Rwanda Capital Market Authority (CMA) has approved the first South African healthcare company, RH Bophelo Limited to be cross-listed on the Rwanda Stock Exchange (RSE). RH Bophelo entry on the local bourse makes it the 9th company to be listed on the RSE stock market but also comes at a time when another South African […]
Tag: XNAI_EQTY
Cimerwa to List On Stock Market, as Shareholders threaten to Pull Out
Rwanda’s cement factory Cimerwa PPC has said that it is currently in the process of listing its shares on the Rwanda Stock Exchange (RSE). According to the newly appointed CEO of Cimerwa, Albert Kipkemoi Sigei, the company is under a process of being listed on the local bourse. Without revealing details, Sigei said; “Yes it […]
Equity Bank spooks investors with Sh9.4 billion dividend recall
Equity is seeking to conserve cash due to the Covid-19 outbreak. FILE PHOTO | NMG Equity Bank’s #ticker:EQTY share has wobbled from Tuesday after the lender informed investors of a surprise withdrawal of dividend, before recovering some of the losses in the last two days as buyers returned to look for a friendly entry price. […]
KCB beats Equity with Sh115bn loan reviews
NAIROBI, Kenya, May 22 – Kenyan’s biggest bank by assets Kenya Commercial Bank (KCB) has restructured loans worth over Sh115.1 billion, to beat Equity Bank, which has reviewed Sh92 billion since the coronavirus pandemic swept into the country and destabilized businesses and lives of ordinary Kenyans. In a statement, the bank says the debt-relief measures, […]
Kenya Commercial Bank Sacks 13 Employees Over Fraud
The Kenya Commercial Bank has cracked a whip on 13 of its staff members who were accused of fraud in 2019 as lender tightens grip on staff conduct. KCB said the number of staff fired in 2019 was slightly high than those fired in 2018 where 10 staff members were sent packing over fraud accusations. […]
Banks withdraw 2019 dividend amid uncertainty
Equity Bank Group Managing Director and CEO James Mwangi at a past investors function . [File, Standard] Business Surge in bad loans forces Equity, StanChart and NCBA to hold onto shareholders’ cash Three top-tier banks have recalled their dividend to shareholders as the Covid-19 pandemic continues to roil the financial markets. Standard Chartered Bank is […]
Kenyan brands among the most admired in Africa
Business The latest Brand Africa ranking also shows Kenya’s Equity Bank, KCB, Tusker and M-Pesa featuring in top spots Olympic Champion Eliud Kipchoge’s official sports partner Nike is the most admired brand in Africa. Other global brands Adidas, Samsung, Coca Cola, Techno, Apple, MTN, Puma, Gucci and Airtel dominated in that order in a list […]
Equity withdraws Sh9.5b planned to pay shareholders
Dr. James Mwangi, the Group CEO. Money & Careers Equity Group has made a U-turn on the Sh9.5 billion it planned to pay shareholders for the 2019 dividends. Equity Group has made a U-turn on the Sh9.5 billion it planned to pay shareholders for the 2019 dividends. In a statement, the lender said the decision […]
Elana Rubin drops her ME board seat as she takes the chair at Afterpay
Afterpay has formally appointed Elana Rubin as its chairman, a role she has filled on an interim basis since last year when the company founders announced they would surrender control of the buy now, pay later provider’s board. Ms Rubin also announced that she would step down from the board of Members Equity Bank which […]
Equity Bank launches system to drive trade finance
Equity has invested in a new trade finance system that is aimed at improving turn-around time and boosting supply chain financing. At its trial phase, the system has seen a recorded increase in earnings through non funded income business revenue as well as registering growth in contingent liabilities for the past one year. It is […]