10/23/2020
“Our employment model is largely based on our view of GDP growth – and because GDP declined significantly (-51% q-o-q) in the second quarter, this exaggerated the extent of job losses in our model.
10/22/2020
DIB Bank Kenya’s parent company Dubai Islamic Bank also walked away with five awards including the coveted title of the Best Overall Islamic Bank globally.
10/22/2020
It also said there were some signs of an economic recovery.
10/21/2020
Debt relief measures granted to distressed borrowers to mitigate the effects of the Covid-19 pandemic and the subdued loan growth are also expected to dampen profitability.
10/21/2020
While the global economy slows, Egyptian banks aim to expand their foothold in Africa and boost intraregional trade.
10/21/2020
Its partnership with SpaceX will provide satellite-powered Internet connectivity on Azure.
10/20/2020
The upper reaches of the rankings are now dominated by Egyptian banks, as the north African nation has managed to avoid recession – bucking the global trend.
10/20/2020
Even if a fintech should have the ear of a big banking client, there are the hurdles of formal agreements, running proofs of concept and addressing concerns about security and licensing.
10/19/2020
With its disruptive technology DafriBank aims to push the boundaries in the African banking community to offer top-class digital banking services that will help many companies uncover the real value of their businesses.
10/16/2020
The bank’s climate-related financial exposures report gives the fullest picture yet of its lending to fossil fuel industries.
10/16/2020
BoA, distinguished for the 7th year in a row, improved its score compared to 2019.
10/16/2020
First Bank CEO has been honoured with membership of Bretton Woods Committee (BWC).
10/16/2020
The impressive performance registered during an interest capping period was driven by a 23% growth in loan book to Ksh.366.4 billion from Ksh.297.2 billion in 2018.
10/16/2020
Existing EasyEquities clients can easily sign-in and link their accounts. New clients can follow the registration process and then start investing, Viviers said.
10/15/2020
Large banks’ (tier one) had a loan book of Sh2.332 trillion by end of June, equivalent to 80 percent of the entire banking sector’s loan book—meaning they effectively control the formal credit market.
10/15/2020
Lender to continue high IT spend to keep up with competitors
10/14/2020
This has pushed Zimbabwe's external debt to $4.8 billion.
10/14/2020
The Botswana owners have also committed to personally pay 72 million Botswana Pula (Sh681 million) if further Kenya debts materialise.
10/14/2020
Basa collects data on credit agreements between banks and their customers.
10/14/2020
The lender was ranked position 52 and 54 in 2018 and last year respectively