11/30/2020
Last year, KCB Group acquired the struggling state-owned National Bank of Kenya (NBK) and took over the good assets of Imperial Bank which was put under receivership by the Central Bank of Kenya on October 13, 2015.
11/30/2020
The total excludes I&M Bank, which is yet to report its third-quarter results, while NCBA’s total for 2020 reflects the merged entity with NIC Bank.
11/29/2020
Centum falls into half-year loss
The performance was a stark contrast from Sh6.79 billion net profit in a similar period last year.ion.
11/27/2020
The new normal for trade structuring in Africa
In Africa, the pandemic has also served as a reality check about food security, health infrastructure and the manufacturing deficit resulting in an excessive dependence on imports for basic necessities.
11/27/2020
A healthy collaboration between Government and Private sector is critical for the creation of a conducive environment in which women can thrive and succeed
11/27/2020
AfDB approves 120 mln USD loan for Tanzania hydropower project
The government of Tanzania will provide the remaining 4.14 million dollars, the statement said.
11/27/2020
FirstRand warns half-year profits could drop by up to 25%
As the impact of the coronavirus crisis continues to hurt its operation.
11/27/2020
While the former group has risen 14% in US dollar terms and outperformed the latter by 19% in the last three months, domestics are still down about 18% year-to-date, he said.
11/27/2020
Techpoint Africa‘s recently-released report lends credence to this, highlighting startups in West Africa that have raised more than $1 million in the last ten years.
11/27/2020
The AfCFTA will not in one dramatic swoop alter existing commercial and economic realities on a vast scale, but its implementation could lead the recovery efforts from the COVID-19 crisis – Solomon Quaynor, VP African Development Bank
11/26/2020
Fidelity offers a comprehensive range of innovative products and services in the retail and corporate space, through a steadily growing network of branches and various digital channels.
11/26/2020
With 37 gainers to 11 losers, all sectoral indices closed positive with the exception of the NSE Oil and Gas Index, which dropped by 0.6 per cent.
11/26/2020
The deal is part of Atlas Mara’s strategy of paring back on its African foray after Diamond misjudged competition in Africa and paid too much for acquisitions
11/25/2020
The financial institution has already expressed its intention to further develop its climate finance activities over the next few years.
11/25/2020
Aradei Capital plans to reorganize its shareholding by the end of this operation.
11/25/2020
Finance Minister Tito Mboweni has attributed the country’s debit crisis to the public sector wage bill and government’s pattern of expenditure
11/25/2020
"The interconnectedness between the financial sector and the sovereign has emerged as a major threat to financial stability in South Africa," the document said.
11/25/2020
140,000 customers have purchased a financial product from the BankOnUs website since its launch two years ago
11/25/2020
These shifts present opportunities for fresh thinking and new strategies around investments.
11/24/2020
The company has 3 million users on its platform across Ghana, Uganda, Kenya, Tanzania, Rwanda, Nigeria and South Africa, and processes an average of 80,000 transactions daily, according to the statement.