The lender increased its holding through a capital injection and the buyout of minority shareholders, signalling confidence in Tanzania’s banking sector.
By
Edna Mwenda
Business Reporter
Nation Media Group
I&M Group spent Sh1 billion last year to acquire an additional 17 percent stake in its Tanzanian banking subsidiary through a capital injection and the buyout of other investors.
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I&M achieved a 24.8 percent growth in total operating income over the three-months period to Sh16.1 billion from Sh12.9 billion…
The lender expanded its workforce and branch network across East Africa as customer numbers and profits continued to grow.
Kenya’s tier-1 banks have largely exhausted the pool of new digital users, and I&M Group’s disclosure that 98% of its customers…
NMB Bank Plc has signed two strategic financing agreements worth a combined $180 million (over Sh450 billion) with International…
NMB Bank Plc has signed two strategic financing agreements worth a combined $180 million (over Sh450 billion) with International…
IFC said the project seeks to expand lending to higher-risk and underserved borrowers in Kenya, helping unlock more…
