BusinessCompanies

Wed,22Nov2017

Companies

Glencore interested in buying Shell assets in Nigeria

Commodity trader and miner Glencore confirmed on Tuesday its interest in buying oil assets that oil major Shell is selling in Nigeria.

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Morocco's Attijariwafa Bank looks to boost Islamic finance

Attijariwafa bank's Managing Director Ismail DouiriAttijariwafa Bank, one of the biggest banks in North Africa, will boost its Islamic subsidiary as soon as the Islamic finance bill passes parliament, its managing director said.

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Kenya Power H1 pretax profit up 17 percent

Kenya Power on Thursday posted a 17-percent rise in pretax profit to 4.19 billion Kenyan shillings for the six months to the end of December helped by higher revenue and despite a jump in finance costs.

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Kenya's KCB Bank posts 17 percent rise in 2013 pretax profit

Kenya's KCB Bank posted a 17 percent jump in pretax profit to 20.1 billion shillings, boosted by a strong performance from its Kenyan business.

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New capacity to finance big-ticket projects -

Phillips Oduoza - Managing director, United Bank for Africa Group. Photo©UBAAfter the crisis in the Nigerian banking sector in 2008 and 2009, UBA's capital base has grown sufficiently to fund projects in areas such as electricity and oil and gas.

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Insurance: Cameroon's Chanas launches a new beginning

Photo©Jean Pierre KepseuThe company looks to modernise after ousting its founder as chief executive.

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Infrastructure: Liquid Telecom goes local

the nairobi data centre is the largest in east africa. Photo©Jonathan cole photography ltdLiquid Telecom, a Mauritius-based group, has built Africa's largest fibreoptic network stretching 15,000km across Southern, Eastern and Central Africa, and is now shifting its strategy towards linking homes and businesses to broad-band networks.

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