IFLR is delighted to reveal the shortlist for its inaugural Sub-Saharan Africa Awards 2020. Below is the full list of deal, team and national and international firm of the year finalists. The IFLR awards focuses exclusively on legal innovation in cross-border transactions. For the 2020 awards, transactions must have reached financial close between May 31 […]
NCBA will redeem its Sh7 billion corporate bond 91 days ahead of its December 14, 2020 maturity date. File | Nation Media Group Banking group NCBA is set to redeem its Sh7 billion corporate bond 91 days ahead of its December 14, 2020 maturity date, a move that will see it save Sh222.5 million in […]
Patrick Bitature (middle), the Umeme chiarman rings a bell at the USE recently. Market executives anticipate good performance as COVID-19 threat is minimized Kampala, Uganda | JULIUS BUSINGE | Trading in the second quarter of 2020 at the Uganda Securities Exchange registered a tremendous decline as Uganda’s equity markets continued to feel the impact of […]
Integrated Payments Service Limited (IPSL), the company behind Pesalink, has appointed four new non-executive directors to join its board. The new appointees, Jack Ngare, Dr. Shiko Gitau, Kevin Kinyanjui, and Moses Obonyo, bring a wealth of experience in technology, IT strategy, and Law to the board of Pesalink. Ngare is currently the managing director of […]
NCBA Group chief executive John Gachora during a December 2019 interview. FILE PHOTO | NMG Banking group NCBA is set to redeem its Sh7 billion corporate bond 91 days ahead of its December 14, 2020 maturity date, a move that will see it save Sh222.5 million in interest expenses. The Nairobi Securities Exchange-listed firm says […]
Uganda Security Exchange (USE) has posted the worst performances in over four years with turnover grossing a 70 per cent drop. In the second quarter of 2020, turnover dropped to Shs2.25b compared to Shs25.61b in the same period last year. The drastic drop, according to a report by USE, was attributed to withdrawal of international […]
Banking group NCBA is set to redeem its Sh7 billion corporate bond 91 days ahead of its December 14, 2020 maturity date, a move that will see it save Sh222.5 million in interest expenses. The Nairobi Securities Exchange-listed firm said it will now settle the debt on September 14 using internal cash flows. The bond […]
Co-operative Bank of Kenya will buy 90% of micro lender Jamii Bora Bank and the deal will complete this month, the country’s central bank said on Friday, marking further consolidation in the East African nation’s banking industry. Co-op Bank’s takeover of Jamii Bora was first announced in March and the deal is due to complete […]
(Adds details, background) NAIROBI, Aug 7 (Reuters) – Co-operative Bank of Kenya will buy 90% of micro lender Jamii Bora Bank and the deal will complete this month, the country’s central bank said on Friday, marking further consolidation in the East African nation’s banking industry. Co-op Bank’s takeover of Jamii Bora was first announced in […]
Uganda Security Exchange (USE) has posted the worst performances in over four years with turnover grossing a 70 per cent drop. In the second quarter of 2020, turnover dropped to Shs2.25b compared to Shs25.61b in the same period last year. The drastic drop, according to a report by USE, was attributed to withdrawal of international […]
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