Markets
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Absa Group Stake in Kenyan Subsidiary up 71.99% to 189 Million Shares
Absa Group has acquired 189.38 million Absa Bank Kenya shares, equivalent to a 3.49% stake, after only 2,045 of the…
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UAE’s Payit Rolls Out Send Now, Pay Later for Africa on Buoyed Remittances
First Abu Dhabi Bank’s digital platform Payit has launched Send Now Pay Later (SNPL) for African market, against the backdrop…
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Equity Group H1 2026 Profit up 32% to Ksh.45.5 Billion
Equity Group Holdings has reported a 32 percent rise in net earnings for the first six months of the year,…
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Absa Bank Kenya’s Bad Loans Down 17.8% as Loan Book Hits Record Ksh.329.87 Billion
Absa Bank Kenya PLC in its H1 financials saw an improvement in the asset quality, when gross non-performing loans fell…
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Kenya Hit as Rwanda Suspends Over 50 Alcohol Brands
Rwanda’s drug regulator has temporarily suspended the importation of more than 50 liquor brands sourced from across the region and…
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Nedbank Secures 79% Shareholder Support to Acquire NCBA Group
South Africa’s Nedbank has secured overwhelming shareholder support for its planned acquisition of a 66% stake in Kenya’s NCBA Group.…
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European Bank Forays into Senegal With €15 Million in Trade Finance Deal
The European Bank for Reconstruction and Development (EBRD) has made a foray into Senegal, after the board approved a trade…
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Central Bank of Nigeria Revokes 47 Licenses of Microfinance Banks
The Central Bank of Nigeria (CBN) went on a volley Wednesday when it revoked licenses belonging to microfinance banks in…
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Rock Investment Bank Acquires Majority Stake in Nabo Capital as Centum’s Holding Drops to 40%
Rock Investment Bank has acquired a majority stake in Nabo Capital Limited, meaning Nabo Capital will no longer sit within…
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Vodacom Acquires Majority Stake in Safaricom to Majority Shareholding
Vodacom Group has completed the acquisition of an additional 20% effective stake in Safaricom PLC, increasing its shareholding to approximately…
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