African Banks' foreign-exchange windfalls belie economic reality

Sharp slides in the naira and Kenyan shilling have significantly boosted foreign-exchange income at Standard Bank Group, Zenith Bank and Equity Group Holdings, their earnings reports show.

Related Keywords

South Africa ,Nigeria ,Kenya ,Lagos ,South African ,Kenyan ,Nigerian ,Eric Dupont ,Joshua Odebisi ,Mik Kabeya ,Equity Group Holdings ,Standard Bank Group ,Nigeria Zenith Bank ,Bloomberg ,Fitch Ratings ,Moody Investors Services ,Nigerian Central Bank Governor Olayemi Cardoso ,Zenith Bank ,African Reserve Bank ,Rand Merchant Bank ,South African Reserve Bank ,Group Holdings ,East Africa ,