Absa's Timiza Nets Almost 5 Million Customers
Jeremy Awori the managing director of Absa Kenya says that Kenya has a very high mobile penetration, thus the digital and mobile-led strategy the bank has adopted. ABSA's Timiza app [...]
Absa Kenya Commits to Continue Supporting SMEs
Absa Bank Kenya PLC has today unleashed a new raft of products and services, tailored to meet the ever-changing needs of the Small and Medium-sized Enterprises(SMEs) segment. Absa Kenya Plc [...]
SBM Bank Barred from EA Cables Suit
Ecobank will now be the only lender that places East African Cables under liquidation. This is after the court barred SBM bank from joining the suit, citing that its is [...]
Growth of Fintech Lending Shows a Gap in the Market
Standard Chartered CEO Kariuki Ngari believes that MSMEs must strive to raise their creditworthiness to ensure that they are in a good position to receive lending. Speaking during last week's [...]Barclays Officially Starts Trading as Absa
Barclays Bank of Kenya has now legally and officially begun trading as Absa Bank Kenya PLC. The change will also see the lender's stock trade as Absa at the Nairobi [...]Bank Of Ghana Named Central Bank of the Year Globally
The Bank of Ghana (BoG) has emerged as the Central Bank of the year 2019, according to the international Central Banking Awards. The awarding body cited impressive record of achievements [...]Coop Bank Partners with IFC in Advisory Deal
Coop Bank has partnered with the International Finance Corporation (IFC) in a KSh100 million deal, that will see the lender receive advisory services from IFC. The advisory service, therefore, seeks [...]DTB Appoints Sagheer Mufti as Non-Executive Director
Diamond Trust Bank (DTB) has appointed Mr Sagheer Mufti as a non-executive director, with effect from 28th January 2020. Mr Mufti, who is currently the COO of HBL Pakistan, is [...]Equitel Dropped from Mobile Money Category
The Communication Authority (CA) has removed Equitel from the mobile money category, arguing that is more of a banking product. The authority says this was necessitated by the fact that [...]Barclays is Finalizing Projects Ahead of the Transition Deadline in June
Barclays Bank of Kenya has completed over 80% of the projects necessary to rebrand into Absa. The bank, operating in 12 markets and about 1,000 branches is looking to finish [...]Ghana Charges Top Banking Executives For Banking Crimes
Ghana is charging former executives of two insolvent banks for alleged crimes that contributed to the country's banking crisis. Former Beige Bank Ltd CEO Michael Nyinaku and UT Bank Founder [...]Nigeria's Access Bank Completes Acquisition of Transnational Bank
Nigerian lender, Access Bank has completed 100 per cent acquisition of Kenyan Tier3 lender, Transnational Bank effective February 1, 2020. Central Bank of Kenya (CBK) reports that the deal fell [...]
