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Banking & Finance
KCB cracks up rivalry with Islamic banks
Kenya Commercial Bank (KCB) has announced plans to open eight new Islamic banking branches by the year end as it…
7 African nations take part in Co-operative conference
Kenya is hosting the first East Africa co-operative conference - a forum that has brought together seven African…
Visa expands footprint in Francophone Africa
Visa a global payment company has announced its intention to open an office in Côte d'Ivoire to reinforce its…
NIC Bank profits soar despite a surge in bad debts provisions
NIC Bank Group's pretax profit rose 3 percent in 2015 and the lender plans to nearly double its branch network to…
Barclays Bank eyes Posta for wider market
Barclays Bank of Kenya has partnered with the Postal Corporation of Kenya (PCK) which will see Barclays customers…
BBK net profits slump despite a surge in customer assets
Barclays Bank of Kenya announced a profit after tax of Sh 8.4 b for the year ended 31 December 2015.
During the…
B2 Group targets African banks with new service
The B2 Group, provider of financial systems integration solutions has announced, its advanced Multi-Bank Integrator…
Central bank of Uganda sells Imperial shareholding to Tanzanian lender
Uganda’s central bank has sold the majority stake in Imperial Bank Uganda, previously held by Kenya’s collapsed…
SA’s rand plunge lower ahead of current account data
South Africa's rand ended a two-day run of gains against the dollar on Tuesday, falling half a percent lower…
Equity Bank bets on EAC subsidiaries to grow profits
Kenya’s Equity bank recorded a profit before tax of Sh24billion for full year 2015, compared to Sh22.4billion the…