Uganda Securities Exchange (XUGA)
Covid-19 seems to have radically changed the fortunes of Europe’s banks. Two years after the pandemic’s arrival brought fears of a banking apocalypse, lenders in Europe are posting bumper profits. They are overflowing with capital and their share prices are soaring. There’s even new hope of an end to the negative interest-rate policies that have […]
East African Breweries is cautiously optimistic about the prospects for its second half, its chief executive said, adding the threat posed by the COVID-19 pandemic was not over. The firm, which is controlled by Britain’s Diageo, posted a 23% jump in sales during its first half to the end of December, as Kenya and Uganda […]
Standard Chartered Bank. Standard Chartered Bank Tanzania, NBC and Exim Bank posted net profits of $15.97 million, $17.33 million and $11.74 million respectively. PHOTO | REUTERS However, only NMB and CRDB’s ratios of non-interest expenses to gross income fell below the Bank of Tanzania’s maximum threshold of 55 percent. CRDB’s cost-to-income ratio dropped to 48.6 […]
Ratings agency Moody’s says small Kenyan banks suffering losses or facing insolvency are likely to become targets of acquisitions by their larger rivals over the next one-and-a-half years. The ratings firm says local lenders are witnessing a wide divergence in profitability, with 14 of the institutions in the smaller peer group reporting losses or negligible […]
DUBLIN–( BUSINESS WIRE )–The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and community-based financial services associations. […]
Businesses appear to have acclimatised to the disruptions of Covid-19, despite the ravaging impact of the pandemic on economies across the globe. The level of the pandemic’s threat on businesses is significantly less compared to the previous year, according to a report by global financial services company Allianz. While Kenya and the rest of the […]
Nairobi — The digital shift brought about by the COVID-19 pandemic has continued to drive alcohol sales for EABL, playing a major role in the firm’s earnings in the first half of the year. The stay at home directives and curfews put in place at the onset of the pandemic to curb the spread of […]
Zamara Group Group Chief Executive Officer Sundeep Raichura speaks at Panafric Hotel in Nairobi on October 18, 2018, during the Kenya Pension Fund Investment Consortium. PHOTO | SALATON NJAU | NMG Pension fund returns rose by five percentage points in 2021 on improved performance of equities and offshore investments, signalling higher interest earnings for savers. […]
Ronald Kasasa, dfcu Bank Head of Business Banking dfcu Bank has been at the forefront of transforming businesses in Uganda by providing affordable and flexible financing solutions. The Small Business Recovery Fund supports small businesses that have been affected by the Covid- 19 pandemic. We spoke to Ronald Kasasa , dfcu Head of Business Banking […]
The Kenya Mortgage Refinance Company (KMRC) will repay the principal on its Sh1.4 billion corporate bond each year in a rare strategy that will reduce interest earnings for investors while fast-tracking the redemption of the debt. It will also lower the investment risk of the debt –which is unsecured and not guaranteed— unlike most corporate […]
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