Kenyan officials handling money-laundering investigation files are tipping account holders of suspicious transactions to move their assets before raids, hampering the fight against money launderers. A new US report tracking the global money-laundering hotspots also says Kenya appears to have taken a step back in the fight after last year it lifted the threshold of […]
Tag: XUGA_KCB
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 […]
Ethiopia to drop restrictions on KCB, Equity Bank
Ethiopia on Tuesday announced plans to ease restrictions on foreign banks making investments in the country, opening the door for Kenyan lenders to set up operations in the populous nation. Ethiopian Prime Minister Abiy Ahmed said the country would open up its banking industry to foreign competition as soon as parliament passes policies permitting it. […]
Verve Cards Now Accepted on Uganda’s KCB Bank Network
(L-R) Patricia Taremwa, Marketing and Communications Lead, Interswitch East Africa Uganda; Damalie Elizabeth Sajjabi, Head of Products and Operations, Interswitch East Africa Uganda Limited and Michael Ssekyondwa, Head of Retail Banking, KCB Bank Uganda at the press conference to announce the Verve Card acceptance on the KCB Bank Network. Verve and KCB Bank Uganda Limited […]
KCB, EAC ink deal on establishment of Mini-Branch in Arusha
EAC staff, delegates, members of its Organs and Institutions and visitors can now easily conduct banking services at the EAC premises, following the launch of a Kenya Commercial Bank (KCB) Tanzania mini-branch, at the EAC Secretariat Headquarters in Arusha, Tanzania. The move followed the signing of a Memorandum of Understanding (MOU) between the EAC Secretary […]
Absa takes on small lenders with cheap personal loans offer
Absa Bank Kenya #ticker:ABSA has joined small lenders to offer the cheapest personal loans, breaking ranks with other big banks that have continued to issue relatively expensive credit facilities. An Absa customer taking a Sh1 million, one-year personal unsecured loan today will incur a total credit cost of Sh71,807. That is the same as the […]
Ethiopia to drop restrictions on KCB, Equity Bank
Ethiopia on Tuesday announced plans to ease restrictions on foreign banks making investments in the country, opening the door for Kenyan lenders to set up operations in the populous nation. Ethiopian Prime Minister Abiy Ahmed said the country would open up its banking industry to foreign competition as soon as parliament passes policies permitting it. […]
DSE record turnover of 13.7bn/- in January, market data shows
The turnover recorded was more than two folds improvement from last month’s 5.51bn/- turnover and January 2021 turnover of 6.72bn/- According to statistics from DSE, both market Indices closed the month on the positive side with the All-Share Index (DSEI) gaining 22.08 points and closing with 1,918.79 points while While the Tanzania Share Index (TSI) […]
Sanlam Kenya Tops The NSE On Thursday, Sameer Africa Tails
KEY POINTS The top loser of the day was Sameer Africa shed off 6.51 percent at the price of 2.44 shillings per share followed by TPS Eastern Africa (Serena) with a loss of 6.15 percent at the price of 12.20 shillings per share. Top Gainers The top gainer of the day at the Nairobi Securities […]
Absa takes on small lenders with cheap personal loans offer
Absa Bank Kenya #ticker:ABSA has joined small lenders to offer the cheapest personal loans, breaking ranks with other big banks that have continued to issue relatively expensive credit facilities. An Absa customer taking a Sh1 million, one-year personal unsecured loan today will incur a total credit cost of Sh71,807. That is the same as the […]