Officials pose for a group photo as Equity Bank launches its online payment gateway in Kigali on March 18, 2022. All Photos by Dan Nsengiyumva Equity Bank Rwanda on Friday, March 18, unveiled its first online payment gateway, as the lender strives to remain the customers’ bank of choice. Powered by VISA, the dynamic platform […]
Author: Curated Content
Equity : Financial Statement as at 31st December 2021
EQUITY GROUP HOLDINGS PLC AUDITED FINANCIAL STATEMENTS AND OTHER DISCLOSURES FOR THE YEAR ENDED 31ST DECEMBER 2021 STATEMENT OF FINANCIAL POSITION AS AT > ASSETS > Cash (both local & foreign) Balances due from Central Bank of Kenya Kenya Government and other securities held for dealing purposes Financial assets at fair value through profit and […]
Stepping Closer: Stanbic Bank Uganda explains Intentions behind #OneStepCloser Campaign
Kampala – Uganda, March 08: A creeping social media hashtag #OneStepCloser that has been gaining popularity in recent weeks can now be firmly linked to Stanbic Bank Uganda, as the lender’s new brand campaign aimed at rallying Ugandans to pursue their dreams and rebuild their businesses after the pandemic. In a statement to the press, […]
Verve Cards enters partnership with KCB Uganda
Damalie Sajjabi(centre) exchanges agreement with KCB’s Michael Ssekyondwa Verve, a pan-African payment scheme owned by the Interswitch Group, and KCB Bank Uganda, have announced a new phase of their partnership which will see KCB Bank, become one and the first commercial bank to accept the Verve Card on its widespread and strategically distributed point of […]
East Africa: Kbc Opens Shop At EAC
STAFF and delegates at the East African Community (EAC) can now easily conduct banking services at the EAC premises, following the launch of a Kenya Commercial Bank (KCB) Tanzania mini-branch, at the Secretariat Headquarters. The move follows the signing of a Memorandum of Understanding (MOU) between the EAC Secretary General, Peter Mathuki and KCB Tanzania […]
Dar bourse braves Ukraine war as investor wealth rises by Sh90 billion in one month
A man stands by the bill board of the Dar es Salaam Stock Exchange (DSE) in Dar es Salaam at a past event. PHOTO | FILE Dar es Salaam. The Dar es Salaam Stock Exchange (DSE) has remained stable during the past one month despite the ongoing war between Russia and Ukraine, which has resulted […]
KCB adds 1,013 staff after purchase of Rwandan lender
A customer is served at the Kenya Commercial Bank (KCB) in Nairobi on January 24, 2018. PHOTO | SIMON MAINA | AFP KCB Group added 1,013 employees to its payroll last year following its acquisition of a controlling 62.06 percent stake in Banque Populaire du Rwanda Plc (BPR). The transaction, which made BPR a subsidiary […]
Kenya Airways forecasts 20% rise in revenue
One of Africa’s biggest airlines, Kenya Airways, narrows losses occasioned by COVID-19 as the carrier expects a 20 per cent rise in revenue in 2022, according to its CEO, Allan Kilavuka. The carrier, in which government has a 48.9 per cent stake, saw revenue go down by half at the height of the pandemic in […]
US firm Seabury kicks off advisory on KQ revival
US-based advisory firm Seabury Consulting has kicked off its advisory brief on the financial restructuring and revival plan for Kenya Airways #ticker:KQ in a contract expected to take six months. The restructuring process aimed at keeping the troubled national airline afloat comes amid a planned government bailout. “They have started work but it’s an ongoing […]
Barriers to region’s air travel growth
Kenya Airways plane. EABC called on the Heads of State Summit to intervene and make air travel in the region affordable by addressing the emerging non-tariff barriers. PHOTO | FILE | NMG Speakers pointed out that despite countries having national carriers, tickets from one capital to another in the region are punitively high, giving room […]