05/09/2019
In the East African region, where Airtel has operating units in Uganda, Rwanda, Kenya, Tanzania, Malawi and Zambia – there was an increase in the customer base, with the number rising to 42.8 million in the March 2019 quarter.
05/08/2019
Its stock of bad debts expanded 61 percent to Sh16.7 billion, raising loan loss provisions in its profit and loss account nearly 10 times to Sh631.5 million.
05/08/2019
It also disclosed that at least 30 per cent of the fund must go into promoting businesses that were owned and ran by women entrepreneurs.
05/07/2019
Operating expenses increased by four per cent to N18.5bn, compared to the N17.9bn reported in Q1 2018.
05/06/2019
KCB is also planning to open a representative office in China, to take advantage of growing trade links between East Africa and China, he said
05/03/2019
The lender will aim to “redeploy impacted staff wherever possible,” she said, adding the company has 384 employees in Zimbabwe.
05/03/2019
Affected staff seek intervention of country’s labor commission
05/03/2019
BRAC International plans to use the proceeds from the sale to further expand its operations in other countries with low levels of access to finance.
05/03/2019
Ramaphosa set to start orthodox macro, micro reform, he says
05/02/2019
According to the results, profit attributable to shareholders of Ecobank and diluted earnings-per-share (EPS) declined 19 percent to $62 million and $0.0025, respectively.
05/01/2019
gh-Link cards are basically ATM Cards, issued by financial institutions to their customers.
04/30/2019
The Group's profit after tax of $322 million is expected to boost the bank's capital as well as improve the accounts for the other countries it operates in.
04/30/2019
Management of the bank attributed this development to lower funding costs and improved interest margins.
04/30/2019
Mr Okonkwo’s statement comes at a time industry players, Access Bank Plc and the now defunct Diamond Bank Plc, just consolidated to form the largest financial institution in Nigeria and Africa by customers.
04/29/2019
According to a memorandum to workers written by StanChart’s head of human resources Audrey Mlambo, which is in our possession, the bank will soon retrench another 20 workers.
04/29/2019
The programme seeks to help finance projects selected from dozens of candidates from throughout Morocco to help them achieve their entrepreneurship dream.
04/26/2019
“Our capital levels remain adequate."
04/25/2019
This shows digital lenders like Okolea have a role to play in deepening financial inclusion in the country.
04/25/2019
The lender said the Property Hub will have physical premises in Nairobi to serve prospective buyers.
04/25/2019
For KCB, whose other takeover offer for Imperial Bank has already been approved, the acquisition of National Bank would mean increased access to public-sector deposits.