DTB Kenya to Exit Burundi with Sale of 83.67% Stake
Diamond Trust Bank Kenya has announced plans to sell its entire 83.67% shareholding in DTB Burundi to a consortium of primarily Burundian investors, including the bank’s existing minority shareholder. “The [...]
CBK Sets Up Cybersecurity Centre for Banks
The Central Bank of Kenya (CBK) has created a Banking Sector Cybersecurity Operations Centre (BS-SOC) to strengthen defenses across the financial system. For real time market updates and analysis, join [...]Stanbic Bank and Knight Frank Kenya Draw Insights from Kenya's Wealthiest Individuals
Kenyan High Net Worth Individuals (HNWIs) are showing strong interest in passion investments, with 72% expressing a desire to acquire art, 50% interested in classic cars and 44% keen on jewellery and high-end [...]
Ethiopia Names Eyob Tekalign as New Central Bank Governor
Ethiopia’s Prime Minister Abiy Ahmed has appointed State Finance Minister Dr. Eyob Tekalign as governor of the National Bank of Ethiopia, filling the vacancy left by Mamo Mihretu earlier this [...]KCB, Afreximbank Commit KSh 103bn to Kickstart Vipingo SEZ
Kenya Commercial Bank (KCB) Group and the African Export-Import Bank have agreed to provide a combined $800 million (KSh 103.4 billion) in financing to operationalize the Vipingo Special Economic Zone [...]
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 [...]
