Tuesday, March 28, 2017
Barclays

Barclays Opens New Branch In Kenya

Barclays Bank has expressed confidence in the growth of business in Kenya and said it is here to stay. This follows a recent announcement by the bank’s parent company, Barclays PLC, to scale down operations...
Remittance

The World Bank Appoints Abyrint to Improve Remittance Flows to Somalia

The past two years have seen closure of bank accounts of Somali remittance companies by many banks in the US, UK, Canada and Australia due to the purported risk of money laundering and links...

200 SMEs to Benefit From Stanbic Mentorship Programme

 In a bid to support growing business, Stanbic Bank Uganda is sponsoring a mentorship programme aimed at providing advisory services, basic book keeping and accounting practices and mentoring support to enable owners of Small...

Firstrand Bank, South Africa, Raises N50bn For REDF In Nigeria

South African bank, FirstRand Bank Ltd said the property unit of its investment banking arm has raised $203 million (about N50billion) for its Real Estate Development Fund (REDF) and for developing real estate assets...

AfDB To Fund SMEs Listing On GAX

The African Development Bank (AfDB) said it is ready to support the listing of Small and Medium Scale Enterprises (SMEs) on the Ghana Alternative Exchange (GAX) with an interest-free funding of US$600,000 over a...

Botswana’s Standard Chartered Now Provides Full Funding On Property

Standard Chartered Bank Botswana now provides full funding for acquisition and building of property. Botswana Guardian reports that the funding pattern makes the bank to become the first industry player to provide 100 percent funding...

Kenyans Await Kenyatta’s Decision on Banking Amendment Bill this Week

Kenyans expect President Uhuru Kenyatta to announce a decision this week, which will lay to rest speculations on bank lending rates. The Banking (Amendment) Bill, 2015, intends to regulate interest rates that are applicable to banks’...

Vigeo Eiris raises AfDB’s overall CSR rating from ‘Robust’ to ‘Advanced’ in 2016

The African Development Bank (AfDB) In July 2016 earned a notch upgrade on its Corporate and Social Responsibility (CSR) performance from Vigeo Eiris one of the world’s leading rating agencies. After completing its biennial assessment...

KCB And Goswiff Unveil A Mobile Payment Solution In Kenya

KCB and the global mobile commerce and marketing solutions provider GoSwiff have launched a high performance mobile bluetooth card reader that will improve mobile payment for Kenyan merchants. According to KCB retail director Annastacia Kimtai,...

BoI to Partner Entrepreneurs on Intervention Initiatives

Bank of Industry has expressed its readiness to partner entrepreneurs in tailoring its funding initiatives to achieve greater economic impact. The development bank has urged its customers and would-be beneficiaries to come forward with inputs...