05/27/2020
The Johannesburg-based firm provides credit to government clients throughout sub-Saharan Africa in sectors ranging from information and communications technology to transport, water and energy.
05/27/2020
Banks and other financial institutions posted a 24% GDP Growth Rate for the First Quarter of 2020.
05/27/2020
The decision to acquire Imperial Bank comes after KCB Bank received the necessary approvals from CBK and The National Treasury and Planning, earlier this month.
05/26/2020
Ecobank is named the most innovative bank in Africa at the eighth Global Finance annual awards, the Innovators 2020 honoring entities
05/26/2020
Treasury chiefs project in the medium-term Budget Estimates that expenditure on servicing the country's rising debt will top Sh1.023 trillion in the year ending June 2022 from Sh904.7 billion next financial year starting July 2020.
05/26/2020
KCB first provided NBK with a Sh5 billion capital support in December last year after acquiring the subsidiary in a share swap deal.
05/26/2020
The app was built out of the need to deliver to its customers, a world-class banking experience from anywhere and at any time.
05/25/2020
Albert Saltson, StanChart’s managing director, said it took “significant steps” to reshape its business by implementing “refreshed strategic priorities.”
05/24/2020
The main aim of the Covid-19 Rapid Response Facility, established by the Mauritian Government, is to support the national response fighting the ongoing outbreak
05/22/2020
Banks expect reduced demand for loans in the wake of the coronavirus crisis, which has hit business activity in what will ultimately slow down lenders’ profits.
05/22/2020
The rise in profitability was largely due to a 20.4 percent rise in interest income to Ksh.
05/22/2020
While Ghana became the first African country last month to ease restrictions on citizens
05/22/2020
Clients who can demonstrate the impact of Covid-19 on their businesses and soundness of their business model in the new normal will get reprieve of loan rescheduling and refinancing with up to an additional three years of repayment.
05/21/2020
The earnings included the performance of the newly-acquired subsidiary, National Bank of Kenya (NBK), whose net profit more than doubled to Sh154.9 million from Sh66.2 million over the same period.
05/21/2020
The prior year has been restated to reflect a like-for-like basis aiding comparability between periods.
05/21/2020
Adegoke Adegbami, CEO of Mainstreet Microfinance Bank, discusses how digitisation and a customer-centric attitude are critical to extending financial access to all
05/21/2020
When Moody's downgraded SA's sovereign rating in March into "junk," Land Bank was further relegated into sub investment grade.
05/21/2020
Leading South African processor and technology company to leverage ACI’s UP Retail Payments.
05/21/2020
Eight African markets to receive the Red Cross support include; Botswana, Cameroon, Kenya, Nigeria, , Sierra Leone, South Africa, Tanzania and Zimbabwe.
05/20/2020
Bank deposit rates have continued to edge lower because of market conditions and excess cash liquidity in the banking system. There is a possibility that the bank rate drops again this year.