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Category "Finances"

    Africa’s economy resilient – World Bank

Africa’s economy resilient – World Bank

Economic activity in Sub- Saharan Africa remained robust in 2013, highlighting a significant increase in capital inflows and net direct foreign investment (FDI) inflows, the World Bank said in a report on Monday. In its latest Africa's Pulse report highlighting the continent’s economic prospects, the World Bank said the growth was [...]

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Postal Bank Tanzania curbs bad debts

Although defaulting remains to be the major challenge to most lending institutions, the Tanzania Postal Bank (TPB) has managed to keep low its Non Performing Loan (NPL) at four per cent which is below the industry rate of around seven per cent. This was said in Dar es Salaam on Tuesday [...]

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Tanzania: Demand for 5-yr bond low, despite higher yield

Hiking of yield rate on the 5-year maturity bonds failed to attract investors’ attention the situation that resulted into the government note to register slim oversubscriptions. Slight tight liquidity in the market and fulfillment of obligations of the forthcoming Easter festivals explain among others, some of the reasons for the performance [...]

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Equity Bank to launch telecoms platform in May

  Equity Bank to launch telecoms platform in May

Kenya: Preparations are in top gear for Equity Bank to unveil a new mobile banking platform that could upset dominant players already calling the shots in this segment. The move will put [...]

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Kenya: National Bank eyeing SMEs for expansion

  Kenya: National Bank eyeing SMEs for expansion

Kenya: National Bank has launched a business club as it seeks to strengthen its foothold in the small and medium enterprise (SME) sector. Through the National Business Club, the bank intends to [...]

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Exim Bank unveils ‘Vision 2016’

  Exim Bank unveils ‘Vision 2016’

Exim Bank Tanzania Limited has embarked on implementing its Vision 2016 that seeks to double its balance sheet and increase market share in deposits by 2016. Being the sixth largest bank [...]

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Postal Bank focuses on financial inclusion

  Postal Bank focuses on financial inclusion

The Tanzania Postal Bank (TPB) has posted robust growth of about 18 per cent in the year ended 2013, with its net profit jumping to 4.73bn/-, up from 4.07bn/- registered [...]

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NBC Bank makes 14.3bn/- pre-tax profit

The National Bank of Commerce (NBC) has announced a gross profit of 14.3bn/- from its operations in the 2013 financial year, up from 3.9bn/- recorded in 2012. The profit posted represents [...]

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EAC stock markets move to harmonise legal regimes

  EAC stock markets move to harmonise legal regimes

Free movement of capital and tradable securities at the regional level could soon be a reality once the legal frameworks governing the regional capital markets are harmonised, Robert Mathu, Rwanda’s [...]

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