An electronic board displaying market data. The investor relations department’s role revolves around how a company communicates with investors, shareholders, government authorities, and the financial community. PHOTO | FILE | NMG Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that […]
Equity Group #ticker:EQTY businesses outside Kenya have widened the profit gap against top rival KCB Group #ticker:KCB, underlining the impact of acquiring a second bank in DRC Congo last year. The lender’s pretax profit from its five subsidiaries in South Sudan, Tanzania, Rwanda, Uganda and DRC Congo rose 145 percent to Sh4.9 billion in half […]
KCB Group has announced that it has acquired Rwandan bank, Banque Populaire du Rwanda Plc (BPR), from Atlas Mara Mauritius Limited and Arise B.V. The acquisition was completed by the Kenyan banking group after receiving regulatory approvals in Kenya and Rwanda. This makes KCB Group the majority shareholder in BPR, Rwanda’s second biggest bank, with […]
Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that only 12 firms out of the 66 listed operate the department. These are Equity Bank, Stanbic Bank, Co-operative Bank, Safaricom, Centum, KCB, Kenya Airways, Kenya Electricity Generating Company (Kengen), Britam Holdings […]
An electronic board displaying market data. The investor relations department’s role revolves around how a company communicates with investors, shareholders, government authorities, and the financial community. PHOTO | FILE | NMG Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that […]
![Africa Tomorrow – Is M-Pesa Synonymous With Kenyan Fintech? [Video]](https://moneyinafrica.com/wp-content/uploads/2021/09/africa-tomorrow-kenya-fintech-thumbnail-230x130.png)
When M-Pesa was launched in 2007 within a year it became widely popular. By 2010, the company had a near monopoly on the market. Even today despite the launch of rivals like Equitel, Airtel Money, Orange Money, Tangaza Pesa and MobiKash – M-Pesa still has 70% of Kenya’s 68 million mobile money accounts. And in […]
KCB Group CEO Joshua Oigara. PHOTO | FILE National Bank of Kenya (NBK) plans to recover Sh5 billion tied in bad loans by end of the year and eliminate the need for fresh capital injection from its parent firm. KCB Group , which wholly owns NBK, says the loan recoveries—in form of asset sales such […]
NCBA #ticker:NCBA, Stanbic #ticker:SBIC and Co-op Bank #ticker:COOP have won a lucrative contract to keep more than Sh31.2 billion in annual pension contributions by public servants following the rollout of the fund on January 1 this year. The Treasury picked the three banks as custodians of the billions of shillings collected from more than 350,000 […]
A market in Kinshasa. DR Congo, with a population of about 85 million people, has attracted the attention of many regional banks. PHOTO | AFP KCB Group kicked off a plan to enter the Democratic Republic of Congo through the acquisition of an existing lender in the next four months. This is part of the […]
A market in Kinshasa. DR Congo, with a population of about 85 million people, has attracted the attention of many regional banks. PHOTO | AFP KCB Group kicked off a plan to enter the Democratic Republic of Congo through the acquisition of an existing lender in the next four months. This is part of the […]
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