Banking, Finance & Investment

The supervisory board of BMCI, an affiliate of BNP Paribas, on Thursday appointed Hicham Seffa as the group’s new Director-General and member of the board of directors. According to numerous …

The family of Peter Mukuha Kago –the founders of supermarket chain Naivas— has pocketed an estimated $32.29 million (Sh3.8 billion) from the sale of an 8.5 percent stake to a …

 Morocco’s automotive exports reached MAD 59.6 billion ($5.6 billion) at the end of July 2022, an increase of 31.6% compared to a year earlier. This growth, according to a new …

Kenya plans to sign an agreement with China to end double taxation of income or gains arising from one country and paid to residents of the other. The deal, which …

The Tel Aviv Stock Exchange will host a Moroccan-Israeli conference to discuss investment opportunities in Morocco on September 5. Described by the organizing law firm Firon-UGGC as the first of …

 Barclays, a British multinational universal bank has sold its entire remaining 7.4% holding in South African lender Absa, completing its exit from the continent after more than 90 years. Barclays announced …

On Tuesday, Fidelity bank was backed by the United states’ Global X Management announcing a binding agreement for full acquisition of Union Bank Uk, reported for the period from January …

A Kenyan High Court has frozen an additional sum of $3.3 million (Sh400.6 million) belonging to Nigeria’s fintech Unicorn Flutterwave over allegations of money laundering and card fraud. This comes …

Kenya Power has locked out banks and third-party vendors from selling tokens for pre-paid customers over increasing complaints on delays and cases of billing fraud. The State-owned power utility on Tuesday …

The Competition Authority of Kenya(CAK) has approved the conversion of loans advanced by three foreign firms to internet and pay TV provider, Wananchi Group into equity shares. The companies, Triple …