A Stanbic Bank branch in Mombasa. FILE PHOTO | NMG Stanbic Bank has signed a deal with Caetano Kenya to finance customers buying Hyundai and Renault brands from the motor dealer. Stanbic’s head of Consumer and High Networth Clients, Lilian Onyach, said the agreement would see customers access up to 100 percent financing for five […]
It got an approval-in-principle to start a non-interest banking unit to be known as Alternative Bank Limited. Sterling Bank obtained the Central Bank of Nigeria (CBN) ‘s go-ahead to transform to transform to a holding company subject to meeting certain conditions outlined by the regulator. It also got an approval-in-principle for a permit to start […]
National Bank of Kenya (NBK) #ticker:NBK is set to be delisted from the Nairobi Securities Exchange on Thursday following its acquisition by KCB Group #ticker:KCB through a share swap. NBK’s shares had already been suspended from trading ahead of the transaction, with the delisting marking the lender’s formal exit from the bourse which will now […]
A consortium of 18 pension funds is seeking to invest up to Sh30 billion in public projects through the public-private partnership (PPP) model as members look to diversify their asset portfolio and raise returns for pension savers. The Kenya Pension Fund Investment Consortium (KEPFIC), whose members control about Sh300 billion in assets under management, said […]
Finance Minister, Matia Kasaija endorsed the tripartite agreement on behalf of the government. High costs involved in provision of other services such as water, roads and electricity have been cited as the main hindrances for provision of low cost housing Kampala, Uganda | THE INDEPENDENT | National Housing and Construction Company Limited, Stanbic Properties Limited, […]
About 21,394 people in Uganda have become shareholders in MTN Uganda ( USE:MTNU ) following the conclusion of the company’s Initial Public Offer (IPO). MTN Uganda was yesterday listed on the Uganda Securities Exchange (USE) having raised Shs535.9b (or $151m) from its IPO. This represents 60 percent of its target amount after it launched its […]
December 03, Kampala: There is good news for the economy about rising employment levels for the last six months as the country continues to recover from the COVID-19 pandemic hit. According to Stanbic Bank Uganda’s Purchase Managers’ Index (PMI) for the month of November, job creation was signaled in the country’s private sector for the […]
About 21,394 people in Uganda have become shareholders in MTN Uganda following the conclusion of the company’s Initial Public Offer (IPO). MTN Uganda was yesterday listed on the Uganda Securities Exchange (USE) having raised Shs535.9b (or $151m) from its IPO. This represents 60 percent of its target amount after it launched its IPO in October, […]
National Bank of Kenya (NBK) is set to be delisted from the Nairobi Securities Exchange on Thursday following its acquisition by KCB Group through a share swap. NBK’s shares had already been suspended from trading ahead of the transaction, with the delisting marking the lender’s formal exit from the bourse which will now be left […]
The number of corporates dishing out dividends to shareholders for the year ending December has risen, pointing to improved profits and a bright economic outlook. The Nairobi Securities Exchange (NSE) on Friday joined a growing list of firms that paid or declared interim dividends for investors. The NSE board announced a surprise special dividend of […]
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