Last month, Equity Group released its 2021 financial results and reported a record performance. The bank recorded a 99% growth in Profit After Tax to Kshs 40.1 billion from Kshs 20.1 billion, 29% growth in balance sheet to Kshs 1.305
Zanaco has recorded the highest profit after tax in the history of the bank and the industry resulting in bank becoming the leading commercial bank in Zambia. Speaking at the post results AGM briefing, which was held on 30 March 2022,
Name: Hugo Azevedo Title: Senior Investment Director When did you join Arise and why? I joined in July 2017, six months after the official launch. I had been working in banking across sub-Saharan Africa for regional banks. Whilst this was a very
FMO and Sidian Bank announced the signing of a USD 15 million NASIRA loan portfolio guarantee last month. This facility under the NASIRA program, will strengthen Sidian Bank’s ability to provide financing to MSMEs affected by the COVID-19 crisis in
Norfund increased investments by 10% to a record 5.3 billion NOK in 2021. “We’re proud that even in the middle of the pandemic we have increased our contributions toward job creation and fighting poverty”, said Norfund CEO, Tellef Thorleifsson. In the
Zambia National Commercial Bank (Zanaco) Plc has recorded the highest profits ever achieved by any commercial bank in Zambia, posting K1 billion Profit After Tax (PAT) in its 2021 financial year prudential results. The K1 billion PAT in the 2021 financial
In January, a life insurance license was issued to Equity Life Assurance (Kenya) Ltd (‘ELAK’) which is fully owned by Equity Group Insurance Holdings Limited (EGIHL), a subsidiary of Equity Group. The license will enable ELAK to provide life insurance
Ecobank Transnational Inc. (ETI) has reported a massive increase in its profit for the year 2021 to N143 billion, a 324% jump from N32.4 billion reported same period the previous year. The 2021 result translates recovery by the bank after suffering
NMB Bank Plc remains the most profitable bank in Tanzania according to the published Financial Statements for the year 2021, with the following key highlights. Profit before tax: TZS 420 bln, up 41% YoY Profit after tax: TZS 289 bln,
Name: Carla Bester Title: Head of Risk and Compliance When did you join Arise and why? I joined Arise in April 2019. My motivation for taking up the position was rooted in my passion for working across Africa and providing best in class
