05/30/2017
Moody’s pointed out that the banks are facing these risks, despite solid capital buffers, stable funding and an economic recovery expected in the country.
05/29/2017
The special challenge fund co-finances up to US$ 100,000 for micro-insurance schemes that will cover not less than 200,000 policyholders.
05/25/2017
Equity follows another Kenyan bank, KCB Group, which earlier this month said it was temporarily closing some branches because of the tough operating environment and economic conditions.
05/24/2017
Financial statements for Standard Chartered Bank for the quarter up to March 30, 2017 show that interest income reduced by Sh68.9 million, while interest expenses went up by Sh180 million.
05/24/2017
The North African country long rejected Islamic banking because of concern about Islamist movements, but its financial markets lack liquidity and foreign investors, and Islamic finance could attract both of those.
05/23/2017
In his view partnering to develop Africa today is like building the future market of the continent, such as benefiting from its peoples’ consumer spending that is estimated to reach $1.4 trillion in the coming three years.