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 [...]
How the Credit Information Sharing System Will Work for You
On April, 8, 2020, new Regulations came into force for Credit Reference Bureaus (CRBs) and Kenya’s Credit Information Sharing (CIS) system, refreshing the framework that has been in place since [...]
NCBA opts for bonus shares to replace dividend payouts
Shareholders of NCBA Group Plc will now receive a bonus share issue instead of cash dividends payouts that was to be given to those on the company’s register at the [...]Bank of Uganda Issues Guidelines on COVID-19
Uganda's Central Bank, Bank of Uganda (BoU), has issued a raft of guidelines to cushion borrowers and lenders from the negative economic impacts of the global COVID-19 pandemic. The guidelines, [...]Absa Kenya Resumes Forex Trading
Absa Kenya, previously known as Barclays Bank Kenya, has resumed forex trading after a seven day suspension. Kenya's Central Bank took regulatory action against the lender on 9th April, after [...]
Central Bank Unveils Measures to Tame Unregulated Digital Lenders
Digital lenders' predatory ways are about to come to an end following the gazetting of the Credit Reference Bureau Regulatory, 2020 (CRB REGULATIONS) on April 8, 2020. The new regulations [...]Co-op bank to pay dividends earlier in response to COVID19
It is a huge relief for shareholders of Co-operative Bank of Kenya. This follows a move by the Bank's Directors to move back the date of dividend payments to its [...]Absa Kenya Restructures Loans Amounting to Ksh 8.3Bn
ABSA Bank Kenya has restructured customer loans amounting to over Ksh8.3 billion within the last two weeks. The move is meant to shield customers and provide relief from financial distress [...]
