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KCB Group reported a profit before tax of Sh20.1bn for the year 2013. Nairobi) In Summary The good performance by local banks however comes amid high interest rates that investors say threatens economic activities. advertisement Kenya Commercial
The contribution by the bank is equivalent to 1.2 per cent of the region's Gross Domestic Product (GDP). A recently released independent study which measured the social and economic impact of Standard Chartered's operations in Africa also looked at
In Summary advertisement Ryce East Africa, a local distributor of motorcycles from India's Hero MotoCorp, on Tuesday signed a deal where Equatorial Commercial Bank (ECB) will offer asset financing to potential motor bike buyers. To access the funds,
Robust results from companies that opened the reporting season on the JSE, a weak rand, stronger international markets and indications that the world economy is gaining momentum, has sent SA shares higher day after day last week, with main indices
Saudi food importers have begun raising their storage capacity in light of food price reductions at the global levels and, to avoid any adverse environmental or climatic conditions that may affect prices in the future, local media quoted dealers as
Africa Africa's economic performance over the last decade has been remarkable, having reached an average growth of 5%. If this growth is maintained, projections indicate Africa's GDP should increase approximately threefold by 2030 and sevenfold by
For months, I had put the buzzing responses to news comments regarding the drought to bed with flippant arguments such as Haven't we been in drought for decades? and Isn't southern Calif. always on fire anyway? I knew that my denial was rooted in the
U.S. consumer prices barely rose last month as a sharp rise in energy costs was offset by cheaper clothing, cars and air fares...The Labor Department says the consumer price index rose just 0.1 percent in January, down from 0.2 percent in December...
NZ producers' prices fall in fourth quarter on lower electricity demand Feb. 20 (BusinessDesk) New Zealand producers' input and output prices fell in the fourth quarter, driven by lower electricity prices as demand softened during warmer summer
The cost of producing goods and services in the United States rose slightly in January, with higher food prices partly offset by cheaper gas...The Labor Department says the producer price index, which tracks prices before they reach consumers, rose 0.