04/02/2019

Merger: Access Bank lists additional 6.6 billion shares

The shares of 6,617,253,991 ordinary shares of 50 kobo each of Access Bank were listed on April 1, while the entire 23,160,388,968 ordinary shares of Diamond Bank were delisted from the daily official list of the Exchange.

03/29/2019

S&P Affirms Access Bank’s Ratings

According to S&P, the affirmation of its ‘B/B’ ratings on Access Bank was based on its view that short-term acquisition risks were likely to be offset by the bank’s track record and orderly approach to mergers and acquisitions.

03/28/2019

Bank of Africa in 156pc net profit growth

While the bank recorded increased earnings, its interest income went down by 17.8 percent to Sh3.38 billion compared to Sh4 billion during a similar period in the previous year.

03/25/2019

No buyer yet for Postbank block

The average value of land in Muthaiga has gone up by Sh9.2 million, or 6.6 percent, from Sh139.3 million per acre when it first sought buyers for the property in December 2017.

03/21/2019

KCB eyes Somalia, DRC presence in expansion

Ethiopian laws bar licensing of foreign banks to operate fully-fledged services, but rapid reforms being laid out by the country’s PM have raised hopes that lenders will be allowed to set up branches there.