SCOTTISH Life owner Royal London claimed yesterday that its core operations had enjoyed a rise in new business despite posting a loss of £236 million.

SIGMA Capital Group, the Edinburgh-based investment house, has recorded lower first-half sales and profits but described its performance as "solid" given the continuin

The long-drawn Charterhouse Bank case was on Monday referred to the Chief Justice for fresh direction.

The National Coordinator of SERVICOM and Chairman, Presidential Committee on OSCAR, Mr. Ad'Obe Obe, has said that uninsured driving which hitherto stood at 91 percent in Abuja before the OSCAR pilot scheme began four months ago, has now reduced to

Cooperative Bank of Kenya management and its transaction advisers, on Monday moved to reassure the public that the initial public offering will proceed as planned next month.

A $100 million private equity fund dubbed Agri-Vie has been launched for the agribusiness sector in sub-Saharan Africa.

The value of money market assets outstanding at the end of July this year increased to N2.735 trillion, the Central Bank of Nigeria (CBN), has said.

Ugandans with reasonable sums of money but which may not be sufficient for direct investment in the stock market now have an option of pooling money for investment through the newly introduced Insurance Company of East Africa unit trusts.

Heads could roll at the top management of the East African Development Bank as it emerges that East Africa's largest regional bank and foremost development finance institution has just made a massive anticipated loss of $8.9 million.

When Bankom, the company that was supposed to interlink all ATMs in Uganda, launched its service three years ago, it seemed to herald a new era of banking characterised by ubiquitous cash access points across the nation and, well, less

Diamond Bank Plc has commissioned its new branch constructed at the University of Maiduguri campus recently.

THE Land Bank received a qualified audit this year for a litany of irregularities, including placing a moratorium on the collection of loans made to emerging farmers and failing to ensure the business interests of executives were properly declared.

Absa Bank is ready to start operations in Namibia as early as next year and local commercial banks are already preparing for a fight over market share.

Standard chartered bank has organized its management express forum to train senior staff members of various institutions on the challenges surrounding modern management structures.

The world of today has become a micro organization, which is being run by micro system. But the masses are not empowered because they don't have access to funds. With the high level of illiteracy, these masses of labour still

Cash queues at the banks persisted Monday, despite the Reserve Bank raising the maximum cash withdrawal limit from Z$1 000 to Z$20 000 and introducing new Z$10 000 and Z$20 000 dollar bank notes. Our correspondents in Bulawayo and Harare

THE Land Bank's annual report, to be tabled in Parliament today, provides the most frank account yet of a breakdown of internal controls, poor lending practices, wasteful expenditure, irregular appointments, fraud, negligence and gross misconduct under Agriculture and Land Affairs

British investors from the Birmingham Chamber of Commerce and Industry have expressed interest in housing, water and education sectors of Uganda and Kenya.

The Tanzanian government is to engage a private partner to expand Mwalimu Julius Nyerere International Airport.

Stock brokers and investors have endorsed Crusader (Nigeria) Plc's convertible debenture and rights issue currently on offer projecting oversubscription.