08/18/2020
Raghunath Mandava (pictured), CEO, Airtel Africa, said: “Our relationship with Standard Chartered boosts financial inclusion across the continent, giving millions of people access to valuable banking services.
08/18/2020
Cheques are one of the oldest recognised payment instruments globally, including in Africa, and were historically widely used.
08/17/2020
Total Assets of the industry has continued to rise, standing at N47.82 trillion as at end-June 20
08/17/2020
This year’s Annual General Meeting, (AGM) which was held virtually, highlighted strong growth in revenues and profits, strengthening the Bank’s balance sheet as well as a dividend pay-out.
08/17/2020
The Global Business Outlook awards aim to recognize and reward excellence in business to companies all over the globe, both in the public and private sectors.
08/14/2020
The rise was in appreciation of the tough economic environment facing borrowers.
08/14/2020
The stock of NPLs increased to Ksh83.9 billion ($839 million) from Ksh 39.1 billion ($391 million) during the period under review.
08/14/2020
The Group's normalised headline earnings per share (HEPS) for 1H20 is expected to be between 80% and 85% lower than the 977.5 cents for the six months ended 30 June 2019
08/14/2020
The Bank’s operating expenses were well controlled within inflationary levels with a resultant reduction in cost-to-income ratio from 51.5per cent in 2018 to 45.8 percent in 2019.
08/14/2020
The loan loss ate into the lender’s first half profitability that dipped marginally by 300 million shillings or 3.6 percent to 7.2 billion shillings.
08/13/2020
This was in response to the gross non-performing loans more than doubling to Sh83.8 billion from Sh39.1 billion.
08/13/2020
Standard Chartered Bank ‘has no connection whatsoever with the Sapelle’
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