Chandaria gets back seized firm as banks waiver Sh6 billion loan
NCBA Group and Co-operative Bank have surrendered Kaluworks they had seized from billionaire Manu Chandaria’s Comcraft Group.
Source: businessdailyafrica.com
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NCBA invests $16.6 million in its Tanzania subsidiary
The Tanzanian subsidiary made a net loss widened to $9.2 million in the year ended December 2021.
Source: theeastafrican.co.ke
Fuliza loans hit Sh288 billion as M-Shwari declines
The amount of cash disbursed on Fuliza hit Sh288 billion in the first half period up from Sh220.38 billion in the same period last year.
Source: businessdailyafrica.com
NCBA invests Sh2 billion in its Tanzania subsidiary
NCBA Group is investing Sh2 billion in its Tanzanian subsidiary this year to shore up its capital which was eroded by losses.
Source: businessdailyafrica.com
NCBA crafts new generous dividend payment policy
NCBA Group plans to pay up to 50 percent of net earnings as dividends going forward, indicating increased returns to shareholders.
Source: businessdailyafrica.com