Bank of Africa, Kenyas 14th largest bank, saw its net income drop by 21% y/y to KES 221mn (EUR 2.2) in the first half of 2012 as interest costs grew more than three-fold to KES 2.7bn, Business Daily reported. The banks deposits increased by 20% y/y to KES 40.6bn and the loans portfolio expanded by 39% on the year to KES 34.5bn. Bank of Africas interest income was KES 2.05bn higher on the year at KES 2.85bn. |
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more