Nelson Gaichuhie, CAS The National Treasury and Planning and John Gachora, the NCBA Group Managing Director during the launch of NCBA 2020 Economic Outlook Report at Radisson Blu Hotel Nairobi The shutting down of several branches in Kenya due to Covid-19 on reduced business activities has seen NCBA bank relegated lender to the fourth position […]
Sudhir Omokolade Ajayi | BILLIONAIRES AFRICA | For an economy with a GDP of $37.4 billion, the Ugandan bourse is one of the most undervalued, with a marginal representation of local investors as high institutional ownership crowds them out of the market. Despite the fast growth of the local economy, the market capitalization of the […]
Nelson Gaichuhie, CAS The National Treasury and Planning and John Gachora, the NCBA Group Managing Director during the launch of NCBA 2020 Economic Outlook Report at Radisson Blu Hotel Nairobi The shutting down of several branches in Kenya due to Covid-19 on reduced business activities has seen NCBA bank relegated lender to the fourth position […]
Future performance remains uncertain due to the ongoing COVID-19 lockdown Kampala, Uganda | JULIUS BUSINGE | Stock turnover at the Uganda Securities Exchange recorded a 74% growth in the second quarter of this year to Shs5.9bn compared to the previous session as energy and banking dominated trading. Electricity distributor, Umeme, took the first position, posting […]
Future performance remains uncertain due to the ongoing COVID-19 lockdown Kampala, Uganda | JULIUS BUSINGE | Stock turnover at the Uganda Securities Exchange recorded a 74% growth in the second quarter of this year to Shs5.9bn compared to the previous session as energy and banking dominated trading. Electricity distributor, Umeme, took the first position, posting […]
For the second time in two years, one of Africa’s largest logistics firms is staring at death as it slides into administration after defaulting on bank loans. The Kenyatta family-associated NCBA Bank on Thursday revealed that it placed Multiple Hauliers under administration on June 7, an indication that the company is unable to repay a […]
NCBA Group #ticker:NCBA spent Sh700.7 million to cut its workforce in the year ended December as the lender sought to realise the cost-reduction benefits of the merger of its constituents –the former NIC Group and CBA Group. The Nairobi Securities Exchange-listed firm says the job cuts were implemented in Kenya –its biggest market. Its total […]
NCBA Group #ticker:NCBA spent Sh700.7 million to cut its workforce in the year ended December as the lender sought to realise the cost-reduction benefits of the merger of its constituents –the former NIC Group and CBA Group. The Nairobi Securities Exchange-listed firm says the job cuts were implemented in Kenya –its biggest market. Its total […]
Absa Bank of Kenya #ticker:ABSA last year spent Sh1.06 billion to lay off staff in the coronavirus environment, closing the year with a 161 drop in headcount. It had 1,991 employees on its payroll from 2,152 in the previous year as it moved to deepen the switch to digital channels. Absa says in latest annual […]
Family Bank has redeemed its five and half years (5 and ½ year) Medium-Term Notes (MTN) worth 2.0188 Billion shillings that were due on 19 th April 2021. On this maturity date, the bondholders have been paid their principal together with the accrued interest of the final six months. The notes included Fixed Rate Notes […]
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