Kenya has been working since 2014 to establish the Nairobi International Financial Centre (NIFC), aiming to become a gateway for capital flowing in and out of Africa and to compete with Mauritius, Morocco and South Africa. PHOTO | FILE | NMG Efforts to establish the centre have met several hurdles over the years, delaying its […]
Kenya has been working since 2014 to establish the Nairobi International Financial Centre (NIFC), aiming to become a gateway for capital flowing in and out of Africa and to compete with Mauritius, Morocco and South Africa. PHOTO | FILE | NMG Efforts to establish the centre have met several hurdles over the years, delaying its […]
Unveiling the new platform in Dar es Salaam on Friday, Equity Bank Tanzania Managing Director Robert Kiboti said the new product provides a reliable financial link between local clients with the rest of the bank’s network through One Equity Inter-Country services at minimal cost. "The primary purpose of the product is to provide solutions for […]
A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG The share of traded turnover attributed to foreign investors at the Nairobi Securities Exchange (NSE) fell to a three-year low in June, reflecting growing confidence in the market among local investors. Data from the Capital markets Authority (CMA) shows that foreign investors […]
The COVID-19 pandemic has helped to drive the migration of consumers from the traditional transactions to the digital space. The Kenya Bankers Association’s (KBA) Customer Satisfaction Survey of 2020 indicates bank customers’ preferences for digital services stood at 43%. This massive shift has necessitated banks to enlighten the public on online safety through the Kaa […]
Many clients who got moratoriums from banks last year had resumed their loan servicing, but the current lockdowns could puncture their recovery. For example, 80 percent of BPR Atlas Mara’s customers who were given moratoriums have started paying, but the prevailing circumstances are putting all businesses on shaky grounds. Most of the banks are decrying […]
Dar es Salaam — Equity Bank Tanzania yesterday introduced in the market two new remittance services in an effort to boost inter-country and regional remittance transactions. The platforms are: Equity Bank Interbank transfers and Sadc Integrated Regional Electronic Settlement System (Siress) Services. The former allows real-time transactions for Equity Bank customers in any Equity Bank […]
A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG The share of traded turnover attributed to foreign investors at the Nairobi Securities Exchange (NSE) fell to a three-year low in June, reflecting growing confidence in the market among local investors. Data from the Capital markets Authority (CMA) shows that foreign investors […]
Investors’ wealth at the Nairobi Securities Exchange (NSE) yesterday hit a 39-month high, adding them Sh101.6 billion in the last one month on the back of a rally of Safaricom and Equity Bank stocks. NSE data shows the market recorded the third straight day of gaining to close yesterday valued at Sh2.785 trillion. Market capitalisation […]
Annualized organic non-PPP loan growth contributes to $1.03 per diluted share, Company will acquire three Security Bank of KC branch locations in St. Joseph, Missouri WICHITA, Kan., July 19, 2021 (GLOBE NEWSWIRE) — Equity Bancshares, Inc. (NASDAQ: EQBK), (“Equity”, “the Company”, “we”, “us”, “our”), the Wichita-based holding company of Equity Bank, reported net income of […]
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