05/14/2019
Top Kenyan banks, namely Equity Group and Kenya Commercial Bank (KCB) Group, after conquering the Kenyan market, and extending to the larger East African Community countries, are now following in the footsteps of their South African and West African peers
05/14/2019
The 20 acre piece of land is currently at the center of dispute between the Kenya Defence forces and the troubled retailer.
05/14/2019
Other are Award for Innovation in Banking, Socially Responsible Bank of the Year, Deal of the Year – Equity, Deal of the Year – Debt and Deal of the Year- Infrastructure.
05/12/2019
Mahomedy replaced Tau Morwe, whose six-month contract was not renewed when it expired early this month. Nedbank is the latest in a long list of private sector companies to be implicated in state capture.
05/09/2019
NIC Bank and Commercial Bank of Africa want to make a statement through their merger deal and so is Co-operative Bank Group.
05/09/2019
As a result of aggressive focus on recoveries, he said the bank’s non-performing loan ratio declined to 8.1 per cent in December 2018 from 20.8 per cent as at December 2017.
05/09/2019
The bank said a total of 12 UBA Platinum Mastercard holders from Nigeria and 11 other African countries
05/09/2019
Access Bank to pay off $200 million bond issued by Diamond on maturity
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.