Banking, Finance & Investment

KCB Bank has revised the annual interest rates for its savings accounts in a move that seeks to attract and retain its customers. With effect from July 1 2022, the …

Foreign investor outflows at the Nairobi Securities Exchange surged more than six times to Sh10.8 billion in the quarter ended June 2022, as the foreigners sought safer investment destinations amid …

South Africa’s banking regulator said there is a high risk of money laundering and terrorist financing activity in the industry, citing the extensive use of cash and exposure to overseas …

Stanbic Bank Kenya is facing a Sh9.6 billion ($80 million) compensation claim after it froze and reversed funds in an account held by passenger and cargo carrier Air Afrik. The …

Fitch, the global rating agency, has affirmed Long-Term Issuer Default Ratings (IDR) of 10 Nigerian banks at ‘B’ with a stable outlook. In a fresh report obtained from its website, …

Ecobank Transnational Incorporated (ETI) has posted a profit before tax of $261 million for the first half of the year ended June 30, 2022. This was contained in the group’s …

Standard Bank will provide Metrofibre Network with R5 billion in financing to facilitate its fiber roll-out and expand its connectivity into homes and businesses in underserviced communities across the country. …

Access Bank Plc has secured a $280 million funding commitment from the International Development Finance Corporation (DFC) to support small businesses in Nigeria. In a statement on Monday, the public affairs …

Centum Investment Company shareholders are set to receive a Sh391 million dividend payout after the firm narrowed its losses by 2 per cent in the year ended March 2022. The …

Abbey Mortgage Bank grew its gross earnings for the year ended December 31, 2021 by 142 per cent at N3.68 billion compared to  N1.52 billion in the previous year. Chairman …