08/28/2019
Africa’s biggest bank by assets has invested $4 million in Nomanini, which connects informal merchants with distributors via an e-wallet, and aims to roll the service out across 14 African countries by early 2021.
08/28/2019
“The government will reach a point where it is able to manage its fiscal deficit and won’t significantly rely on borrowed funds,” said KBA Chief Executive Officer Habil Olaka.
08/27/2019
The consultant will provide numbers and money value of all eligible accounts for planning purposes,” Mr Oltetia told the Business Daily by phone.
08/23/2019
In its results, Absa attributes some of its successes to digital technologies, as it tries to reinvent itself after separating from its parent Barclays in 2017.
08/23/2019
The bank’s volume of gross non-performing loans rose by 6.83 percent, which is the equivalent of Sh778.1 million to Sh12.16 billion during the period under review, from the Sh11.39 billion it reported last year.
08/23/2019
The strong growth in non-funded income helped to grow the top line despite the sluggish growth in total interest income.
08/23/2019
However, the liability was concealed as a suspense account in the books of Global Access Savings and Loans Limited
08/23/2019
Financial inclusion is something we want to champion and drive.
08/23/2019
The strong growth in non-funded income helped to grow the top line despite the sluggish growth in total interest income.
08/22/2019
Retailers have provided for bad debt, BofAML analysts say
08/22/2019
Quite instructive is the fact that almost every aspect of the Bank’s functions has received some acknowledgment for its excellent service delivery.
08/22/2019
The bank also reported a decrease in its liabilities from N5.14tn to N5.08tn in the first half of the year
08/22/2019
While interest income from loans fell from Sh2.2 billion to Sh1.9 billion, interest from government paper rose from Sh1.4 billion to Sh2.2 billion.
08/22/2019
NIC Group managing director John Gachora said the merger with CBA was on course with significant progress having been made in securing the requisite approvals from various regulatory bodies in the markets they operate in.
08/21/2019
Interest income grew 1.9 percent to Sh3.29 billion while non-interest income was up 4.5 percent to Sh1.3 billion helping the bank to post a strong performance in the half-year ending June 2019.
08/21/2019
Guaranty Trust Bank, or GTB, already has operations in Kenya, Uganda, Tanzania and Rwanda, and will also consider ways of expanding existing businesses, he said.
08/20/2019
Uncertainty around Brexit and the trade war weighs on Africa’s growth prospects.
08/20/2019
The continent offers many investment opportunities that are yet to be exploited.
08/20/2019
DTB has proposed not to pay interim dividends as earnings from loans declined from Sh11 billon to Sh9.9 billion after it cut back lending to Sh190.7 billion from Sh198.2 billion in the first half of last year.
08/20/2019
Nedbank Zimbabwe Limited posted a profit after tax of $14,3 million for the six months to June 30, 2019 amid economic difficulties being experienced in the country.