BY EABW REPORTER JOHANNESBURG, South Africa–Brand Africa in association with the JSE, today announced the Top 100 best brands in Africa on their 6th annual Brand Africa 100: Africa’s Best Brands at the JSE in Johannesburg. The US sports and fitness brand, Nike, is the overall 1 brand in Africa spontaneously recalled by consumers. South […]
BY EABW REPORTER KIGALI, Rwanda–The government of Rwanda through the National Bank of Rwanda (BNR) has successfully issued a 10 year bond worth 10.0 billion Rwanda Francs. The issuance has been successful with a remarkable subscription level of 293.46 from applications from different categories of investors. The book was opened on Monday May 21st, 2018 at […]
By Shadrack Kavilu Nairobi, Kenya–Over 903 suppliers registered by Kenya Revenue Authority under the Access to Government Procurement Opportunities (AGPO) programme are set to benefit from a financing facility from National Bank of Kenya (NBK). Following a Memorandum of Understanding signed between KRA and NBK, the bank has established a financing facility focusing on qualifying […]
Africa’s Energy sector to get financial support from Korea BY SAMUEL NABWIISO The Government of South Korea has promised to support the development of the energy sector in Africa; the support will be channeled through the Korean- Africa Power facility the Korean-Africa Energy Investment Facility (KEIF). The support deal was reached on by the government […]
BY EABW REPORTER BUSAN, Republic of Korea–Winners of the 2018 African Banker Awards have been announced at a prestigious Gala Dinner in Busan, South Korea. The Awards, held annually on the fringes of the Annual Meetings of the African Development Bank, celebrate excellence in banking and finance on the African continent. East Africa dominated the […]
BY PAUL TENTENA KAMPALA, UGANDA – The method of pricing treasury bills and bonds in the primary auctions will change to one of a single price from the current multiple prices with effect from July 2, 2018 according to the Bank of Uganda. In the single price method, the respective securities in the primary auction […]
BY SHADRACK KAVILU Nairobi, Kenya–Mauritius-based Cim Finance has launched a one stop mobile app “Aspira” for product financing for assets such as furniture, phones, and electronics amongst others. The app which was launched in Nairobi on Wednesday will be available on IOS and Android mobile platforms. The app will allow users to apply for credit, get […]
BY EABW REPORTER KAMPALA, UGANDA- Stanbic Bank in partnership with key stakeholders in the Oil and Gas sector have augmented their commitment to promoting increased local content participation with the graduation of 34 SMEs as the first cohort in the recently launched business incubator. The Entrepreneur Development Programme is purposed to equip Ugandan SMEs with […]
BY PAUL TENTENA Lusaka, ZAMBIA- COMESA Ministers of Justice and Attorneys General have approved new regional legal instruments among them, the COMESA Airspace Agreement and the Agreement on admission of Somalia to COMESA. The COMESA Airspace Agreement and its Enabling Regulations aims at achieving a seamless upper airspace for the region which will lead to […]
BY EABW REPORTER KAMPALA, UGANDA- Stanbic Bank and the Industrial and Commercial Bank of China (ICBC) have celebrated ten years of partnership by hosting a high level Business forum for members of the Ugandan/China Business community. ICBC, the world’s biggest bank, is the single largest shareholder in Standard Bank group having acquired a 20.1% stake […]
BY EABW REPORTER KAMPALA, UGANDA- Ecobank won the Best Digital Strategy Award at the Retail Banker International’s prestigious awards ceremony held at the Waldorf Hilton Hotel in London last week. Ecobank’s digital strategy leverages digitalisation for scale and ubiquity and is the key plank in its ambition to be the top consumer financial services franchise […]
BY SAMUEL NABWIISO KAMPALA, Uganda–DFCU bank has revamped its Omni-Channel –e Banking Platform with the aim of extending reliable and faster banking services to their customers across the country. The e-banking platform was first introduced in 2011 with the aim of delivering a convenient and seamless experience for customers using Feature phones, Smartphones and the […]
BY PAUL TENTENA KAMPALA, UGANDA–Uganda’s economy is expected to grow at 5.5 percent this year, rising above 6 percent all through to 2019, according to the World Bank’s 11th Uganda Economic Update launched in Kampala today. The improvement in performance, following two years of sluggish growth, is driven by agriculture and the services sectors. […]