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Eastern Africa

Equity Bank Appoints Chief Officer of Finance, Innovation and Technology

Equity Bank has notified the NSE, Capital Markets Authority and CBK of its decision to reorganize its finance function both at the Group level as well as the Kenyan subsidiary. Read More →

Standard Chartered Kenya Reports Profits of KShs 2.7 Billion for the period ended 31 March 2013

Standard Chartered Kenya has announced a pre-tax profit of KShs 2.7 billion for the period ended 31 March 2013. Total income remained flat at KShs 5.4 billion with loans and Read More →

Barclays Bank Mauritius Restructures and Gets New Banking Licence

At a function held at the Bank of Mauritius Tower, the Bank of Mauritius (the Bank) granted a new banking licence to Barclays Bank Mauritius Limited, a locally incorporated wholly Read More →

Visa and Equity Bank Launch New Money Transfer Service: Visa Personal Payments

Visa in Kenya announced the launch of Visa Personal Payments (VPP) in collaboration with Equity Bank, East Africa’s largest commercial bank by customer base. Visa Personal Payments is a convenient, cost-effective Read More →

Kenyan Banking Sector Records Improved Performance in 2012

The Central Bank of Kenya says that generally, the banking sector was sound and stable and recorded improved performance in 2012 as indicated by Total net assets which increased by Read More →

Cambria Africa to Put US$2m into Payserv to Grow Payment Systems Offerings in Zimbabwe and Zambia

Cambria announced it has executed agreements with a subsidiary of Johannesburg based Nisela Capital (Nisela) relating to the placement of US$ 2 million in convertible debt into its Payserv subsidiary. Half Read More →

Nedbank Expands into Mozambican Banking Industry with Banco Unico

Nedbank is entering the Mozambican banking market by acquiring an initial 36.4% shareholding in Banco Unico for $24.4m, subject to various conditions and regulatory approvals both in Mozambique and South Read More →

Equity Bank Grows Profit Before Tax By 22 Percent and Customer Base To Over 8m

Equity Bank Group’s profits after tax jumped 22 percent to Kshs 3.21 billion from Kshs 2.63 billion posted within the same period last year. Despite a challenging business environment characterized by Read More →

Centenary Bank Unveils Mobile Banking Services for Its 1.3m Customers

Centenary Bank of Uganda has unveiled CenteMobile, a mobile banking service for its customers. The service supports funds transfers, account and statement queries as well as airtime purchases and bill payments. Read More →

FNB Mozambique Wins Award for Personal Banking Excellence

FNB Mozambique has been awarded the PMR.Africa Golden Arrow award 2013 for Personal Banking Excellence. The awards were conferred by PMR Africa (Performance Management Review), a research consultancy, at an Read More →
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