09/10/2019
African Development Bank wins prestigious procurement award
The Bank is the first multilateral development bank in the world to receive this recognition
Investment Banking
08/30/2019
Barclays profit edges up 3pc to hit Sh3.9b
We went through a bit of a storm. That is why we are pleased with these results
08/30/2019
Japan and African Development Bank announce $3.5 billion in support of Africa’s private sector development
Both Japan and the Bank have set a target of $1.75 billion each, from 2020-2022, to enhance the fourth phase of EPSA to spur private-sector-led sustainable and inclusive growth in Africa.
08/27/2019
Standard Chartered records 5.3pc net profit in first half
Standard Chartered Bank Kenya has recommended an interim dividend payment of 5 shillings per share.
08/21/2019
Who did better – bank execs or shareholders?
Returns versus executive remuneration over the past decade.
07/18/2019
JP Morgan eyes Africa for growth
“International investors are interested and more open to the African growth story than ever before.”
07/11/2019
Citigroup Disappointed by South Africa Investment as Deals Stall
Bank is now sitting tight after expanding South African unit
07/11/2019
HSBC launches issuer services in the UAE and Egypt
In a statement, HSBC said that the addition of UAE and Egypt to the HSBC network brings the number of countries the business operates to 15.
07/11/2019
Barclays seeks to calm layoff fears
The announcement is likely to offer little relief to its employees as firms routinely face redundancy after mergers, buyouts or divestitures, since the whole point of the process is to achieve efficiency through cost cutting.
07/09/2019
Standard Chartered launches digital banks and social banking solution in Africa
“The growing population of Africa is demanding faster and more convenient banking and it has been very rewarding to witness increased acceptance and growing demand for our digital products across the continent.
07/08/2019
2019 has been 'a pretty good year', says StanChart MENA CEO
Sunil Kaushal says Standard Chartered has seen very strong growth this year
07/08/2019
Kenyan banks weighed down by unprofitable stockbroking firms
NIC Bank bought 55 per cent stake in Solid Investment Securities and renamed it NIC Capital in 2008 and Co-op Bank
07/05/2019
Barclays seeks to sell three closed branches at Sh65m
The bank says its digital channel capabilities were enhanced during the year leading to 70 per cent of transactions being processed outside the branch, up from 65 per cent the previous year
07/04/2019
Botswana, Zambia and Zimbabwe Saw the Apparition of Standard Chartered Digital Banks
The first digital bank of its kind in Botswana and Zambia offers an end-to-end digital account opening experience that was developed following customer feedback to provide an appropriate platform to meet all their banking needs.
07/04/2019
Standard Bank and Citi have highest earnings from investment banking fees
Of the $227m earned by investment banks in the first half of 2019, Standard Bank topped the tables with a 14% market share
07/04/2019
Reserve Bank could sell its stake in African Bank in two years
The Reserve Bank owns 50% of African Bank, the Public Investment Corporation (PIC) owns 25% and a consortium of private banks own the remaining 25%.
06/27/2019
Barclays Ghana to intensify trade finance offering to businesses as it transitions to Absa
Trade Agreement and examined trends in Ghana’s foreign exchange market. It also provided a platform for an interaction among industry players in international trade
06/26/2019
Absa Group emerges the best investment bank in Africa
The parent company of Barclays Bank Ghana, Absa Group Limited has been named the best investment bank in Africa.
06/19/2019
ABSA Named Africa’s Best Investment Bank
“This award recognizes the success of our parent company - Absa Group’s efforts to contribute to the transformation of Africa’s financial sector, as well as deepening the relationships we continue to build with our clients,” said M
06/12/2019
European Investment Bank launches effort to help Kenya’s smallholders
Under the new financing program, agricultural companies across Kenya will be able to access loans with maturities of up to seven years, longer than commonly available in the market.