Finally another Rwanda commercial bank- I&M Bank, today listed its shares at Rwanda stock exchange with an opening price of Frw 100 and closed with an increase at a closing price of Frw 105. I&M Bank indicated its intension to join the local bourse in 2016. The bank will become the third on the stock […]
Author: Curated Content
Pesalink app signs up 2 million customers in 60 days
IPSL Chief Executive Officer, Jennifer Theuri says they hope to raise the number of banks using Pesalink in the next few weeks So far, 22 commercial banks are part of the network allowing customers to move money across banks through the app. The banks include; I&M Bank Kenya, CBA, First Community Bank, Paramount Bank, Jamii […]
Europe Investment Bank signs $100m+ facility with Equity and HF for lending to regional SMEs
Equity Bank of Kenya Limited Chief Executive Officer James Mwangi (R) and European Investment Bank Vice-President Pim Van Ballekom (L) in Nairobi on 29/03/2017. Equity Bank has signed Kshs 10.5 Billion financing agreement with European Investment Bank to support regional entrepreneurs. European Investment Bank, the long-term lending institution of the European Union, has extended about […]
Why Kenya remains attractive to investors
Kenya has in recent years topped the list of African countries that are most attractive to foreign investment. But with elections coming later this year and an increasingly unstable global economic outlook, the country’s risk profile has increased. The Business Daily spoke to Citibank’s head of investment banking for Africa, Miguel Azevedo, on the country’s […]
Corruption: Kagina battling bravely, but how sustainable are her heroics?
State structures in African countries are often inhabited by officials who rather line their pockets and please those above them than render a service to the public. In the second and last part of an investigation carried out in Uganda, Ghana and Nigeria, journalists ANAS AREMEYAW ANAS, THEOPHILUS ABBAH and BENON HERBERT OLUKA highlight how […]
Tanzania: DSE slows down for Xmas
The week-on-week turnover at the Dar es Salaam Stock Exchange (DSE) dropped by 67 per cent last week as investors shift their attention to the festive season. The turnover dropped to Sh12.7 billion during the week ending December 18, 2015 compared with Sh38.91 billion that was registered during the week ending December 11, 2015, market […]
Zimbabwe: Willdale returns to profitability on the back of volume increases and better cost management
Cost management initiatives undertaken during the year resulted in a 22 percent decline in average production costs. WILLDALE’s after tax profit for the year ended 30 September 2015 grew by 77% to $214 086 from a loss position of $931 011 in prior year and the group says it is now positioned to sustain profitability […]
Nigeria’s Khomeini, Spreading Iran’s Revolution to Africa
The Nigerian army has been accused of massacring a large number of Shia Muslims in the town of Zaria in Nigeria’s northwestern Kaduna state over the course of three days earlier this month. Shia sources say hundreds, perhaps as many as 1,000, have been killed in fighting, but those numbers could not be confirmed independently. […]
Zimbabwe stock Pelhams suspended from trading on stock exchange ahead of company liquidation
PELHAMS Limited has applied for voluntary suspension in the trading of its shares with immediate effect having failed to meet its debt obligations. According to a statement from the Zimbabwe Stock Exchange (ZSE) the company notified the bourse on 24 November 2015. “Pelhams Limited wishes to advise all Shareholders that the Company has applied for […]
Hundreds march against climate change in South Africa
JOHANNESBURG, South Africa, – Hundreds of activists marched in Johannesburg on Saturday urging their government to reduce its share of carbon emissions, ahead of the UN COP21 climate conference in Paris. “If South Africa, and all other polluting countries, don’t own up to their fair share of climate responsibility, the serious climate impacts being experienced […]