Multi-Million NCBA Deal Returns to Haunt Uhuru

The NIC-CBA merger in 2018 created NCBA - Kenya's third-largest bank by asset value. It was completed though a share swap, with NIC...

NCBA Q1 Net Profit Rises To Sh2.84 Billion

NCBA Group PLC has recorded an after-tax profit of Ksh2.84 billion for the first quarter ending March 31, 2021. This was an increase...

Interest in the small lender wanes over alarmingly bad liquidity position

The Commercial Bank of Africa and NIC Bank are set to begin operations as one entity, effective 1st October. Following their merger approval...

NIC bondholders to receive returns as medium term note matures on 12.5% interest

East Africa’s GDP growth is forecast to continue being the fastest growing economic bloc on the continent over the next two years, according...