Tag: profits

Is handling cash too expensive for Rwandan banks? Ted Kaberuka unpacks the argument

In Rwanda, the cost of handling cash is said to be higher than the profits of the all local banks with the exception of Bank of Kigali. On average, the financial institutions spend between 18 and Rwf20 billion annually managing money. Ted Kaberuka, Economic Analyst joins CNBC Africa to share on this and the solution.

Victor Otieno emphasises transparency in insurance products: A recap of Kenyan business headlines

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.

Master Drilling posts steady first–half results

Master Drilling delivered steady interim results with a strong performance recorded locally. The global drilling company reported profits worth $9.7 million for the six months ended-June. Revenue increased by 11.3 per cent to $67 million. Joining CNBC Africa is Danie Pretorius, CEO of Master Drilling.

The impact of IFRS 9 on bank earnings

The impact of IFRS 9 on bank earnings

Cashbuild sees revenue rise but profit disappoints

Cashbuild sees revenue rise but profit disappoints

Dangote profit increases in first-half of 2017

Dangote profit increases in first-half of 2017

Kenya says will raise tax rate on gambling to 35 percent

Kenya's president signed a law that raises the tax rate on gambling.

Capital expenditure by top global miners at record low: report

Large global mining companies have cut back on investments despite a turnaround in profitability.
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