KBA chief executive Habil Olaka /FILE The Credit Reference Bureau (CRB) listing freeze on new loan defaulters of sums below Sh5 million could hinder the implementation of risk-based lending, bankers have said. The Kenya Bankers Association (KBA) chief executive Habil Olaka said this in a commentary supporting the new credit pricing model favoured by industry […]
Officials of companies under probe over claims of money laundering involving more than Sh25 billion say their transactions are clean and above board. The officials based in Nairobi honoured summonses to the Assets Recovery Agency and explained how they operate. They insisted their businesses are out to help Nigerians abroad send money home. Officials aware […]
Mary MM/Shutterstock.com For over 16 years African Business has been running an annual ranking of Africa’s 250 Top Companies, taking the top listed companies from national and regional stock exchanges across Africa. In this article we focus on the top 20 companies from East Africa in 2021. East Africa is seen as as a trailblazer […]
Laboremus Uganda, the B2B fintech that enables onboarding at scale, has received a funding boost from DOB Equity and FCA Investments to grow the company’s fintech platform in Uganda and neighboring markets. Laboremus’ platform helps banks and fintechs verify their customers’ identities and onboard them as customers. This alleviates one of the key bottlenecks in […]
Safaricom #ticker:SCOM took the top spot of the best 25 companies to work for in Kenya in the just-released LinkedIn 2022 Top Companies Ranking. Linkedin unveiled its 2022 top companies list that ranks the 25 best workplaces for professionals to grow their careers. The 25 companies were ranked using Linkedin company data and ratings based […]
Dr Michael Atingi-Ego, the BoU Deputy Governor The World Savings and Retail Banking Institute (WSBI) through its financial inclusion programme, Scale2Save, is holding a 2-day conference on 27 – 28 th April 2022, at the Kampala Serena Hotel. The conference will discuss the importance of inclusive financial services for Ugandan women, youths and farmers as […]
Kenyan President Mwai Kibaki presents a certificate to Equity Bank Chief Executive Officer James Mwangi during the KRA Taxpayers awards ceremony in Nairobi on October 22, 2012. PHOTO | FILE | NMG Companies and private sector businesses described the Makerere University-trained economist as the ‘father’ of modern Kenya who laid the foundation for macroeconomic stability […]
Executives display copies of signed MoUs. | THE INDEPENDENT | Equity Bank Uganda and the Uganda National Oil Company on April.13 signed a Memorandum of Understanding to facilitate and strengthen collaboration between the two entities in the areas of financing and enterprise development specifically for medium and small enterprises. The areas covered in the MoU […]
Wichita-based Equity Bancshares, the holding company of Equity Bank, reported earnings this week that topped analyst estimates while saying it is having "active conversations" with multiple companies about potential partnerships. The company reported first-quarter 2022 earnings of $0.93 per share, beating consensus estimates of $0.63 per share. Equity’s $15.7 million in net income for the […]
The country is staring at a shortage of basic commodities in the market which is likely to worsen the high cost of living on a low dollar supply in the market. The inadequacy of the greenback in the market has seen commercial banks cap the amount a single person can buy at Sh100,000, with some […]
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