Banking, Finance & Investment

Eskom Holdings SOC Ltd said it will give the transmission unit that it’s transforming into a separate entity a R39.9 billion ($2.6 billion) loan to make sure it can complete …

Patrice Motsepe’s African Rainbow Capital (ARC) has put a date on the launch of TymeBank’s Philippines operation; October 2022. ARC published its trading statement for the four months to 30 April on …

Kenya has beaten a hasty retreat from its early plans to float a KSh115 Billion ($1 billion) Eurobond and has instead shifted its attention to borrowing from a consortium of …

The gap between the savings and lending rates in banks widened by 25.33 per cent in March, according to figures obtained from the Central Bank of Nigeria. Latest figures obtained …

The Nigeria Data Protection Bureau (NDPB) says it is investigating Wema Bank PLC and KC Gaming Networks (Bet Naija), for alleged breach of customers’ data privacy. The bank is accused …

Access Bank Plc has paid a sum of N15 billion to acquire Kenyan lender, Sidian Bank Ltd, owned by Centum Investment Plc. The acquisition amounts to 83.4% equity ownership stake …

On Wednesday June 8, UBA said it had redeemed its debut $500 million five-year Eurobond notes which matured. Note that UBA bank repurchased $310.9 million of the notes in 2021 …

Mudassir Amray has emerged as the new chief executive officer of Union Bank after Titan Trust Bank Limited, a subsidiary of TGI Group, completed the acquisition of the majority shareholding …

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has continued to partner stakeholders in the health sector to offer quality healthcare. Chief Executive, Stanbic IBTC Bank PLC, …

Access Bank has brokered a deal with the investment firm Centum Investment Plc to procure the 83.4 per cent interest the latter holds in Nairobi based lender Sidian Bank making …