As of April 2019, NCBA chairman James Ndegwa and his brother, Andrew Ndegwa, owned 6.6 million shares worth Ksh704 million in Commercial Bank of Africa (CBA) Group which later merged with NIC Bank to form NCBA. James held 3.1 million shares in CBA (1.09 percent stake) worth Ksh333.9 million while Andrew held 3.4 million shares […]
NCBA Group chairman James Ndegwa (left) and his brother Andrew Ndegwa each own a 4.16 percent personal stake in the bank with a market value of Sh1.6 billion apiece. FILE PHOTOS | NMG NCBA Group chairman James Ndegwa and his brother Andrew Ndegwa each own a 4.16 percent personal stake in the bank with a […]
Co-op Bank Managing Director Gideon Muriuki says they are waiting for regulatory approval. [File, Standard] Cooperative Bank of Kenya has inched closer to acquiring Jamii Bora in a deal that will see it take a 90 per cent stake in the tier-three lender. This is after Jamii Bora Bank’s shareholders approved the acquisition in an […]
National Insurance Corporation Uganda will hold its Annual General Meeting on 31st July 2020.
NAIROBI, KENYA: A number of NCBA branches will not be in operation early next month in a move aimed at making the bank operate better after last year’s merger. In 2019, the NIC Group merged with Commercial bank of Africa forming NCBA. The merger strengthens both institutions leveraging on their combined market share of 9.9 […]
Performance at the Uganda Securities Exchange slowed down during April partly due to Covid-19. According to the notice, if a company elects to hold a virtual annual general meeting, it will have to submit a notice to USE in regard to how the meeting will be executed. Performance at the Uganda Securities Exchange slowed down […]
Chief executive officers for five Tanzanian companies that have been ranked as most valuable ones by South Africa-based African Business. They are (from top left): TBL Plc managing director Philip Redman, TCC’s Michal Bachan, NMB Bank Plc’s Ruth Zaipuna, Vodacom’s Hisham Hendi and Alfonso Velez from Tanzania Portland Cement. PHOTOS | FILES Dar es Salaam. […]
Six companies listed on the Uganda Securities Exchange have postponed their annual general meetings due to the coronavirus outbreak, the bourse said in a statement. The shareholders’ meetings, usually held during this period, have been “deferred in light of the current directives by the government of Uganda restricting public gatherings and public health recommendations aimed […]
Dar es Salaam — Tanzania has produced two companies on the list of Africa’s 100 most valuable firms. South Africa-based African Business disclosed in a ranking of the continent’s top 250 firms that TBL Plc and Vodacom Tanzania Plc are the two most valuable firms in the country. At the continental level, TBL Plc has […]
NCBA Bank Kenya PLC designate chairman Isaac Awuondo and group MD John Gachora The NCBA Group Plc (NCBA) net profit has grown by 20 percent to Sh1.63 billion for the quarter ended March 31, 2020. The merged entity between NIC Bank and CBA Bank reported Sh1.29 billion in profits after tax in Q1 2019. NCBA […]
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