Gideon Muriuki, the Chief Executive of Kenya based Cooperative (Co-op) Bank, has emerged as the best paid executive among his peers leading public listed companies, reports the Business Daily. He is potentially the highest paid CEO especially of listed companies in East Africa. Co-op Bank says in its annual report
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Ecobank has won two major awards at the African Banker’s prestigious ceremony held at the Paradise Hotel in Busan, South Korea. The bank was named Best Retail Bank in Africa after impressing judges with the strides it has made to leverage digital financial services and an enhanced service model, to
Read MoreThe Speaker of Ugandan Parliament, Rebecca Kadaga has revealed why she overruled her deputy Jacob Oulanyah to allow the Auditor General (AG), John Muwanga to audit the Bank of Uganda on the controversial closure of seven banks. “The Auditor General reported that for seventeen (17) years, there has been no
Read MoreBanking sector is one of the leading high paying jobs in East Africa. This is evidenced by earnings of CEOs of Kenyan banks. For example, National Bank of Kenya’s Chief Executive Wilfred Musau earned a total of KSh48 million (UShs1.77 billion) in the year ended December, representing an 80 per
Read MoreThe Ethics and Anti-Corruption Commission (EACC) is investigating former and current Central Bank of Kenya (CBK) officials for their role in the multi-billion shilling accounting fraud that felled Imperial Bank, Kenya based Business Daily reports. EACC deputy chief executive Michael Mubea said yesterday investigations into the activities of the unspecified
Read MoreBank of Uganda (BoU), the regulator of the banking industry is in a tight corner after recording unprecedented operating losses in the last few years. This state of affairs has left the Central Bank with less capital, a development that may adversely affect the banking industry and the economy at
Read MoreWinners of the 2018 African Banker Awards have been announced at a prestigious Gala Dinner in Busan, South Korea. The Awards, held annually on the fringes of the Annual Meetings of the African Development Bank, celebrate excellence in banking and finance on the African continent. East Africa dominated the awards
Read MoreBank of Uganda (BoU) has been tasked by John Muwanga the Auditor General (AG) to account for 25 properties that went missing following the takeover of Global Trust Bank (GTB) in 2014. BoU has also been ordered to place caveats on all the lost titles to protect the properties and
Read MoreBanking industry assets increased to Shs26.5 trillion in 2017, up from Shs22.5trillion recorded in 2016, Business Focus exclusively reports. According to 2017 financial statements for all the 24 banks obtained by this site, Stanbic is Uganda’s largest bank by assets. Its assets increased to Shs5.4 trillion in 2017, up from
Read MorePan-African Bank-Ecobank won the Best Digital Strategy Award at the Retail Banker International’s prestigious awards ceremony held at the Waldorf Hilton Hotel in London last week. Ecobank’s digital strategy leverages digitalisation for scale and ubiquity and is the key plank in its ambition to be the top consumer financial services
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