08/13/2020
It will deploy products and instruments such as credit guarantee funds, refinancing of Participating Financial Institutions (PFIs) loans, term loans, business development services, and factoring, among others.”
08/13/2020
"QE will become appropriate when interest rates are the zero lower bound and there is deflation risk."
08/13/2020
Net profit closed at Sh7.6 billion
08/13/2020
The transaction would have seen Equity acquire a 62 per cent stake in Banque Populaire du Rwanda (BPR) and all of Atlas Mara’s subsidiaries in Zambia, Tanzania and Mozambique (BancABC).
08/12/2020
We have been fortunate to have had the opportunity to acquire two of the most solid banks in the market.
08/12/2020
According to the report “Interestingly, the government does not expect to return within the 5% budget deficit threshold, until 2024. This suggests that the fiscal consolidation path, post the pandemic, could take much longer than expected.”
08/11/2020
Digital lenders have been accused of increasing de
08/10/2020
Under the terms of the agreement, ABZ will acquire the entire issued ordinary share capital, assets and liabilities of Cavmont Bank while Capricorn Group Limited, the ultimate majority shareholder of CCHZ, will invest at least $16.5 million of preference
08/09/2020
Four months after the country gained independence from the British, the BoG opened its doors to the public after it was established under the Bank of Ghana Ordinance No. 34, 1957.
08/09/2020
One of the positive performances in the bank’s operation in the fiscal year is its customer growth.
08/07/2020
totaling $93.8m to Access Bank, a Nigerian multinational commercial bank, owned by Access Bank Group.
08/07/2020
The transaction is expected to be completed during October 2020, subject to regulatory approvals from relevant authorities.
08/07/2020
With Xpress Cash, customers can send money to their loved ones who are not even banked.
08/07/2020
Having played an essential part in financial transactions for several years now, Orange Money and digital services became even more important and more rapidly adopted by users during the health crisis. With this in mind, Orange believes that mobile bankin
08/07/2020
"This transaction...will (enhance)... the resilience of the Kenyan banking sector," the central bank said in a statement.
08/07/2020
It further concluded that “it has considered the President’s submissions on their face and finds them consistent with his innocence and to be persuasive”.
08/06/2020
Access Bank will continue to educate customers on how to avoid falling victims as well as deploy resources to ensure the security of customers funds.” Etuokwu said
08/06/2020
It brings together seasoned business leaders and banking experts to deliberate on how financial institutions can successfully navigate the COVID crisis, support businesses, revitalise and revive the economy, and ultimately spur economic growth.
08/06/2020
With the UMB Visa contactless cards, customers can make faster and secure payments on any contactless-enabled POS device or terminal worldwide.
08/06/2020
A volatile environment has also seen banks refuse to lend to the private sector, with most of them parking their excess liquidity in government securities at low-interest rates.