01/31/2019

Mauritian top lender sees gold mine in Kenya deals

Companies from the island nation have adopted an aggressive expansionist stance in Kenya’s financial sector over the last few years, collectively injecting more than Sh10 billion into the economy through acquisitions and investment in Kenyan firms.

01/31/2019

Absa index paints mixed picture for capital markets

The Absa Africa Financial Markets Index was launched last year by Absa Group Ltd of South Africa, a large banking institution that recently acquired most of Barclays Bank Plc Africa’s operations.

01/30/2019

Nigeria: Sterling Bank Partners Opportunity Network On Trade

Speaking during the unveiling of the partnership in Lagos on Monday, Managing Director, Sterling Bank Plc, Mr. Abubakar Suleiman, said the collaboration would enhance international trade and would allow for interaction of trusted partners.

01/25/2019

Africa: Access bites big and fast with Diamond

The merger, if approved by shareholders and regulators, would create Africa’s largest bank by customers – 29 million – and Nigeria’s largest bank by assets, ahead of long-term leader Zenith Bank.

01/18/2019

RMB Forecasts Sluggish Loan Growth

The aggregate loan book of Nigeria’s banking system is concentrated in two key sectors – services (37%) and oil and gas (23%), together accounting for 60 per cent of the sector’s loan book, though varying across banks, the report stated.