Tag: equity bank
Rwanda has signed a financing agreement with the USAID worth about $643.8 million to support Rwanda’s development efforts in the next five years. Moreover, Rwanda Convention Bureau announced the reopening of meetings and conferences. Edwin Ashimwe, Journalist with The New times joins CNBC Africa for more.
With on-going continued revisions of economic projections, many are looking at the commercial banks as their safety net to help businesses bounce back. But is this feasible and will it become the new normal? CNBC Africa spoke to the M D of Equity Bank, Rwanda, Hannington Namara for more.
Equity Bank is in talks to acquire a 66.5 per cent stake in a top bank in the Democratic Republic of Congo (DRC), Banque Commerciale du Congo. The Nairobi Securities Exchange-listed bank said it will pay $105 million in cash for the 625,354 shares owned by George Arthur Forrest family inclusive of dividends that the bank will declare after 1 January. Analyst, Odhiambo Ramogi joins CNBC Africa for more.
Kenya has seen an active few days in business headlines, from Kenyan lender, Equity Bank, looking to acquire Banque Commercial du Congo, to a drop in cumulative insurance profits, to the Kenyan Revenue Authority (KRA) possibly reducing tax incentives to manufacturers, to unpack it all, Analyst and SME Consultant, Victor Otieno joins CNBC Africa for more.
Equity Bank Rwanda launches digital banking solutions
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