Ecobank Kenya has raised its capital base to $65 million after injecting $27 million in fresh capital that will support the lender’s regional expansion plans, becoming the first bank to disclose capital injection in view of Kenya’s revised core capital requirements. The bank has received US$27.0 million capital injection following the Business Laws (Amendment) Act...
Trending
- Afreximbank launches $3 billion revolving facility for oil players
- Four Kenyans wanted by Nigerian authorities for CBEX hack
- IMF tough rules for Kenya’s new loan
- ARC Ltd and Klapton Re join forces to expand climate insurance across Africa
- Investors snub Ethio Telecom’s IPO, taking only 10.7 percent of shares offered
- Ruto bags $823 million in China
- Kenya’s KCB, Equity Bank to sell 30 percent stake in Congo subsidiaries
- Breaking: U.S cancels Kenya tour, after Ruto visit to China