banking
Rwanda’s Bank of Kigali income rises 18.4pc to $41.8 million
December 2, 2022
The Bank of Kigali Plc (BK ), Rwanda’s biggest local bank by assets, has reported a net income of $41.8 million (Rwf43.5 billion), reflecting...... Continue Reading >
Top 10 Saudi banks see 9.3% surge in Q3 net profit
November 28, 2022
The top 10 banks in Saudi Arabia witnessed robust growth in profitability as net profit increased 9.3 percent quarter-n-quarter (QoQ) resulting in...... Continue Reading >
Morgan Stanley expects Ghana to restructure both domestic and external debt
November 25, 2022
Investment bank Morgan Stanley expects debt-hobbled Ghana to restructure both its domestic and external debt, it said on Thursday. The bank anticipated...... Continue Reading >
Etihad Credit Insurance, African Trade Insurance Agency sign reciprocal reinsurance agreement
November 24, 2022
Etihad Credit Insurance (ECI) and African Trade Insurance Agency (ATI) signed a reciprocal reinsurance agreement to strengthen trade ties and boost...... Continue Reading >
IFC to invest $100mln in Kenyan bank to help SMEs affected by pandemic
November 17, 2022
Investment group International Finance Corporation (IFC) plans to invest 12.18 billion shillings ($100 million) in Nairobi-listed Diamond Trust Bank...... Continue Reading >
NMG makes leadership changes in newspaper division
November 15, 2022
The Nation Media Group has reappointed Pamela Sittoni as the Executive Editor of Daily Nation. Bernard Mwinzi, the current Managing Editor of Daily...... Continue Reading >
Kenya's central bank directs lenders to forego half of $246 million digital loans
November 15, 2022
At least 4.2 million Kenyans who failed to pay Ksh30 billion ($246 million) they borrowed from banks, microfinance and mortgage finance companies...... Continue Reading >
Arm Announces the Appointment of Tony Fadell to the Board of Directors
November 3, 2022
Arm today announced the appointment of Tony Fadell, Build Collective Principal, to its Board. Mr. Fadell brings decades of experience with the Arm...... Continue Reading >
AfDB forecasts East Africa economies to grow by 4 percent in 2022
November 1, 2022
According to the lender’s East Africa Regional Economic Outlook 2022, the region recorded a robust economic recovery in 2021, but most members...... Continue Reading >
President: CBN Has My Backing to Redesign Naira Notes
October 31, 2022
President Muhammadu Buhari, yesterday, doused tensions surrounding the plan by the Central Bank of Nigeria (CBN) to redesign and replace N1, 000,...... Continue Reading >
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