Nigeria’s central bank issues new guidelines to further regulate MMOs
Regulatory changes were made in this regard previously in 2015...
Tag : Africa banking
Kenyan banking group I&M enters Uganda with Orient Bank acquisition
The group will acquire a 90% stake in Orient Bank from UK-based investment group 8 miles LLP and Morka...
Kenyan banking startup Tanda announces expansion after funding round
The startup plans to expand regionally as well as to Rwanda, Uganda and Tanzania...
Nigeria to liquidate 42 microfinance banks
Authorities are verifying the claims of stakeholders of the 42 MFBs that lost their licenses...
Caritas Microfinance Bank joins Kenya Bankers Association
Straps: With that, the total number of members in the association has reached to 47 banks...
Family Bank records Sh638.5 mn in profits during H1 2020
The bank is closely working with county governments to assist those affected by the pandemic...
Equity Bank seeks to become trillion shilling over next two years
The bank is close to completing the Democratic Republic of the Congo commercial bank transaction...
Equity Bank terminates acquisition talks with Altas Mara
The protracted pandemic and the uncertainty that follows has forced the bank to end acquisition of four banks in Zambia, Mozambique, Tanzania and Rwanda...
Standard Chartered launches 8 African digital-only banks within a year
The decision to launch digital-only retail banks was driven by increasing consumer demand...
Kenya’s National Bank gets a Sh5bn lifeline from KCB Group
With a staggering Sh32bn in non-performing loans, the National Bank of Kenya was struggling to stay afloat...