In this interview, The Banker reporter Francis Kajubi talks to NIC Bank Tanzania Limited, acting Managing Director, Mick Karima who addresses the subject and many others, excerpts: Several commercial banks in the country have recently started lowering interest rates on loans to as low as 16 percent and extending repayment periods, what is your take […]
The Nairobi bourse plans to roll out the long-delayed financial derivatives market early next year, enabling investors to enter into contracts to buy or sell single or a set of stocks for a specified price and time in future. The launch will follow a two-phase test trade which began last month and expected to end […]
Participants follow proceedings at the NSE derivatives training for journalists in Nairobi August 28, 2018. PHOTO | DIANA NGILA | NMG The Nairobi bourse plans to roll out the long-delayed financial derivatives market early next year, enabling investors to enter into contracts to buy or sell single or a set of stocks for a specified […]
Equity turnover at the Nairobi Securities Exchange (NSE) declined 51 percent on Thursday in a session dominated by local investors as foreigners kept off. Turnover stood at 3.6 million U.S. dollars on a volume of 11 million shares, down from 7.6 million dollars on 31 million shares on Wednesday. Local investors’ participation stood at 65 […]
IPSL Chief Executive Officer, Jennifer Theuri says they hope to raise the number of banks using Pesalink in the next few weeks So far, 22 commercial banks are part of the network allowing customers to move money across banks through the app. The banks include; I&M Bank Kenya, CBA, First Community Bank, Paramount Bank, Jamii […]
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