Standard Chartered Bank The UK-headquartered multinational banking group said it’s decision to exit the markets will enable it concentrate its resources where it can make the most impact. This is part of a strategy to deliver efficiencies, reduce complexity and drive scale. The planned exit is still subject to regulatory approvals. Standard Chartered Plc has […]
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream business activities, while not forgetting the tech/economy build up. Here are the Headlines : CBN fines three banks N800m for crypto transactions DMO begins Q2 borrowing, as it […]
Kampala, Uganda — Released today, the index shows that conditions improved towards the end of the opening quarter of the year, with output, new orders and employment all rising again in March. However, there are ongoing inflationary pressures and signs that this had acted to deter customers in some cases. Ronald Muyanja, the Head of […]
Working in the banking industry is a dream for many Nigerian graduates because they believe there is a lot of money to be made And indeed there is, as 10 commercial banks paid workers salaries and wages of over N400 billion in 2021 The amount captured in this report only covers salaries and wages and […]
Mumias Sugar company [Photo/Courtesy] The future of troubled Mumias Sugar Company hangs in the balance with numerous legal battles challenging its leasing to a private entity. Amid the protracted dispute over the miller’s take over, money laundering and tax evasion allegations have surfaced, further revealing intrigues behind attempts by various firms to control assets of […]
The leading telecommunications company, Safaricom , has been ranked top in the 2022 List of Top Companies in Kenya. Equity Bank and Kenya Airways come in second and third, with KCB Group coming in fourth. This is the first of what’s expected to be an annual ranking, and will be running alongside similar lists of […]
Kampala, Uganda — MetropolitanRepublic Uganda (MRU) has named Derek Mwesigye as their new creative director. Managing Director, Josephine Muvumba said: "Derek and his team serve as the backbone of the agency. Winning pitches outside Uganda, in a more advanced market raises the confidence we have in our work, our people and our service delivery. This […]
Business Insider Africa presents the top five best companies for workers in Nigeria, Kenya, Egypt and South Africa. Note that the list is dominated by financial services companies, especially in Nigeria and South Africa. The list is courtesy of LinkedIn’s 2022 Top Companies Ranking. Earlier this week, LinkedIn released its 2022 Top Companies Ranking. The […]
Stanbic Bank led the market share of banks that invested heavily on the Ghana Stock Exchange Fixed Income Market in 2021, controlling 25.21% of the total value of securities traded. It was followed by GCB Bank which dislodged Standard Chartered Bank to the second position. Ghana’s second biggest bank held 12.40% of government securities, largely […]
Prominent Development Investment Institution, DLM Capital Group,has appointed Kari Tukur, as Director. Kari is the Vice President, Products, Mastercard Sub-Saharan Africa. For the past three years, she has led the product and implementation of Mastercard’s Sub Saharan Africa Core Products, and the Customer Solutions Centre for East and West Africa. Earlier, Kari was Country Head, […]
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