banking
Bank of Kigali investors grow wealth at Nairobi Securities Exchange
December 1, 2021
Bank of Kigali Group shareholders grew their wealth by $59.8 million at the Nairobi Securities Exchange (NSE) even as institutional offshore investors...... Continue Reading >
Ghana raises interest rate to 14.5%
November 23, 2021
RIYADH: Ghana’s central bank has raised the interest rate for the first time since 2015 to 14.5 percent. The Monetary Policy Committee increased...... Continue Reading >
AfDB, Microsoft to Train 500 Youths as Digital Ambassadors
November 18, 2021
The African Development Bank (AfDB) has opened the Coding for Employment programme, which will train over 500 digital ambassadors to lead a peer-to-peer...... Continue Reading >
World Bank, AfDB blacklist nearly 20 Kenyan firms over fraud
November 15, 2021
Nearly 20 Kenya-based companies have been blacklisted by the World Bank and the African Development Bank (AfDB), in less than two years, over fraud...... Continue Reading >
Kigali keeps repo bank rate unchanged
November 14, 2021
Rwanda has retained the key central bank repo rate unchanged, at 4.5 percent, to further support lending to the economy. Briefing the press on Thursday...... Continue Reading >
Equity Bank funds struggling units as Uganda, DRC shine
November 14, 2021
East Africa’s largest lender by assets Equity Group Holdings (EGH) Ltd is fighting to keep its underperforming subsidiaries in Tanzania, South...... Continue Reading >
AfDB steps in to help region’s governments slowdown on their borrowing spree
November 14, 2021
The African Development Bank (AfDB) is working with countries in the region to prevent further debt accumulation by supporting the diversification...... Continue Reading >
Bank of Kigali profit up 33pc on income rise
November 9, 2021
Bank of Kigali (BK) weathered Covid-19 shocks to register a 33 percent growth in net profit for the nine months to September 30, 2021 helped by growth...... Continue Reading >
AfDB, AUC and UNECA pledge more resources to improve land governance in Africa-
November 9, 2021
The African Development Bank, the African Union Commission (AUC), and the United Nations Economic Commission for Africa (UNECA) have pledged to work...... Continue Reading >
Regional banks weather Covid storm
November 7, 2021
East African banks remained resilient with higher Return on Equity (ROE) for the 12 months to September 30 signalling a relatively healthy performance...... Continue Reading >
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