East Africa’s top retail banks are cashing in on interest income on government securities and readjustment of loan loss provisions to crawl back to profitability in the midst of the third wave of Covid-19 pandemic that is impacting banking transactions and loan books. A review of the unaudited financial statements for KCB, Equity Bank, Cooperative […]
Equity Bank Rwanda has launched EazzyFX, an electronic platform for settling foreign exchange transactions. The platform, powered by Thomson Reuters’s Refinitiv, will allow clients to convert currencies without having to physically visit the Bank’s premises or foreign exchange agents. The move is seen as part of the Bank’s efforts to diversify its income stream, and […]
East Africa’s top retail banks are cashing in on interest income on government securities and readjustment of loan loss provisions to crawl back to profitability in the midst of the third wave of Covid-19 pandemic that is impacting banking transactions and loan books. A review of the unaudited financial statements for KCB, Equity Bank, Cooperative […]
Equity Bank Rwanda has opened a new retail branch in Kimironko sector of Gasabo District bringing the Bank’s nationwide footprint to 15 branches. According to Hannington Namara, the Managing Director of Equity Bank Rwanda, the move is in line with sustained efforts to increase access to banking services to customers in Kigali and its surrounding […]
Britam Holdings group managing director Tavaziva Madzinga. PHOTO | DIANA NGILA | NMG Insurance group Britam has sold an additional 20.1 million shares of Equity Group with a market value of Sh852 million, cutting its ownership in the country’s most profitable lender to a new low of 6.77 per cent in the year ended December. […]
Nairobi Securities Exchange CEO Geoffrey Odundo. PHOTO | NMG BAT Kenya , East Africa Breweries Limited (EABL) and Safaricom led five stocks whose increase in investor wealth at the Nairobi Securities Exchange (NSE) since the start of the year surpassed the remaining 50 companies. The five stocks recorded a combined gain of Sh334 billion since […]
After it was announced in Addis Ababa on the weekend that the consortium with Kenya’s giant mobile phone and money operator Safaricom had won the second licence to operate in the massive Ethiopian market, its stock price on the Nairobi Securities Exchange would go crazy on the first day of trading after the news. Its […]
Safaricom’s foray in Ethiopia marks a good run for the big Kenyan companies during the Covid-19 pandemic. PHOTO | FILE | NMG Equity, KCB, and Safaricom (especially given word in the Nairobi corporate grapevine that Safaricom is eyeing a Sudan entry), and a few other big companies in the region, are dramatically expanding the outside […]
Kenya’s biggest bank, Equity Group Holdings Plc has posted strong quarter one results showing a 54 per cent growth in total assets and 64 per cent in profit after tax. The Group registered a balance sheet expansion of 54 per cent to reach Kshs 1.07 trillion driven by a 58 per cent growth in customer […]
Kenya’s biggest bank, Equity Group Holdings Plc has posted strong quarter one results showing a 54 per cent growth in total assets and 64 per cent in profit after tax. The Group registered a balance sheet expansion of 54 per cent to reach Kshs 1.07 trillion driven by a 58 per cent growth in customer […]
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