Equity Group Commits to Zero-Lending for Coal Projects in Finalised IFC Deal
The International Finance Corporation (IFC) and the IFC Financial Institutions Growth Fund has acquired a 6.71% stake in Equity Group, becoming the second-largest shareholder after Arise BV of Norway and Netherlands. The [...]
Zimbabwe Suspends Bank Lending to Curb Currency Decline
The government of Zimbabwe has ordered banks to stop lending with immediate effect, seeking to curb its rapid devaluation on the black market. The country reintroduced a local currency in [...]ABSA Bank Kenya to Hold 43rd AGM on May 26th
ABSA Bank Kenya Plc has informed its shareholders that the lender’s 43rd Annual General Meeting(AGM)will be held electronically on Thursday, May 26th 2022, at 10.00 am. The shareholders meeting, among [...]
KCB Set Open New Subsidiary in Rwanda
Kenya Commercial Bank (KCB) Group has announced plans to open a new subsidiary in Rwanda, seeking to double its regional business in the next two years and support economic expansion [...]Cyber Attacks Remain Key Risk in Online Banking CBK
A new survey by the CBK dubbed the banking sector innovation survey shows that commercial banks have identified cyberattacks as a key risk to online banking innovation as they continue [...]
African Banker, Backbase Release Report on Digital Banking
African Banker magazine and Backbase, the leading Engagement Banking Platform, have partnered to produce the 2nd edition of a report on African Digital Banking. African Banker’s editorial team surveyed more [...]Bank of Uganda Blacklists All Cryptocurrency Dealers
The Bank of Uganda(BOU) has warned all licensed entities under the National Payments Systems Act to desist from facilitating crypto-currency transactions. “We have noted press reports and adverts advising the [...]CBK Seeks KSh 60B in T-Bonds Sale in May
The Central Bank of Kenya(CBK) is seeking KSh 60 billion in May, through Treasury Bonds Sale, for budgetary support. CBK offer to investors The Treasury Bonds on sale are the [...]SCBK to Hold Its AGM on May 25th
StanChart Bank Kenya(SCBK) Limited has notified its shareholders that the 36th Annual General Meeting(AGM) will be held electronically on Wednesday 25th May 2022. During this meeting, shareholders of SCBK will [...]Stanbic Holdings To Hold Its 67th AGM in May
Stanbic Holdings Plc has notified its shareholders that the Company's 67th Annual General Meeting (AGM) will be held virtually. This meeting will be held on Thursday, 19th May 2022, at [...]KCB Partners with USAID for KSh100 Million Financing for Livestock Farmers
Kenya Commercial Bank (KCB) Foundation has partnered with United States Agency for International Development (USAID) to mobilize up to kSh100 million in financing for livestock farmers in Kenya’s arid and [...]Barclays to Sell 7.4% Stake in Africa's Absa Group, Valued at $740 Million
Barclays Plc has announced plans to sell a 7.4% stake of Absa Group Ltd, its former African unit, valued at $740 million. The firm is placing about 63 million shares to [...]
