Ghana's Central Bank Unveils Fintech Innovation Office
Ghana's Central Bank has announced plans to establish a new FinTech and Innovation Office, a move that seeks to enhance the Bank’s cash-lite, e-payments, and digitization agenda. According to a [...]
CBK pumps KSh 17.6 Billion in cash into banks
The Central Bank of Kenya(CBK), in the month of April alone, granted approvals to 11 commercial banks and one microfinance institution to access KSh 17.59 Billion in cash and deposits [...]
Equity Bank’s Digital Resilience in the Face of COVID-19
Ever since the outbreak of the global COVID-19 pandemic, various measures are being put in place to curb the spread of the virus with authorities urging financial institutions to enhance [...]What holds for Equity Group in 2020
Ratings Agency Moody's has picked Equity Bank as among the few financial institutions that have strong liquidity buffers and adequate liquidity assets which will aid in easing asset quality pressure [...]CBK's 100Billion Kitty for Distressed Businesses
The Central Bank of Kenya (CBK) revealed plans to set up a Ksh100 billion kitty to cushion distressed businesses due to COVID19. Dr. Patrick Njoroge, CBK's governor, said they are [...]
Islamic Finance Episode 2: Common Misconceptions About Islamic Finance
In Episode 2 of the Islamic Finance podcast series, Ali Mohammed tackles some of the most common misconceptions that people hold regarding Islamic Finance. The first misconception covered is about [...]
Live; Central Bank Kenya Post MPC Briefing
In its April meeting held on Wednesday, Kenya's Central Bank MPC lowered the CBR from 7.25% to 7%, the lowest level in 9 years. The Kenyan Wallstreet team will be [...]
Safaricom Visa Sign Partnership to develop products around M-PESA
Safaricom and Visa haveannounced a partnership that will enable the development of products that will support digital payments for M-PESA customers. The partnership will cover over 24 million M-PESA customers, [...]Islamic Finance Podcast Series with Ali Mohamed
Mohamed is the Consultant of Kasada Group part of Qatar Investment Authority (QIA) and ACCOR. Mohamed is a member of the incorporation committee of Power Bank focused on the Energy [...]Stanchart Bank Kenya Temporarily Closes Eight Branches
Standard Chartered Bank Kenya will from May 1, 2020, temporarily close eight branches for three months in efforts geared towards minimizing the spread of COVID19. However, the bank assured its [...]KBA Launches 2020 Kaa Chonjo Awareness Campaign
The Kenya Bankers Association (KBA) has today launched a public awareness campaign designed to educate consumers on measures of preventing fraud across online channels as the country makes efforts to [...]Egypt's Commercial International Bank Gets Approval to acquire 51% stake in Mayfair Bank
The Central Bank of Kenya has announced the acquisition of Mayfair Bank Limited by Commercial International Bank (CIB), a leading lender in Egypt. This follows the CBK's approval of the [...]
