The Mwango roundup of Today’s Top Business News [April 13, 2022]
1. Resolution Insurance founder @PeterNduati has sued majority shareholder, Linkham Services & its associates, accusing them of breaching a share purchase deal blamed for the collapse of the insurer.
3. Equity Group [@KeEquityBank] is planning a USD 100M (~KES 11B) capital injection to Equity BCDC, its DRC subsidiary, to strengthen its capital base and boost lending.
Allocation brings to KES 27B in total investment that Equity has been channeled to DRC.
The Mwango roundup of Today’s Top Business News [April 12th, 2022]
1. The fuel crisis is back.
Fuel stations have reported dry pumps all over again while those with fuel were characterised by long queues and limited how much fuel a motorist could buy.
2. According to the Intergovernmental Authority for Development (IGAD), 3.5M Kenyans are in desperate need of food aid due to failed March – May rains.
"I didn’t come up with the idea but I brought it to life. I consider myself the mother of M-Pesa. When we brought it to life, we didn’t know it could do this much"
3/ Did he imagine it would be this impactful?
“The intention was to change peoples’ lives for the better. But to imagine to this extent that we have, no"