Dollar crisis earns Kenya banks Sh52bn amid consumer woes

Economy Dollar crisis earns Kenya banks Sh52bn amid consumer woes Tuesday November 29 2022 US dollars and the electronic currency display board at Bay Forex Bureau along Kenyatta Avenue. PHOTO | DIANA NGILA | NMG Commercial banks’ earnings from foreign exchange trading for nine months through September nearly doubled on higher demand for the dollar … Read more

Equity recovers 90pc of Covid restructured loans

Capital Markets Equity recovers 90pc of Covid restructured loans Monday November 28 2022 Equity Group headquarters in Upper Hill, Nairobi. PHOTO | NMG Equity Bank’s borrowers who were given loan repayment moratoriums worth Sh171 billion during the Covid-19 pandemic have fully repaid or resumed servicing 90 percent of the facilities, reflecting the continued return to … Read more

South African firm taps Igathe for top job

Companies South African firm taps Igathe for top job Wednesday November 23 2022 South African firm Tiger Brands has tapped Polycarp Igathe as chief growth officer. FILE PHOTO | NMG South African firm Tiger Brands has tapped former Nairobi gubernatorial candidate Polycarp Igathe as chief growth officer for all its markets effective December 1. Mr … Read more

Equity tops East African banking rivals

Companies Equity tops East African banking rivals Wednesday November 02 2022 Equity Group headquarters in Upper Hill, Nairobi. PHOTO | NMG Equity Bank Group has been named the top lender in the region by capitalisation, reflecting the room it has to fund businesses. The ranking by African Business, based on the tier-one capital buffer, has … Read more

Nigerians sue over Sh1.4bn Flutterwave cash frozen in Safaricom, banks

Economy Nigerians sue over Sh1.4bn Flutterwave cash frozen in Safaricom, banks Friday September 23 2022 The Nigerians said in a petition that they were swindled of billions of shillings through a sports betting platform that used Flutterwave to process the payments. PHOTO | POOL More than 2,000 Nigerian investors have petitioned the Kenyan courts to unfreeze … Read more