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 [...]
US Company Discards Bid for Imperial Bank Assets
Amassment Corporation, a US-based financial company,has discarded its KSh49 billion bid for Imperial Bank Assets. The firm says they reached the decision after Kenya Depositors Insurance Corporation (KDIC) showed signs [...]Barclays Unveils First Absa Branded Branch
Barclays Bank Kenya has revealed that it has opened the first Absa branded branch at Sarit Centre, Westlands, Nairobi. Moreover, Barclays via their Twitter say that their branches are looking [...]Danish Investment Fund Acquires KSh2 Billion Stake in TDB Bank
The Danish Investment Fund has acquired a KSh2 billion stake in the Trade and Development Bank (TDB), formerly known as PTA Bank. The Danish firm has become the bank's largest [...]Equity Bank's New Look and Regional Expansion
Equity Bank started 35 years ago as a small lender in Murang’a. It was established by the former Chairman Peter Munga. The lender has since evolved into a financial powerhouse [...]Equity Group CEO Ranked Among Bloomberg’s Top 50 Business Leaders
Equity Group Chief Executive Officer, James Mwangi, has been ranked among the world's top 50 business leaders by Bloomberg. The ranking, dubbed Bloomberg 50, takes into consideration the world’s top [...]Equity Group Aims to be in 15 African Countries by 2026
Nairobi headquartered Equity Group Holdings (EGH) is targeting to expand to 15 African countries by 2026. Speaking to Bloomberg, Dr James Mwangi, said the bank is looking to capitalize on [...]Egyptian lender CIB to Acquire Kenya's Mayfair Bank
The Commercial International Bank (CIB), an Egyptian private sector lender has announced plans to acquire a stake in Mayfair Bank Limited in Kenya. READ; Egyptian lender CIB to Make an [...]Exim Bank Opens in Ethiopia
Exim Bank Group has opened its first office in Addis Ababa, Ethiopia. This, therefore, makes it the first Tanzanian Commercial bank to be granted an operational license in Ethiopia, through [...]
