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Tag: bank

River of Dollars Flowing From South Sudan Into Kenya, Uganda

“Kenya and Uganda have failed to stop the flow of illicit money through their economies and are now facing the…

Fraudster’s Bank Gets Bail-Out in Angola

“The notorious Angolan-Swiss fraudster, Jean-Claude Bastos de Morais, was remanded in custody in Angola last September to await trial on…

Kenya: Equity Bank Launches Online Forex Trading Platform

“Equity Bank has launched a new online forex trading platform dubbed EazzyFX in a move that seeks to harness the…

Kenya’s Family Bank’s PesaPap Surpasses Sh500 Million Mark in Loans Disbursed

“Family Bank’s Pesapap has surpassed the Sh500 million mark in loans disbursed, to both its customers and non-customers within a…

AfDB Approves U.S.$322 Million for Road Upgrading in Burundi and Tanzania

“The Boards of Directors of the African Development Bank Group have approved $322.35 million loans and grant to Burundi and…

Bank of Kigali to go into life insurance business

“The Bank of Kigali is expected to inject $22.6 million new capital into its subsidiaries as it seeks alternative revenue…

‘Hopelessly Insolvent’ VBS to Be Liquidated

“It took only minutes for the North Gauteng High Court to approve the liquidation of VBS Mutual Bank on Tuesday.”…

Grain banks in Kenya

“County governments are building or have built community grain reserves in more than 10 counties across Kenya over the past…

Nigeria: Nine micro finance banks lost their licence

“The National Association of Micro Finance Banks yesterday said that nine out of the 34 micro finance banks in Niger…

Kenya to create a mega development bank

“Kenya plans to merge three state-owned development financial institutions into a mega bank, in an attempt to raise funds for…

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