Nic News

Netball's 2018 year in review: winners and losers

Prisons register a double Former champions Nic will need to play their cards a little better if they are to reclaim the title at the East and Central Africa Netball Championship and the national league next season.

New Vision , Uganda Dec 12, 2018

NIC share sprint eases after initial excitement

Nic Bank shares yesterday dropped 9.2 per cent to close the day at Sh25, indicating a slow down in the share purchase ahead of planned merger with CBA.

The Star , Kenya Dec 11, 2018

Ndegwa family puts empire on new path with asset sales

The Ndegwas, one of the richest families in Kenya, have proposed or completed five disposals and mergers in the past four years — the latest being the planned merger of Nic Group #ticker:Nic with Commercial Bank of Africa (CBA).

Business Daily Africa , Kenya Dec 11, 2018

NIC, CBA parent banks in merger negotiations

The merger if successful, will see both banks – Nic and Commercial Bank of Africa Limited (CBA), operating as one entity, making it one of the top mergers within East Afica’s banking industry.

Daily Monitor , Uganda Dec 9, 2018

Rotich pushes for bank mergers

Speaking during the signing of a Sh13 billion financing commitment with the German government, Mr Rotich welcomed the announcement of a merger between Nic Bank and Commercial Bank of Africa (CBA), saying it represented the direction that local banks should take.

Daily Nation , Kenya Dec 9, 2018

Rotich pushes for bank mergers

Speaking during the signing of a Sh13 billion financing commitment with the German government, Mr Rotich welcomed the announcement of a merger between Nic Bank #ticker:Nic and Commercial Bank of Africa (CBA), saying it represented the direction that local banks should take.

Business Daily Africa , Kenya Dec 9, 2018

Fashion retailer Deacons’ creditors have two weeks to submit claims

Nic Bank #ticker:Nic had also given it Sh94.28 million overdraft and Sh430.67 million loan while Bank of Uganda had loaned it Sh14.65 million.

Business Daily Africa , Kenya Dec 9, 2018

Kenyan Bank tie-up creates bigger rival for West Africa lenders

Nic Group Plc, one of Kenya’s mid-sized publicly traded banks, is in merger talks with Commercial Bank of Africa Ltd., the nation’s biggest closely held lender, the two said Thursday.

IOL , South Africa Dec 8, 2018

NIC Bank stock rises 32pc after news of merger

Capital Markets Nic stock rises 32pc after news of merger with Kenyatta-linked bank Nic Bank #ticker:Nic shares jumped 32 percent on news of merger talks with Commercial Bank of Africa (CBA), raising the mid-tier lender's shareholder wealth by Sh4.7 billion.

Business Daily Africa , Kenya Dec 8, 2018

Investors rush for NIC shares on merger news

National Industrial Credit Bank (Nic) share yesterday gained 32.5 per cent to close the day at Sh32 as investors rushed to buy, anticipating higher returns from planned merger with CBA bank.

The Star , Kenya Dec 7, 2018