Africa Finance Corporation Raises US$ 1.5bn in Debt
Infrastructure solutions provider Africa Finance Corporation (AFC), has closed a US$1.5bn syndicated loan, its largest-ever debt facility. “This landmark transaction reinforces AFC’s standing as a trusted institution in the global [...]
KDIC Updates Deposit Insurance Coverage Through June 2026
The Kenya Deposit Insurance Corporation (KDIC) has published the official list of institutions whose deposits are insured up to 30 June 2026. Deposits placed in these institutions are protected under [...]
Ethiopia MPC Holds Policy Rate at 15%, Raises Credit Growth Ceiling to 24%
The National Bank of Ethiopia’s Monetary Policy Committee has kept the benchmark rate at 15% in its fourth meeting in September 2025, while raising the credit growth ceiling to 24%. [...]KCB is Vying to Boost East Africa/US Trade, Investments, CEO Paul Russo Says at Bullish Kenya
KCB Group is vying to deepen its support to businesses and investors focused on the East Africa US Markets, riding on its scale across the region. Speaking at the [...]
Kenya To Raise Compensation Limits to Bolster Trust in the Financial Sector
Regulators are moving to reinforce the Policyholders’ Compensation Fund, which protects insurance customers in the event of an insurer collapse, by raising the compensation ceiling from KSh 250,000 to KSh [...]
MPs to Consider Interest Cap So Borrowers Don't Pay More Than They Borrow
Members of Parliament (MPs) are reviewing a petition that seeks to limit loan interest so it never exceeds the original principal, citing the steady rise of unscrupulous lenders with unjustly [...]Ecobank Kenya's Faces KSh 284mn Asset Seizure in Estate Case
The High Court has ordered the seizure and auction of EcoBank Kenya’s assets to recover KSh 284 million owed to the estate of former cabinet minister Mbiyu Koinange, escalating a [...]DTB Kenya to Exit Burundi with Sale of 83.67% Stake
Diamond Trust Bank Kenya has announced plans to sell its entire 83.67% shareholding in DTB Burundi to a consortium of primarily Burundian investors, including the bank’s existing minority shareholder. “The [...]CBK Sets Up Cybersecurity Centre for Banks
The Central Bank of Kenya (CBK) has created a Banking Sector Cybersecurity Operations Centre (BS-SOC) to strengthen defenses across the financial system. For real time market updates and analysis, join [...]Stanbic Bank and Knight Frank Kenya Draw Insights from Kenya's Wealthiest Individuals
Kenyan High Net Worth Individuals (HNWIs) are showing strong interest in passion investments, with 72% expressing a desire to acquire art, 50% interested in classic cars and 44% keen on jewellery and high-end [...]Ethiopia Names Eyob Tekalign as New Central Bank Governor
Ethiopia’s Prime Minister Abiy Ahmed has appointed State Finance Minister Dr. Eyob Tekalign as governor of the National Bank of Ethiopia, filling the vacancy left by Mamo Mihretu earlier this [...]KCB, Afreximbank Commit KSh 103bn to Kickstart Vipingo SEZ
Kenya Commercial Bank (KCB) Group and the African Export-Import Bank have agreed to provide a combined $800 million (KSh 103.4 billion) in financing to operationalize the Vipingo Special Economic Zone [...]
