Live Breaking News & Updates on Mauritius Based Afrasia Bank
Stay updated with breaking news from Mauritius based afrasia bank. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Mauritius is one of the five fastest-growing high-income markets in the world over this period, along with Australia, New Zealand, Switzerland and Malta.
....
Bank Branches Reveal Wealthy and Poor Counties kenyans.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kenyans.co.ke Daily Mail and Mail on Sunday newspapers.
Bank branches reveal wealthy, poor counties SAM KIPLAGAT More than half of Kenya’s bank branches are found in Nairobi, Mombasa and Kiambu, reflecting wealth and income inequality across Kenya’s 47 counties. Central Bank of Kenya (CBK) data shows that the three counties have 794 branches or 53 percent Kenya’s 1,502 banking outlets. Nairobi accounted for 39.5 percent of Kenya’s bank branches, reflecting the capital city’s economic dominance over the other 46 devolved units created in 2013 to address the wealth imbalance. Bank CEOs say the spread of banks is informed by cash flow and economic activity in the counties, signalling that the outlets are a bellwether of riches in the devolved units. The heavy concentration of branches in Nairobi indicates inequality in the country’s economic development, which has partly been attributed to the previous centralised system of government which guided sharing of resources since independence. The devolved ....
Bank branches reveal wealthy, poor counties Summary Central Bank of Kenya (CBK) data shows that the three counties have 794 branches or 53 percent Kenya’s 1,502 banking outlets. Nairobi accounted for 39.5 percent of Kenya’s bank branches, reflecting the capital city’s economic dominance over the other 46 devolved units created in 2013 to address the wealth imbalance. Bank CEOs say the spread of banks is informed by cash flow and economic activity in the counties, signalling that the outlets are a bellwether of riches in the devolved units. Tuesday July 06 2021 By TIMOTHY ODINGA Summary Central Bank of Kenya (CBK) data shows that the three counties have 794 branches or 53 percent Kenya’s 1,502 banking outlets. ....
Revealed: Number of Billionaires in Nairobi Kenya’s Capital Nairobi is home to 75.8 percent of Kenya’s billionaires, a new wealth report shows. According to an annual study of Africa’s wealthiest people by Mauritius-based AfrAsia Bank, about 250 of 330 Kenyans with a net worth of at least $10 million (Sh1.08 billion) reside in Nairobi. Overall, 26 Kenyans dropped out of the ultra-rich list in 2020 from 356 in 2019 and 370 in 2017. The drop was attributed to the Covid-19 pandemic which has disrupted businesses across Africa. AfrAsia Bank noted that Africa’s super-rich persons dropped by nine percent last year. In the capital city Nairobi, the number of billionaires dropped by 10, accounting for 38 percent of individuals whose net assets fell below $10 million(Sh1.08 billion). ....