Nedbank Cleared to Buy Two Thirds of Kenya’s NCBA for US$842 Million
Kenya's central bank has approved Nedbank's R13.9 billion (US$842 million) acquisition of up to 66% of NCBA Group. What shareholders...
September 1, 2026Topic
Banking
Ethiopia’s Currency Auction Went From 28 Bidders to Five in Two Weeks
The Ethiopia forex auction drew 28 banks on 12 August and only five on 26 August, with total bids down...
September 1, 2026
Eight Million Kilos of Kenyan Tea Are Stuck in Mombasa
Kenya tea Iran shipments fell 40.7 percent in the first quarter and about 8 million kilos now sit in Mombasa,...
August 29, 2026
I&M Group Cleared US$79 Million, Led by Rwanda and Uganda
I&M Group made Sh10.2 billion after tax in the six months to June, with Rwanda and Uganda growing fast while...
August 28, 2026
Afreximbank’s Profit Rose 30% in a Rough Year for Its Members
Afreximbank half-year results show net income of US$534.7 million, up 30%, with loans at US$35.4 billion and the bad-loan ratio...
August 26, 2026
Tunisians Hold More Cash Than the Central Bank’s Net Assets
Tunisia cash in circulation crossed 30.040 billion dinars on 21 August 2026, larger than the central bank's net foreign assets...
August 25, 2026
Mozambique Halved the Card Limit Abroad and Made It Permanent
The Mozambique card payment limit fell from six million to three million meticais a year on 28 July 2026, and...
August 25, 2026
Egypt Lets You Open a Bank Account Online
Egypt's central bank has issued rules for opening a bank account remotely, without visiting a branch. Here is what the...
August 24, 2026
Kenyan Banks Hold US$17 Billion of Their Own Government’s Debt
Kenya banks government debt holdings run to about KSh 2.2 trillion, or US$17 billion, which the World Bank puts at...
August 23, 2026