Bloomberg Equity Group Holdings Ltd. posted its first-ever drop in annual profit, missing analysts’ expectations for an increase, as non-performing loans at Kenya’s biggest bank by market value more than doubled. The stock head for it’s biggest fall in six months. Net income declined to 16.5 billion shillings ($161 million) in the 12 months through December from 17.3 billion …

  Bloomberg Barclays Africa Group Ltd. sold less than half its target in a bond auction as a wall of debt issuance by South African banks and the impending exit of its UK parent, Barclays Plc, damped demand. Barclays Africa offered 1.5 billion rand of notes but raised only 642 million rand within price guidance, according to Deon Raju, head …

  Bloomberg Scandinavia’s biggest financial conglomerate, Nordea Bank AB, says a Swedish proposal to increase bank fees for a crisis fund may force it to move its headquarters away from Stockholm as efforts to find common ground with the government stall. “This isn’t a bluff. This is dead serious,” Rodney Alfven, head of investor relations, told Bloomberg on Wednesday. “Our …