CBK Introduces KESONIA Index to Track Lending Rates
The Central Bank of Kenya has launched the KESONIA Compounded Index, a benchmark tracking the cumulative build-up of daily KESONIA overnight rates. By compounding daily rates, the index turns short-term [...]
Stanchart Warns of 25% Profit Drop in 2025 on H1 Decline and Pension Settlement
Standard Chartered Bank Kenya has issued a profit warning, citing weaker earnings and the looming cost of a multibillion-shilling pension settlement. For real time market updates and analysis, join our [...]NCBA Gains Ground in Court Clash Over Multiple Hauliers’ Insolvency
NCBA Bank has secured a reprieve after the Court of Appeal halted a High Court order that had installed the Official Receiver to supervise the restructuring of indebted logistics firm [...]
Kenyan Banks Surpass MSME Lending Target, Unlocking KShs 19 Trillion Green Economy
Kenya's banking sector has surpassed its annual commitment to lend KShs 150 billion to micro, small, and medium enterprises (MSMEs), disbursing KSh 153 billion so far this year, according to [...]Equity Bank Bids for Ethiopia’s Banking Sector
Equity Bank Group has taken a major step toward expanding into Ethiopia after its chief executive Dr. James Mwangi held talks with Ethiopian Investment Commission (EIC) Commissioner Dr. Zeleke Temesgen [...]Court Orders Coffee Firm’s Guarantors to Repay KCB Uganda More than US$1.1 Million
KCB Bank Uganda has won a major case against the shareholders of Great Lakes Coffee Company, after the High Court in Kampala ordered them to personally repay more than US$1.1 [...]Standard Chartered Kenya Kickstarts KSh 7Bn Pension Payout Process
Standard Chartered Bank Kenya has begun the process of verifying details of 629 former employees set to benefit from a multibillion-shilling pension payout, after a Supreme Court ruling earlier this [...]CBK Stress Test Flags Credit and Cyber Security Risks for Kenyan Banks
Kenya’s May 2025 banking sector stress test highlights a fragile balance between improved resilience and persistent risks. Projections place the sector's NPLs at 16.3% under a baseline scenario by December [...]Kenya's Saccos Cross KSh 1 Trillion in Combined Assets
Kenyans are saving in, and borrowing more from, Saccos than ever before, pushing the sector’s assets past KSh1 trillion by the end of 2024, but the sector is grappling with [...]Sumac Microfinance Bank Raises US$ 2Mn
Sumac Microfinance Bank has raised US$ 2 million in expansion capital through a transaction arranged by Noblestride Capital, strengthening its ability to lend to micro, small, and medium-sized enterprises (MSMEs) [...]Stanchart is Adequately Capitalised, Lender Says after KSh 7bn Supreme Court Ruling
Listed lender Standard Chartered Bank Kenya has moved to reassure markets after the Supreme Court’s decision striking out its appeal in a multibillion-shilling pension case. For real time market updates [...]Kenya's Microfinance Banks: A Decade of Declining Fortunes
Kenya's 14 microfinance banks (MFBs) have endured one of the toughest decades in the financial sector, with industry data from 2014 to 2024 revealing sustained decline across key indicators, as [...]
