Africa’s major currencies expected to remain stable amid slow activity in financial markets
Zambia’s kwacha is expected to be trade around its current levels but some analysts said it could gain further out as the economic outlook improves. On Thursday the kwacha was quoted at 24.39 per dollar from 24.45 a week ago.
Equity Bank hits $9.3 billion capital base – the biggest in eastern Africa
Kenya’s Equity Bank has crossed the Ksh1,000,000,000,000 ($9,259,259,260) rubicon, becoming the first bank in East and Central Africa to cross this psychological barrier. Equity, Kenya’s largest bank by customer base, announced that it had reached the milestone following successful migration of Banque Commercial Du Congo (BCDC) to Equity’s Finacle core...
