The global rating agency Fitch has rated banking regulation in Nigeria, South Africa, Morocco and Kenya among the strongest in Africa. Outside these countries, most banks report according to local accounting standards, and transparency is limited, reports BusinessDay South Africa. The ratings of many African banks incorporate operating risks from […]
Tag: Kenya
Old Mutual eyes Africa profit boost as ramps up investments
Anglo-South African financial services group Old Mutual Plc plans to raise the share of profits generated by its African business to 15 percent by the end of next year from 10 percent at present, the firm said on Wednesday. The group has already spent a quarter of its $500 million […]
CMA to engage stakeholders on master plan
The Capital Markets Authority (CMA) Board has Tuesday approved the public exposure of the draft Capital Markets Master Plan. The Master Plan is expected to guide the development of the Kenyan capital market over the next ten (10) years, and the Authority has been compelled to invite comments from members […]
