Banking, Finance & Investment

Equity Bank has concluded negotiations to buy Spire Bank, setting the stage for the signing of a deal that is expected to get the teachers-owned bank out of a financial …

South Africa’s Competition Commission approved Heineken’s purchase of wine and cider company Distell Group in South Africa as long as the merged entity invests more than R10 billion over five years …

 The Nairobi Securities Exchange (NSE) has extended the waiver of its fees on equity day trades to December 31. The extension is aimed at boosting market activity and creating an …

Fidelity Bank is on the verge of sourcing new capital allowing for issuance of over 3 billion shares, the tier 1-aspiring lender said Wednesday, a move that could further expansion plans …

KCB Bank Kenya has secured a Sh18billion loan from the International Finance Corporation (IFC) that will boost the lender’s support for businesses that address climate change. Through the partnership, IFC …

Afrexim Bank is guaranteeing the import of 745 trucks payable by four local banks on behalf of Ethiopian transport businesses with a USD 63 million loan. Afrexim Bank guaranteed Jampur …

Morocco has ranked as the fifth most expensive African country to rent a one-bedroom apartment, Business Insider Africa reported on Sunday. Basing its ranking on data obtained from Numbeo, a …

Fidelity Bank Plc has posted Profit Before Tax (PBT) of N25.1 billion for its half-year (H1) 2022 operations, against N20.6 billion achieved in the corresponding period in 2021. Specifically, an …

Kenya Power has dashed commercial banks and other third parties’ hopes of renegotiating fresh contracts to sell prepaid electricity tokens, in a decision that will restrict the lucrative deal to …

Africa’s leading payments technology company, Flutterwave has recently been granted a Switching and Processing License by the Central Bank of Nigeria (CBN). The license, which is widely regarded as CBN’s …