Uganda is set to join Kenya and Nigeria in developing derivatives trading as the nation’s markets regulator approved plans for another bourse in East Africa’s third-biggest economy. ALTX Africa Group Ltd., based in Port Louis, Mauritius, may open the exchange in the fourth quarter, Keith Kalyegira, chief executive officer for […]

Shareholders of Zenith Bank Plc have urged the incoming Managing Director of the bank, Mr. Peter Amangbo, to do all in his capacity to ensure that the bank remains a top financial institution in the country and beyond. The shareholders, who said this in Lagos on Wednesday at the company’s […]

Nigeria’s Diamond Bank said on Wednesday it will seek shareholders’ approval to raise additional capital up to $750 million or its naira equivalent at its general meeting on April 24. In a notice to shareholders, the bank said a portion of the fresh capital will come from a rights issue […]