The banking industry in Kenya is under pressure.
|Current selected tag: 'banking africa'. Clear.|
Africa : Commodity Bridgehead to Asia
Trade from and in Africa, the New Asia Bridgehead, with Investors Europe Mauritius Stock Brokers. Disclaimer : this page is not intended for any specific nationality or jurisdiction. It is also not intended and neither do we solicit clients from the U.S. or any other specific jurisdiction, including the Republic of Mauritius inter alia.
Curated by Investors Europe Stock Brokers
"The banking industry in Kenya is under pressure and is calling for a review of the controversial interest cap law enacted in August 2016. The banks point to the adverse effect the law is having on the sector’s liquidity"
To lure the continent’s growing consumer class and differentiate themselves from mobile money and each other, Africa’s biggest banks are investing billions in digital banking technology.
Central banks across the world influence interest rates through monetary policy — basically hoicking and lowering rates — to control expenditure in an economy.
"A central bank is an important institution in any country, playing a crucial role in stabilising or keeping inflation within that country’s targeted inflation band. But some countries fail dismally when it comes to keeping this mandate"
AfDB Approves $10M Equity Investment In TIDE Africa Fund
"African development Bank (AfDB) approved a $10 million equity funding to boost Information and Communication Technology (ICT)-driven production and growth in six sub-Saharan Africa countries"
Banks maintain the new rate caps that could see them lose billions in revenue from microloans are not applicable to the mobile-based products.
"Kenyan banks maintain the new rate caps that could see them lose billions in revenue from microloans are not applicable to the mobile-based products"
Taxman says up to 70 pc of the bad loans is the product of irresponsible and insider lending that does not qualify as losses for tax purposes.
"The Kenya Revenue Authority (KRA) has opened investigations into the activities of eight top commercial banks accused of inflating their stock of bad loans to reduce their tax obligations"
TROUBLE is brewing in banks across sub-Saharan Africa. The continent was once so lauded as the next big investment destination that it lured the likes of ex-Barclays CEO Bob Diamond, …
"Trouble is brewing in banks across sub-Saharan Africa. Africa’s fading economies risk taking down more lenders with them"
The Rwandan subsidiary of I&M Holdings is set to go public in an initial public offering expected to be completed later this year.
"The government has instructed transaction advisors to the I&M Bank Rwanda IPO to list within 90 days"
Equity Bank has been named the best lender in Kenya at this year’s Think Business Banking Awards, beating KCB and Barclays to second and third positions
Equity Bank named Kenya's best lender at this year’s Think Business Banking Awards.
Barclays has raised more than 600 million pounds from the sale of a stake in Barclays Africa Group.
"Barclays said on Thursday it had raised 603 million pounds ($875.50 million) from the sale of a 12.2 percent stake in Barclays Africa Group."
In “The End of Alchemy,” former Bank of England head Mervyn King lays out a plan to redeem modern finance.
"A former governor of the Bank of England thinks we need to change the relationship between our banks and our society, and fast. Most of us would be better off if we took his advice."
"If Bob is really a buyer, he has to submit a concrete offer, designed not just to clear the financial hurdles but the regulatory and political obstacles too."
The African Export-Import Bank is to implement a new strategy aimed at driving industrialisation across Africa and increase intra-African trade by at least 50 per cent in the next five years.
"The African Export-Import Bank is to implement a new strategy aimed at driving industrialisation across Africa and increase intra-African trade by at least 50 per cent in the next five years."
The report regarding the collapse of African Bank will be published on May 12, according to the SA Reserve Bank.
The report into the collapse of African Bank will be published on May 12, according to the SA Reserve Bank.
U.S.-based Goldman Sachs is the bank most optimistic about South Africa. How 27 global banks rate South Africa's economic growth prospects for 2016.
"Consensus among 27 global banks and financial analysis groups shows that South Africa’s economy is expected to grow by 0.7 percent in 2016"
"I had always assumed that the banker-consultant feud lived mostly in the imaginations of undergraduate economics majors, but honestly what is going on here?"
The group posted first quarter pretax profits of £793million, down from £1.1billion a year earlier after underlying profits in its corporate and investment banking business dropped.
"Banking giant Barclays saw profits tumble by a quarter in the first three months of the year, hit by tough trading at its investment banking arm"
As investment bank chiefs fight for capital, shareholders could really use a consistent comparison
"Pity the poor investor trying to stack up one set of investment bank results against another."
Former Barclays boss Bob Diamond is reportedly teaming up with Carlyle to prepare a bid to buy the bank's African operations.
"Former Barclays chief executive Bob Diamond is teaming up with private equity group Carlyle to prepare a bid to buy the bank's African operations."
Scanning a bank statement into a computer may not sound particularly high-tech, but it’s unsettling some of Asia’s private bankers.
"Scanning a bank statement into a computer may not sound particularly high-tech, but it's unsettling some of Asia's private bankers."
Growing African businesses looking to sell their products and services beyond the continent present a growth opportunity for Standard Chartered, the bank's chairman said on Friday.
"We see Africa as an opportunity to invest rather than exit or divest."
"One thing that makes banking regulation hard is that it's impossible to know how big a bank is. There are lots of regulatory reasons why you might want to know that -- is it too big to fail? too big relative to its capital? -- but you just can never quite measure it."
Big British banks have a week to disclose their links with the law firm at the heart of the Panama Papers scandal, the UK financial regulator said.
KCB Group, East Africa’s largest bank by assets, aims to raise Sh10 billion through a rights issue to boost the lender’s thinning capital levels.
"KCB Group, East Africa’s largest bank by assets, aims to raise Sh10 billion through a rights issue to boost the lender’s thinning capital levels."
Banking watchdogs across Europe have begun checking whether lenders have ties to a massive document leak from Panama that showed how offshore companies are used to stash clients' wealth.
"Banking watchdogs across Europe have begun checking whether lenders have ties to a massive document leak from Panama that showed how offshore companies are used to stash clients' wealth."