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Network International (Network), a leading enabler of digital commerce across the Middle East and Africa (MEA) region, has launched innovative in-person payment solutions in Kenya, as part of its plans to transform payment across Africa. “Launching our point-of-sale solutions is part of our strategy to enter the in-person payments market in Kenya. As a...
African Development Bank (AfDB): AFRICA24 Group Brings You Live Coverage of the 2025 Annual Meetings From May 26 to 30, 2025, Côte d’Ivoire will host the Annual Meetings of the African Development Bank (AfDB) — a strategic event that sets the major directions for economic development, investment, and cooperation across the continent. During this summit, the...
Rene Awambeng, Founder and Managing Partner of Premier Invest, will be a featured speaker at this year’s African Energy Week: Invest in African Energies conference, taking place on September 29-October 3 in Cape Town. With a reputation as one of Africa’s leading energy financiers, Awambeng brings decades of experience in mobilizing capital and structuring deals across oil,...
Ecobank (www.Ecobank.com), the leading private pan-African financial services Group which has unrivalled African expertise, is delighted to have been named Best Bank in Africa 2025 in Global Finance’s World’s Best Banks 2025 Awards. The Awards also selected Ecobank Gambia and Ecobank Togo as the Best Banks 2025 in their respective countries.  Jeremy Awori, Chief...
Géraud Moussarie, Managing Partner of business consultancy firm Sustainable Partnerships Ltd., has joined the African Energy Week (AEW): Invest in African Energies conference as a speaker. Taking place September 29 to October 3, 2025, in Cape Town, the event is the largest of its kind on the continent. With a vision to facilitate industry cooperation and support...
Chartered Institute of Management Accountants (CIMA) unveiled its CGMA Professional Qualification syllabus (https://apo-opa.co/4mFtrGl) for 2026. This upgrade is designed to prepare students for the future of work and meet the growing expectations of modern finance professionals to be high-performance finance business partners capable of utilising technology and applying critical thinking skills.  The emphasis on...
The increase in the operating income was more than the rise in operating expenses to Sh1.07 billion from Sh905. 2 million, helping HF to more than double its profit in the period where the sector’s earnings slowed. The performance defied an environment of falling interest rates on loans in line with sustained decline in Central Bank Rate. Returns on government paper have also been falling even as foreign exchange income also softened on the back of reduced volatility on the shillings’ exchange rate. HF booked an 87.6 percent rise in income from securities to Sh595.97 million from Sh317.9 million while income from loans and advances grew to Sh1.18 billion from Sh1.16 billion. Operating expenses were driven by a rise in staff costs to Sh511.22 million from Sh437.21 million, even as the provisioning for loan losses eased to Sh110.43 million from Sh109.1 million. HF’s total deposits rose by 16 percent to Sh50.11 billion from Sh43.75 billion, which the lender attributed to increased market confidence after the recent rights issue. The balance sheet grew by 18 percent to Sh73.4 billion.
HF Group's net profit for the first three months of trading ended March 2025 rose 2.2 times to Sh327.93 million on the back of increased interest and non-interest income. The growth in net earning from Sh150.34 million came in the quarter HF’s net interest income rose by 14.6 percent to Sh989.75 million from Sh677.33...
Equity Group posted Sh14.8 billion net profit for the first quarter ended March 2025, marking a 3.86 percent decline on the back of falling non-interest income. The net earnings retreated from Sh15.39 billion posted in the preceding similar quarter and came in the period net profit from subsidiaries in Rwanda, Uganda, South Sudan and Democratic Republic of Congo posted reduced earnings. The group’s non-interest income fell by 11.8 percent to Sh19.61 billion even as net interest income rose by 2.6 percent to Sh28.57 billion.
Equity Group posted Sh14.8 billion net profit for the first quarter ended March 2025, marking a 3.86 percent decline on the back of falling non-interest income. The net earnings retreated from Sh15.39 billion posted in the preceding similar quarter and came in the period net profit from subsidiaries in Rwanda, Uganda, South Sudan and...
Absa Bank Kenya has reported a 3.6 percent growth in profit after tax for the three-month period ended March riding on cost cutting. The subsidiary of South Africa-based Absa Group reported a net profit of Sh6.1 billion for the first quarter, up from Sh5.9 billion in a similar period a year earlier.
In a powerful speech at Consensus 2025, crypto's most influential event, Buchi Okoro, CEO and Co-founder of Quidax (www.Quidax.io), delivered a message for global collaboration to unlock Africa's potential. Sharing his personal journey and highlighting the transformative power of crypto on the continent, Okoro called on the global community to join Quidax in building the future of...
Ecobank, the leading private pan-African financial services Group which has unrivalled African expertise, is delighted to have been named Best Bank in Africa 2025 in Global Finance’s World’s Best Banks 2025 Awards. The Awards also selected Ecobank Gambia and Ecobank Togo as the Best Banks 2025 in their respective countries.  Jeremy Awori, Chief Executive...
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