Thursday, March 28, 2024
Wardheer News

Salaam Bank launches Uganda’s first Islamic bank

KAMPALA, (Reuters) – A unit of Djibouti-based Salaam Group launched in Uganda on Wednesday as the country’s first Islamic banking-compliant financial institution, the Ugandan president’s office said. The launch of the Salaam Bank Limited’s operations follows a law legalising Islamic … Continued

Kenya loses bid to host climate change centre

Nairobi has lost a chance to host a climate change hub after the Advisory Board changed the location to Geneva. Earlier, the United Nations agencies had recommended Nairobi as the optimal location from a shortlist of other cities such as Addis Ababa, … Continued

Immigration deports five over criminal links

The Immigration Department has deported at least five foreign nationals implicated in unlawful activities in the country. The deportation, executed on March 18, aligns with the department’s efforts to address the challenges posed by foreign criminals to the public and … Continued

Eastleigh mall attracts seven banks in under a year

Business Bay Square mall (BBS) in Nairobi’s Eastleigh has attracted seven banks in under a year, giving it a revenue boost at a time many malls have been struggling with low occupancy. Absa Bank Kenya mid-last month became the latest … Continued

Kenya is Africa’s start-up funding top destination

By VINCENT OWINO Kenya has defied a global funding drought for budding companies to post a 17 percent increase in new start-up investments, toppling Nigeria and Egypt as the continent’s largest destination for start-up financing. In 2023, 62 Kenyan start-ups … Continued