11/23/2023
StanChart Bank Kenya chief executive Kariuki Ngari said the growth in net interest income was supported by the growth in lending, increased short term investments in money markets and improved margins.
11/22/2023
Over the financial year, the group said that it saw a successful acquisition and integration of Grindrod Bank and Ubank assets, liabilities and operations.
11/20/2023
Managing Director of Jeune Media Group, Amir Ben Yahmed, emphasised UBA’s commitment towards fostering economic growth, financial inclusion, and technological advancement
11/17/2023
Rising interest rates are expected to lift lending margins for banks
11/16/2023
Essentially, these banks ensure the ease of doing business in Africa by making financial transactions easier and enabling businesses to adapt to rapid changes
11/16/2023
According to Zimele CEO Isaac Njuguna, fund managers have been angling to take advantage of the opportunity represented by millions of retail investors who are looking to save and invest through active intermediaries.
11/06/2023
The award recognises TAJBank’s commitment to world-class services, impressive financial performance, and consistent leadership in the nation’s financial inclusion drive over the last three years.
11/03/2023
Absa Life Assurance had argued that the winning bidder failed to include in its workings the stamp duty and policyholders’ compensation fund levy and thus ought to have been disqualified.
11/01/2023
When global inflation skyrocketed in 2021, several Latin American central banks were the first to raise interest rates before the US Fed began tightening.
11/01/2023
Profit after tax also grew by 149 percent from N174.3bn to N434.2bn within the same period.
10/31/2023
Oramah, also emphasised that the achievements represented the beginning of an even greater journey ahead.
10/30/2023
At the same time, our credit risk portfolio remains healthy, with an NPL ratio of 4.6 percent and a coverage of 85.4 percent.
10/26/2023
Political instability and corruption, unemployment, poverty and inequality and load shedding were named as the main structural impediments to improving consumer finances.
10/26/2023
Bronkowski outlines Paystack’s business model; strategy for growth in the SA market
10/20/2023
Reverse repos are a form of securitised borrowing by banks from the regulator, using their holdings of Treasury bills and bonds as collateral.
10/19/2023
Looking over a longer period, retail trade sales decreased by 1.1% in the three months ended August 2023 compared with the three months ended August 2022.
10/19/2023
The collaboration will enhance customer experience and develop commerce across various trading corridors
10/16/2023
New disclosures by the Central Bank of Kenya (CBK) show the deposit insurance scheme run by the Kenya Deposit Insurance Corporation (KDIC) now has a coverage of Sh750 billion
10/13/2023
The report said the top Nigerian bank is Zenith Bank, ranked 12th among the 100 African banks.
10/11/2023
Jonker noted that TymeBank’s customer acquisition rate has continued to accelerate, with more than 200,000 customers signing up every month and a 70% account activity rate on a rolling 30-day basis.