Sunday , 21 August 2016

Category: Banking

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Lagos: Dangote targets 5 states with $10Bn for rice cultivation

The Dangote Group disclosed recently at the just concluded 2017 Gateway Trade fair in Abeokuta, that it was investing N10 billion dollars in rice cultivation in five states to boo ...

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EAC Secretariat denies losing $2mn in its Arusha account

The East African Community (EAC) has refuted claims of losing hundreds of millions of shillings in its General Reserve Fund in Arusha, Tanzania. In a statement to newsrooms, an EA ...

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Equitel profits soar to Kes308mn in Q1

Equitel mobile money platform registered growths in transaction volumes, contributing to the growth in the Group’s non-funded income. Equitel transaction income increased to Ksh30 ...

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StanChart profits for Q1 dips to Kes3Bn on new lending regime

Standard Chartered today announced a pretax profit of KShs 3 billion for the first quarter of 2017. The Bank said the 19 per cent drop, year-on-year, reflects the effects of the B ...

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Zimbabwe secures $120mn debt from Standard bank

One of South Africa's largest financial services groups, Standard Bank, has confirmed a $120 million debt package with Zimbabwe Power Company (ZPC), for the rehabilitation of exis ...

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Peter Kahi Joins Accountant’s body

PKF East Africa has appointed Peter Kahi as their new partner in charge of PKF’s Forensic & Business recovery services in East Africa. Kahi has over 25 years’ experience in co ...

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Global economic uncertainty threatens FDI flows to Africa

For African governments part of what is at stake are much needed foreign direct investments and access to affordable financing necessary to spur development and, specifically, to ...

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SBM announces completion of Fidelity Commercial Bank acquisition

Financial service provider, SBM Holdings Ltd (SBM Group) has today announced the completion of the acquisition of Fidelity Commercial Bank in Kenya through its subsidiary SBM Afri ...

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Sanlam Kenya optimistic despite uncertain polls

Non-bank financial services firm, Sanlam Kenya has shrugged off fears pre-election jitters may impact negatively on its business three months to the General Election. In a stateme ...

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Surge in M&A predicted in African mobile operators

African mobile telecoms operators, infrastructure owners and service providers are ramping up investment and targeting acquisitions across the region African mobile telecoms opera ...

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