CMA , KNBS Release Islamic Finance Report
The Capital Markets Authority, in collaboration with the Kenya National Bureau of Statistics, recently released areporton Islamic/Participatory Finance. The report, which establishes findings from a survey targeting respondents from sectors [...]
Majority of Kenyan Banks Now Offer Mobile Banking Survey
According to this year’s edition of the Kenya Bankers Association (KBA) Customer Service Satisfaction Survey, use of mobile banking rose to 57 per cent in 2019 from 49 per cent [...]Egyptian Lender, Banque Misr, Seeks $250 Million for East Africa Expansion
Egyptian lender, Banque Misr, has announced plans to borrow $250 million from international lenders, to help them expand into Africa. Countries targeted in the expansion include Kenya, Djibouti and Somalia. [...]Ghana to Refund Deposits Held at Failed Lenders
Ghana is set to spend KSh93.7 billion ($937 million) to refund depositors whose money is being held in failed banks and micro-credit institutions. In 2018, Ghana suffered a banking crisis [...]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 [...]
