Equity Banque Commercial du Congo (Equity BCDC) has launched its new identity following the successful merger of Equity Bank Congo (EBC) and Banque Commerciale du Congo (BCDC), to form Equity BCDC. The identity of the new bank reflects the coming together of the oldest and most established bank in DRC and Africa’s fastest-growing, most dynamic bank to shape a future where the people of the DRC will experience the freedom of modern banking. Former Managing Director of Equity Bank Congo, Celestin Muntuabu said, “Today marks a historic event in our country, when two legendary banks, with diverse strengths, have come…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Shares of Safaricom were trading higher on Thursday, surging up to 3.85 per cent on the Nairobi Securities Exchange (NSE) to Ksh 37.80 per share compared to Wednesday’s closing price of Ksh 36.40. As a result, the telco hit a market capitalization Ksh 1.52 Trillion The positive sentiment from investors was as a result of an interim dividend of KSh 0.45 per ordinary share worth KSh 18.029 Billion that would be paid out for the year ended 31st March 2021. The firm closed with a volume of 3,948,700 of the traded shares. ___________________________________________ Total Kenya led the gainers with 8.94%…
Air Namibia cancelled all flights and placed into voluntary liquidation on Thursday into what was described as being ‘unsustainable’, amid the coronavirus outbreak that’s wiped out travel demand globally. “The country’s economy can no longer afford to perpetually provide financial support to Air Namibia at the expense of supporting economic growth and critical social services,” Finance Minister Iipumbu Shiimi told a news confrence. Earlier, the state cancelled all the airline’s operations and ordered all the aircrafts to return to base. “Effective Thursday, 11 February 2021, all flight operations will be cancelled with all aircraft returning to base,” read a notice…
Safaricom has appointed Christopher Kirigua and Winnie Ouko to its board of directors. Christopher will serve as an alternate director to the Cabinet Secretary, National Treasury and Planning whereas Winnie will serve as an independent non-executive director. Christopher is the Director-General of Public-Private Partnerships at the National Treasury. Prior to that, he worked at the Standard Chartered Bank for more than 17 years until December 2020 when he joined the public service. While at Standard Chartered, he held several leadership roles including, Executive Director and Regional Head of Sustainable Finance for Africa and Middle East. He was also the co-chair…
Anglo-Dutch multinational KPMG has resigned as an external auditor of the Standard Group Plc. The Nairobi Securities Exchange-listed media house did not disclose the reasons KPMG had opted to resign. “Pursuant to Regulation G.05 (1) (b) of the Fifth Schedule of the Capital Markets (Securities) (Public Offers and Disclosures) Regulations, 2002 – amended 2019, the Board of Directors of The Standard Group PLC (“the Company”) wishes to notify the public of the resignation of KPMG Kenya as the Company’s External Auditor with effect from 8th February 2021,” read the notice in part as issued on Wednesday. “The Board takes this…
The Communications Authority of Kenya in collaboration with Safaricom, Airtel, Telkom Kenya, Jamii Telecommunication Ltd and the Global System for Mobile Communications (GSMA), launched an interactive portal aimed at creating a safer online environment for children, with tips for guardians. The portal was launched on Tuesday, February 9, as part of events in Kenya to mark Safer Internet Day. From cyberbullying to social networking, the annual Safer Internet Day aims to raise awareness of emerging online issues and chooses a topic reflecting current concerns. Establish rules It is important to first have a conversation with the child about the use…