kshs 13.8 Billion) from a consortium of financial institutions led by DEG for on-lending mainly to Micro, Small and Medium-sized Enterprises (MSMEs) in Kenya. The loan is a Tier II Facility that hasContinue Reading