The latest approvals add to earlier clearances from the Prudential Authority of the South African Reserve Bank, leaving only a handful of regulatory conditions outstanding before the transaction...
By
Vincent Owino
Business & Technology Reporter
Nation Media Group
The proposed acquisition of a 66 percent shareholding in NCBA Group by South Africa’s Nedbank Group has secured unconditional approval from two key regional competition regulators, moving the cross-border banking deal a step closer to completion.
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NCBA will help Nedbank diversify its business, which currently comprises operations in six southern African markets.
The tier-one lender said profit after tax rose to Sh6 billion in the three months to March 31, up from Sh5.5 billion a year…
Only investors with 7,520 NCBA shares or more have been offered cash-and-stock compensation to meet the condition of holding at…
NMB Bank has entered a new phase of growth, signalling plans to expand beyond Tanzania after shareholders approved a share…
Two of Kenyas wealthiest and most influential business families are poised to receive a combined payout worth approximately $170…
The Central Bank of Nigeria has approved Abbey Mortgage Bank's conversion to a regional commercial bank, now Abbey Bank Plc,…
