African Guarantee Fund Receives KSh3.3Billion from German Lender
The African Guarantee Fund (AGF) has received $33 million (KSh3.3 billion) capital boost from the German lender, KfW Development Bank. This capital injection will go a long way in ensuring [...]
KCB Injects KSh 5 billion Into Recently Acquired National Bank
LISTEN TO ARTICLE KCB has injected KSh 5 billion into the National Bank of Kenya, allowing the subsidiary to meet capital adequacy thresholds. Further, the 5 billion will also help [...]Absa Strikes $497 Million Deal to Boost Lending in Africa
Absa Group, one of the largest banks in Africa, has signed a deal with Multilateral Investment Guarantee Agency (MIGA) which will boost lending for SMEs in Africa. According toBusiness Live, [...]Absa Group Appoints Daniel Mminele as Chief Executive
Absa Group Limited has announced the appointment of Aaron Daniel Mminele as Group Chief Executive, with effect from 15th January 2020. Mminele takes over from René van Wyk, who has [...]
KSh 1.4 billion Acquisition of Jamii Bora Bank on Back Burners
The purchase of financially distressed Jamii Bora Bank by CBA has been shelved after Commercial Bank of Africa (CBA) merged with NIC Bank. At the beginning of last year, Jamii [...]
NCBA Boss Calls for Higher Capital Requirements for Banks
NCBA Group CEO John Gachora is calling for higher capital requirements to boost mergers and acquisitions in the banking industry. According to Mr. Gachora, higher safety buffers would drive more [...]Equity Group Atlas Mara Deal Remains Uncertain
James Mwangi, Equity Group Holdings (EGH) CEO has expressed fears over delays in completion of Atlas Mara acquisition. Furthermore, Dr Mwangi says that there is currently no certainty that a [...]Titans Of The Decade; Joshua Oigara
KEY INITIATIVES ACHIEVEMENTS 2012; Joshua Oigara was appointed CEO of KCB Group at 37 years old 2013; Launched mobile application with increased features Agency banking platform upgrade, [...]
Former PwC Regional CEO Anne Eriksson Joins KCB Group Board
Kenya's largest bank by asset base KCB Group has announced the appointment of Mrs. Anne Eriksson as a Non-Executive Director of the Board of lender with effect from 18th December [...]NCBA Set to Launch New Branches in 2020
NCBA Group has announced plans to launch ten new branches within the country in 2020. According to the Business Daily, the group will set up the new branches in Nairobi [...]Stanbic Bank Loses KSh1.4 Billion after GDC Deal Collapses
Stanbic Bank has lost KSh1.4 billion after a deal between Geothermal Development Company (GDC) and Hong Kong Offshore Oil Services (HOOS) collapsed. In the deal struck in 2014, the geothermal [...]Barclays Transition into Absa 85% complete
Barclays Management recently hosted a briefing to update on the progress of the transition to Absa Brand. Below is the full video of the briefing. Related; Barclays Unveils First Absa [...]
