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Banking
Equity Group’s Pan-African expansion helps drive the lender lion’s share of assets and half of banking profits, as non-funded income reaches record levels in…
Absa Bank Kenya’s earnings decline mark the first half-year profit…
WSA Banking Index ETF approved to list on the Nairobi…
Savings and Credit Co-operative Societies (SACCOS) have embraced the new cybersecurity course launched by the…
KCB Group has reported a 54.6 per cent rise in net profit for the quarter…
ABSA Bank Kenya has a posted a 22 per cent rise in its profit after…
Kenya Commercial Bank (KCB) Group has committed to building on the successes of Joshua Oigara…
The president announced in a May 7 televised speech that banks had been banned from lending in a bid to stem the precipitous decline of the local currency inter alia increasing capital holding tax, banning third party transactions on the local bourse, and increasing Intermediated Money Transfer Tax (IMTT).
The move came as the local currency had been depreciated against the United States dollar. This is amid high demand for the greenback which is seen as a store of value.
An executive at an agro-processing firm, name with-held, told NewZimbabwe that his company can’t borrow what it needs to pay 500 farmers for the soy and sugar beans. It contracted them to grow, or fund the purchase of inputs such as fertilizer for the next season’s crop.
A Pan-African crypto exchange dubbed Mara has been launched today and announced $23 million in…
