06/11/2020
The overdraft facility, a temporary source of cash to cater for emergencies and priority payments, is usually used by the Treasury when revenue streams such as tax receipts and debt do not flow in at a pace that matches expenditure demands.
06/11/2020
The Bank’s current portfolio in Somalia totals $298 million, covering operations in agriculture, water and sanitation, transport, social and energy, and multi-sectoral projects
06/11/2020
This is why banks need to build up a strong buffer to protect against these risks.
06/11/2020
The government’s strategy to create a platform for sustainable growth in a “new normal” world is commendable.
06/11/2020
The brokerage is also licensed under the Vanuatu regulator.
06/10/2020
“By mutual agreement with the directors of Old Mutual Holdings Limited, the maturity date of the loans has been extended to 2021 as the directors make arrangements to settle the loan,” the insurer said in the report.
06/10/2020
Majority Leader Aden Duale said the budget is being prepared at a time when the economy is stressed and it ought to respond to the challenges of a crisis whose timeline is unknown.
06/10/2020
Old Mutual is UAP’s controlling shareholder with a stake of 60.5 percent and which was acquired in 2015 at a cost of Sh20 billion from a consortium of investors including businessman Chris Kirubi.
06/10/2020
The first ever condemnation of a peer by the digital lenders comes even as the Central Bank of Kenya (CBK) pursues regulations to tame the credit only start-ups following numerous complaints by Kenyans.
06/10/2020
With 200 mn accounts at a single site, Clari5 has the world’s largest implementation of a fraud management solution.
06/09/2020
The partnership allows Genghis Capital to offer its clients the ability to trade for themselves in the global space.
06/09/2020
The process of separating from Barclays is now 99% complete
06/08/2020
Whilst Fairmont’s case comes against the background of a government-ordered shutdown of many economic activities, some cases are simply egregious.
06/07/2020
The loan is the Bank’s initial response to help mitigate the slump in oil prices and its impact on the national economy
06/05/2020
Shinhan was recognized for its overseas project financing experience involving wind energy and telecommunications
06/05/2020
The goal was to free up more than $20 billion (Sh2 trillion) that poor or struggling governments could use to buttress their health services.
06/05/2020
The approval was made on 27 May 2020
06/05/2020
The United Democratic Movement would argue that there is enough evidence to warrant that Charnley must vacate her seat on the PIC board immediately.
06/05/2020
As the global pandemic continues to wreak havoc across the world, it has not only claimed over 300,000 lives but also businesses says Lutakome.
06/04/2020
The Making Finance Work for Africa (MFW4A) partnership and PwC Nigeria co-hosted a webinar to explore the impact of COVID-19 on African capital markets last month