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13/05/2015

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31/03/2015

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04/03/2015

Uganda: Banking, Insurance Expo Set for March 26 http://wp.me/p5Qed0-2s

Preparations for the seventh annual banking, finance and insurance expo are underway. This year's expo, under the theme; 'Leveraging on digital financial platforms to reach and retain consumers', is set for March 26 to 28 at the Uganda Manufacturers Association (UMA) Exhibition hall, Lugogo. The expo is expected to bring together different players to raise public awareness about financial products. According to a press statement from Royalway Media, organisers of the expo, Uganda's financial sector is hampered by the challenges of low service uptake of services due to limited knowledge of the sector. [ 154 more words. ]

04/03/2015

Fashion designers to access Equity Bank’s Sh100 million facility http://wp.me/p5Qed0-2m

A group of 40 upcoming fashion designers have graduated from an Equity Bank,organized financial literacy course, setting the stage for their formal entry into the world of business. The 40upcoming designers, who were also the finalists in the bank’s Vijana Na Equity;Design your Destiny, fashion design competition, successfully underwent a 30 hourscomprehensive financial training program custom designed for players in the creative sector. [ 102 more words. ]

04/03/2015

Search Begins for New Kenya Central Bank Governor http://wp.me/p5Qed0-2g

Nairobi — DR Haron Sirima is likely to be appointed the new Central Bank of Kenya Governor following the expiry of Prof Njuguna Ndungu's term on Tuesday. Sirima, whom analysts gave a nod ahead of fellow nominees, is currently the Deputy to Ndungu who has been at the helm for eight eventful years. Geoffrey Mwau, Economic Affairs Director at the National Treasury, Isaac Awuondo, Managing Director of Commercial Bank of Africa, and Rose Ngugi, an adviser at the International Monetary Fund make up the broader list of nominees. [ 162 more words. ]

04/03/2015

NIC Bank-Kenya lifted by rising interest income http://wp.me/p5Qed0-2c

Nairobi - Rising interest income helped Kenya's NIC Bank to a 24 percent jump in full-year pretax profit, it said on Wednesday, adding that it sees further growth being driven by targeting retail customers and small and medium-sized businesses. The bank, which also operates in Tanzania and Uganda, said 2014 pretax profit of 6.23 billion shillings ($68.4 million) was helped by an 18 percent rise in interest income to 11.4 billion shillings. [ 48 more words. ]

04/03/2015

Barclays Africa FY earnings up 10 pct, eyes Nigeria licence http://wp.me/p5Qed0-29

JOHANNESBURG (Reuters) - Barclays Africa Group has applied for a Nigerian banking licence and wants to take over the Egypt and Zimbabwe units still ran by its parent company, it said on Tuesday after reporting higher profits. Like other South African companies, banks in the continent's most advanced country are setting up operations in sub-Saharan Africa to tap growth from the robust economies there and hedge against stagnating growth at home. [ 307 more words. ]