On The Money - In Brief

Mergers, Acquisitions and Financial Results

- The National Bank of Kuwait (NBK), the highest rated bank in the Middle East, has been assigned by Zain Mobile Telecommunications Company to manage the Group's 75 percent capital increase valued at K.D 1,2 billion, ($4.4 billion).

- Two projects in East Africa have won accolades from the world-famous Euromoney Project Finance Magazine as Africa's best deals of 2007 with Seacom being crowned as African Communications Deal of the Year for 2007.

- David Kuwana, managing director Rwanda Commercial Bank (BCR) says by the end of this year, 100 ATMs will be available in the country. Currently there are less than seventeen ATMs in the country, which are also said to be under utilised, partly because they were unreliable as customers could go to withdraw but leave without cash.