The bank’s earnings are expected to rise by at least 35 percent in the year through June.
African billionaire
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The uptick in market value follows a rise in the company’s share price on the Nairobi Stock Exchange.
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Telecom billionaire Mo Ibrahim criticizes wealthy nations for hoarding COVID-19 vaccine
by Ishioma Emiby Ishioma EmiThe telecom mogul stressed that global competition for vaccines has left emerging countries in dire straits.
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Njie founded his company, TAF Africa Global, in 1990 to develop real estate in Africa.
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Egyptian billionaire Samih Sawiris first foreigner to receive honorary citizenship in Swiss canton of Uri
by Ishioma Emiby Ishioma EmiSawiris was awarded honorary citizenship for his contribution to tourism in the resort town of Andermatt.
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The share price increased from $0.51 (N212.00) on June 1 to $0.54 (N221.50) at close of market today.
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The drop was triggered by a 12.6-percent decline in the GB Auto share price on the Egyptian Stock Exchange.
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Real estate mogul Hisham Talaat Moustafa set to build $31.82-billion housing project in Egypt
Moustafa is implementing the project through his TMG Holding in partnership with the Egyptian government.
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In its audited statement for 2020, the company reported plunging earnings and a 40-percent drop in profit.