Good Morning Africa

Commercial international bank expands into Kenya.

February 13, 2024 The K Financial Season 3 Episode 36
Good Morning Africa
Commercial international bank expands into Kenya.
Show Notes

🎙 What are the key driving forces that will shape the long-term future of cybersecurity?

🎙The JSE All Share index was slightly down to 73,315. 

🎙Uganda’s central bank raised 1.3 trillion shillings ($339 million) in a rare private placement Treasury bond auction against a target of 1.5 trillion shillings.

🎙The annual inflation rate in Senegal accelerated to 2.1% in January 2024 from an over two-year low of 0.8% in the previous month.

🎙Egypt's largest private lender, Commercial International Bank (CIB), is looking to expand operations in Kenya in a bid to tap into the growing trade between Kenyan enterprises and the North African state.

🎙The African Development Bank Group has announced a follow-up equity investment of $15 million in the Trade and Development Bank Group (TDB Group) to support clean technology and low-carbon projects in its member states.