Co-operative bank managing director Gideon Muriuki during the release of the Bank Q3 financial report in Nairobi. The post-Covid-19 economic recovery led to high credit demand pushing up Cooperative Bank Group’s net earnings for the year ended December 31, 2021, by 52.7 per cent. The bank’s financial results released Thursday shows it reported a profit […]
Tag: XUGA_EBL
Naivas opens new branch in Syokimau
Naivas Supermarket has opened a new branch in Syokimau as it continues with its national expansion. The outlet, called Naivas-Katani, opens its doors on Friday targeting thousands of shoppers in the region that has attracted a significant number of middle-class residents. This is the retailer’s third store along Mombasa road and the 82nd branch countrywide. […]
Uganda: Equity Bank, Bunyoro Kitara Kingdom Strengthen Ties
Equity Bank Uganda and the Bunyoro Kitara Kingdom have signed a Memorandum of Understanding, to facilitate and strengthen collaboration between the two entities in the areas of enterprise development and financial inclusion, energy, and environment, food and agriculture, education, health, and oil and gas. The signing ceremony took place at the kingdom headquarters in Hoima. […]
Kenya’s ‘financial imperialism’ and curious lights from Kigali
A KCB banking hall in Rwanda. Many Kenyans may not have heard of Gisenyi, the Rwandan town on the DR Congo border. The one across in DRC is Goma — now everybody has heard of it, if only for its volcano eruptions. The border point between the two countries, on the Rwandan side, is called […]
Central Bank of Kenya is now allowing lenders to increase cost of loans for some borrowers
Governor Patrick Njoroge of the Central Bank of Kenya The CBK’s approvals are coming after many lenders petitioned the IMF to intervene. With these approvals, lenders will now increase cost of loans for some high risk borrowers. A borrower is considered "high risk" when a lender considers them most likely to default on a loan. […]
Equity unveils Sh684bn war chest for Africa business resilience
Equity Bank branch on Muindi Mbingu Street in Nairobi on Thursday, April 1, 2021. PHOTO | DENNIS ONSONGO | NMG Equity Group has unveiled a Sh684 billion ($6 billion) war chest to lend to five million businesses in its Africa Covid-19 pandemic recovery and resilience plan. The lender says it has internal capacity to lend […]
Equity steps up push for return of bank to mobile transfer charges
Equity Group Managing Director and CEO Dr James Mwangi at the Equity Centre in Nairobi on Monday, October 25, 2021. PHOTO | DENNIS ONSONGO | NMG Equity Bank has asked the Central Bank of Kenya to reinstate charges on transfers of money from bank accounts to mobile money wallets. The lender’s boss, James Mwangi, says […]
MTN Group is the biggest company in West Africa by market capitalization – here’s the Top 30 list
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
MTN Group is the biggest company in West Africa by market capitalization – here’s the Top 30 list
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
Northern Uganda farmers benefit from NU-TEC project
Andrew Kituka executive director Equity bank Uganda. A number of farmers have benefited from the NU-TEC project that was funded by the UK government to offer access to affordable financing for agribusinesses and farmers operating in Northern Uganda through Equity Bank. According to Paul Kweheria, the Team Leader of NU-TEC Financial Services the number of […]