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
06/04/2020
The US is AfDB’s second largest shareholder after Nigeria with a 6.5 per cent stake
06/04/2020
The key piece of information the industry has been waiting for, the start date for the phasing in of the requirements to post IM and VM
06/03/2020
The replenishment represented a 35% increase in financing for low-income African countries at the end of the fifteenth replenishment of the African Development Fund, the concessional window of the Bank Group.
06/03/2020
As a result of the payments, commercial banks were able to retain an excess of Sh35.2 billion at the CBK vaults relative to the minimum of 4.25 percent of their total deposits as required by the authority.
06/03/2020
The only worry is that no one on the political left will admit that the state has a poor record in managing anything that involves a lot of money.