Uchumi Bank Dividends Rise to 1bn/-

The Uchumi Commercial Bank (UCB) has clicked 10 years since its establishment with shareholders getting about 1bn/- in dividends. UCB Board Chairman, Mr Wilson Ndesanjo, said that the bank that was established in September 2005 with a 372m/- capital is now worth 4.6bn/-. Mr Ndesanjo said the bank owned by the Evangelical Lutheran Church of

CRDB Share Rallies Ahead of Right Offer

Dar Es Salaam Stock Exchange (DSE) has positively received CRDB Bank right offer pushing its share price up by 1.2 per cent in a week to 420/- up from 415/-, after shareholders approved the issue. Tanzania Securities Weekly Commentary shows that bank counter accounted for 36 per cent of the total turnover and 99 per

Proposed Acquisition by Optimal Payments of Skrill to Create Leading Global Player in Online Payment and Digital Wallet Services

Optimal Payments Plc, a global provider of online and mobile payment processing services, has entered into an agreement to acquire Skrill Group from CVC Funds and other shareholders, for an enterprise value of approximately €1.1 billion (US$[1.2] billion). The Skrill Group is one of Europe’s leading digital payments businesses providing digital wallet solutions and online

Bank of Ghana and Fidelity Shareholders Approve Fidelity Bank’s Acquisition of ProCredit Ghana

The Bank of Ghana has approved the acquisition of ProCredit Ghana by Fidelity Bank. This follows Fidelity Bank’s shareholders’ approval at its extraordinary General Meeting on 23rd September, 2014. Following these approvals, Fidelity Bank has acquired 100% ownership of ProCredit Savings and Loans Company Ltd. (“ProCredit Ghana”) from its current two shareholders ProCredit Holdings and