Africa Finance Daily

Bloomberg
National Bank was the only publicly traded lender in Kenya to report a drop in profit in 2012. Net income dropped 53 percent to 729.8 million shillings as earnings from interest on loans dipped 6 percent to 4.77 billion shillings. Results in the first …

The Standard Digital News
Outgoing World Bank lead economist, Wolfgang Fengler observed that expansion of the labour force would be achieved on the basis of increased budgetary allocation to infrastructure development. He said more jobs would be created in the country in the …

AllAfrica.com
Uchumi t will be the eighth Kenyan company to cross list in other East Africa countries. The others cross-listed ones are Kenya Airways, Kenya Commercial Bank, Nation Media Group, Diamond Trust Bank, East Africa Breweries, Jubilee Insurance and Centum …

AllAfrica.com
The finance minister explained that Nigeria’s current foreign debt was insignificant and could not create problems for the country as it is just 12 per cent, with the remaining 88 per cent as domestic debt. “We had four options. One option is to …

Bloomberg
United Bank for Africa Plc, Nigeria’s fifth-largest lender by market value, plans to increase loans by as much as 40 percent this year to fund oil, power and manufacturing projects. “We have some deals in the power sector,” besides investments in “oil …

The Africa Report
With high overheads and poor access to loans, SMEs are suffering. The central bank has launched several risk-sharing schemes to try to boost the sector. Nigeria’s banking sector has turned a corner. Lenders are boasting about bumper profits, continuing …