It has been a busy couple of months for Access Bank. On 21 March, the bank announced plans to acquire Kenya Commercial Bank’s stake in the National Bank of Kenya . More recently, on 19 April, shareholders at Access Holdings, the bank’s parent company, agreed on plans to raise around $1.8bn, with analysts saying part of the funds may be used for the NBK acquisition. Some $1.5bn will come through a share sale or bond offering, and N365bn through a rights issue.
Instead of trying to beat Transsion in volume in Africa, the Korean telecom giant is targeting urban, middle-class consumers who can afford to pay $20...Currency fluctuations against the dollar have caused huge losses for foreign companies, with some groups even exiting Nigeria and Kenya. Is the relati...A report from Oakland Institute found that funding has supported human-rights violations including murder, rape, forced displacement and cattle seizur...