In September, Ethiopia’s Council of Ministers passed a landmark decision to open the banking sector to foreign investors.
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NCBA Bank has seven branches in western Kenya.
Operating across all Kenyan cities, Solv is backed by SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm.
Equity Group Holdings Plc through Equity Bank (Kenya) Limited, announced that it had entered into an Assets and Liabilities purchase agreement with Spire Bank Limited for purchase of certain assets and liabilities.
The US remains the largest source of remittances into Kenya, accounting for 59 per cent of money sent back home in the month under review.
Uganda rose two places to fourth, while Namibia and Kenya improve their ranking within the top 10. Scores for these three countries primarily rose due to progress in adopting ESG policies and frameworks.