Nigeria’s Access Bank is boosting the performance of its East African subsidiaries. PHOTO | FILE | NATION MEDIA GROUP Nigeria’s largest retail bank, Access Bank Plc, has more than doubled its investment in its Rwandan subsidiary after acquiring Kenya’s Transnational Bank four months ago. Access Bank, with more than 36 million customers across the continent, […]
Stockbrokers on the floor of Rwandan Stock Exchange. South Africa’s low-cost healthcare service provider firm RH Bophelo is set to cross-list on the Rwanda Stock Exchange in June. PHOTO | FILE | NATION MEDIA GROUP South Africa’s low-cost healthcare service provider firm RH Bophelo on Monday cross-listed on the Rwanda Stock Exchange, as it plans […]
African Development Bank president Akinwumi Adesina. PHOTO | FILE | NATION MEDIA GROUP The US is AfDB’s second largest shareholder after Nigeria with a 6.5 per cent stake, giving it significant voting powers. Nigeria is the biggest shareholder with 9.2 per cent and has been at the forefront of pushing for Dr Adesina’s reelection. African […]
President Kenyatta and his Tanzanian counterpart John Pombe Magufuli at State House Nairobi. PHOTO | FILE | NATION MEDIA GROUP The price of Tanzania’s onions imported by Kenyan traders keep shifting. It increased from Sh108 per kilo in February this year to Sh118 in April due to logistical challenges posed by coronavirus testing at the […]
Aircraft operated by Kenya Airways parked at Jomo Kenyatta International Airport in Kenya’s capital Nairobi. PHOTO | FILE | NATION MEDIA GROUP Kenya Airways last year underwent a series of capital and debt restructuring that elevated taxpayers to the biggest shareholders of the financially troubled carrier. IATA also forecasts that global aviation industry will lose […]
Nigeria’s Access Bank is boosting the performance of its East African subsidiaries. PHOTO | FILE | NATION MEDIA GROUP Nigeria’s largest retail bank, Access Bank Plc, has more than doubled its investment in its Rwandan subsidiary after acquiring Kenya’s Transnational Bank four months ago. Access Bank, with more than 36 million customers across the continent, […]
A busy section of the Nairobi central business district. The impact of social distancing, dusk-to-dawn curfew and closure of businesses has impacted on consumer spending, leading to job cuts and unpaid leave for workers as firms race to cut costs. FILE PHOTO | NATION MEDIA GROUP • To limit its spread, Kenya has suspended commercial […]
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 […]
Equity Bank Holdings Ltd recorded a 14 per cent decline in net profit for the three months to March 31, 2020. PHOTO | DENNIS ONSONGO | NATION MEDIA GROUP The Nairobi Securities Exchange-listed lender saw its profit after tax fall to Ksh5.28 billion ($52.8 million) from Ksh6.15 billion ($61.5 million). The management took a conservative […]
Kenya Airways Chairman Michael Joseph. FILE PHOTO | NATION MEDIA GROUP ADVERTISEMENT ADVERTISEMENT The fact that the loss was reported in the year before Covid-19 pandemic grounded the aviation sector promises the airline more painful days ahead. Despite growing its revenues by double digits, the national carrier widened its losses by a staggering 71 percent […]
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