DUBLIN–( BUSINESS WIRE )–The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and community-based financial services associations. […]
Tag: XUGA_SBU
PIDG company The Emerging Africa Infrastructure Fund backs 40MW Kesses solar project in Kenya with US$35 million loan
Download logo The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Group (PIDG) ( www.PIDG.org ), confirmed its leading position as a provider of debt funding to Africa’s alternative energy generation sector. EAIF has provided a US$35 million loan over a 15-year term to the 40MW Kesses solar generation facility […]
Uganda: Pmi – Reopening of Schools Rejuvenated Businesses
Business conditions improved in the private sector in January, buoyed by the reopening of schools following an extended period of closure due to the Covid-19 pandemic according to the latest Stanbic Bank Purchase Managers Index (PMI). Despite an increase in fuel prices, the PMI posted 54.9 in January, up from 51.5 in December and above […]
Bulls sustain lead as capitalisation rises further by N248b
The dominance of the bulls continued unabated for the third consecutive session, yesterday, as almost all the blue chip stocks recorded price appreciation, resulting in a further rise in market capitalisation by N248 billion. At the close of transactions on the Nigerian Exchange Limited (NGX), the all-share index (ASI) rose by 460.38 basis points to […]
Investors in Nestle, NB, Stanbic IBTC, 7 Others Lose N122.2bn in January
Kayode Tokede The value of Nestle Nigeria Plc, Nigerian Breweries Plc, Stanbic IBTC Holdings Plc and seven others stocks depreciated by N122.2 billion on the Nigerian Exchange limited (NGX) following investors profit-taking in anticipation of weak corporate earnings, among other factors. Other stocks that performed poorly in January were; Cutix Plc, Berger Paints Plc, C&I […]
Zenith, Gtbank Lead List of Nigeria’s Most Valuable Banks in January
The list of Nigerian most valuable bank for the first month of 2022 has been revealed with Guaranty Trust Bank and Zenith bank keeping their positions The value of the banks were calculated using how much was added to their total share price as at Friday, December 31, 2021 Nigerian banking sector stocks continue to […]
Airtel Africa Plc Market Cap Eclipses 14 Publicly Traded Banks in Nigeria As Telcos Become Operating Systems
According to Nairametrics analysis, Airtel Africa Plc has a market cap that is bigger than all the 14 banks listed in the Nigerian Stock Exchange. Airtel Africa has a market cap of N4.78 trillion while the 14 banks combine for N3.77 trillion. This trajectory will continue because telecoms is the operating system of the knowledge […]
Top performing Stockbroking firms in Nigeria in January 2022
Apt Securities, Meristem, and Stanbic IBTC Stockbrokers led the list of stockbroking firms in terms of the value of transactions in the month of January 2022, jointly accounting for 64.9% of the total value traded in the stock market in the review month. This is according to the broker performance report , released by the […]
Business activity rises to 8-month high as economy reopens
A gauge of Uganda private sector activity rose to its highest level in eight months, a sign that the economy is regaining momentum following the relaxation of Covid-19 restrictions. IHS Markit, the international research firm, on Thursday said the Stanbic Bank Uganda purchasing managers’ index rose to 54.9 in January from 51.5 in December. A […]
Bancassurance: Banks earn Shs12bn as commission
Insurance brokers will need to evolve on how to engage, advise and on-board customers Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks earned Shs12bn in commission as insurance agents for nine months to September 30, 2021, underscoring the significance of banscassurance as a new revenue stream for financial institutions. The Insurance Regulatory Authority of […]