Sopotnicki/Shutterstock.com Although regional economies have been hard hit, Kenya and other countries have seen the benefits of accommodative monetary policies as part of the emergency response by policy-makers and central banks. Recovery is expected during 2021, with Kenya bouncing back fastest, although held back by ongoing precautionary restrictions. The pandemic has also advanced digitisation . […]
In the middle of the coronavirus scourge, and at a time when businesses and households are still pandemic-scorched, Kenyan banks doubled their net earnings year-on-year to Sh50 billion during the second quarter of 2021. However, upon review, these ‘strong’ earnings were primarily driven by reduction in loan impairment charges (as bad loan impairment charges were […]
Foreign investors made net sales on the Safaricom #ticker:SCOM and EABL #ticker:EABL stocks at the Nairobi Securities Exchange (NSE) last week, pulling down the share prices of these stocks as well as the bourse’s market capitalisation. The net outflows on the foreign desk — which accounted for 45.5 percent of total market turnover — stood […]
Kigali, 30 th August 2021: Equity Bank Rwanda Plc has announced the appointment of Col (Rtd). Eugene Haguma as the Non – Executive Chairman to its Board taking over from Mrs. Evelyn Rutagwenda. Mrs Rutagwenda retired through rotation having served on the board for nine years, four of which she served as Chairperson. She will […]
Investors on the Nairobi Securities Exchange (NSE) Wednesday lost about Sh54 billion in paper wealth, the biggest single-day decline in four months, hit by a slump in the share price of market driver Safaricom . Data showed that the NSE’s market capitalisation fell by Sh53.8 billion to stand at Sh2.776 trillion Wednesday the largest margin […]
A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG Foreign investors at the Nairobi Securities Exchange (NSE) recorded net inflows of Sh242.3 million last week, reversing the previous week’s net outflows of Sh208.5 million as they bulked up on Safaricom and large banks’ shares. Their buying activity, combined with higher participation […]
Equity Group’s Chief Executive Officer James Mwangi Equity Bank’s parent company, Equity Group Holdings Ltd (EGHL) has won an Sh800m tax dispute against Kenya Revenue Authority. KRA was demanding the money as capital gains tax from asset transfers by the lender in 2014. However, commercial Court judge John Mativo allowed Equity’s appeal after finding that […]
Equity Group Director Treasury & Trade Finance, James Mutuku (2nd L) & Equity Bank Uganda MD, Samuel Kirubi (2nd R) go through the EazzyFx platform during the launch event. Looking on is Equity Uganda Head of Treasury, Simon Muyobo (L) & Equity Uganda Executive Director Commercial, Micheal Seguya (R). #ForexMadeEasy Kampala, Uganda | THE INDEPENDENT […]
Equity Group’s Chief Executive Officer James Mwangi Equity Bank’s parent company, Equity Group Holdings Ltd (EGHL) has won an Sh800m tax dispute against Kenya Revenue Authority. KRA was demanding the money as capital gains tax from asset transfers by the lender in 2014. However, commercial Court judge John Mativo allowed Equity’s appeal after finding that […]
WICHITA, Kan., Sept. 20, 2021 (GLOBE NEWSWIRE) — The Equity Bancshares, Inc. (NASDAQ: EQBK) Board of Directors (“Board”) announced it has initiated a quarterly cash dividend to its stockholders. The quarterly dividend of $0.08 per common share of Equity Bancshares, Inc. (“Equity” or “Company”) Class A stock is payable on October 14, 2021 to stockholders […]
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