Al Salam Bank Strengthens Ties with Seychelles

They discussed the ongoing progress at Al Salam Bank-Seychelles, a joint venture between ASBB and the Seychelles Pension Fund, and its contribution to the development of the domestic financial services industry in the Seychelles.


Licensing ban spurs acquisitions of banks

The latest entrant Access Bank of Nigeria revealed in a conference call to investors and analysts that it had to settle on buying loss-making Transnational Bank due to the bureaucracy involved in getting a greenfield licence.


Bankrupt Portland Cement paid fired CEO Sh23m

The reports further showed that the EAPCC board of directors took home a staggering Sh47 million even as the company continued to suffer cash flow problems which saw it default on a Sh263 million KCB Group loan.