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 [...]
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, [...]
