Stanbic Doubles Interim Dividend as Profits Decline in First Half of 2025
Bad Loans Hit KSh 724Bn in April, Outpacing Loans for a Fifth Straight Quarter
Private Sector Credit Growth Falters as NPLs Hit Record Highs
Arab Bank Approves US$ 120Mn Shelter Afrique Development Bank Capitalization
The Arab Bank for Economic Development in Africa (BADEA) has approved USD 120 million to support the capitalization program of Shelter Afrique Development Bank. “This agreement with BADEA marks a [...]
Family Bank Secures KSh 2.6B from British DFI to Boost MSME Trade Finance
Family Bank has secured a USD 20 million (KES 2.6 billion) trade finance facility from British International Investment (BII), the UK’s development finance institution. Family Bank CEO Nancy Njau said [...]Citi Named Africa’s Best Investment Bank for Financing
Citi has been named Africa’s Best Investment Bank for Financing at the 2025 Euromoney Awards for Excellence, recognizing its standout performance in delivering capital solutions across the continent in 2024. [...]
SBM Bank Kenya Rebounds with KSh 202mn Profit in H1 2025
SBM Bank Kenya Ltd recorded a KSh 202 million profit before tax for the half year ended June 2025, reversing a KSh 943 million loss in the same period in [...]Kenya to Raise Minimum Capital for Betting Firms from KSh 250k to KSh 100mn
Kenya is preparing to impose a KSh 100 million capital requirement on online betting operators after the Senate approved the final version of the Gambling Control Bill, marking the end [...]Kenya Faces a Decision that will Define Payments for Decades to Come
Over the last few years, Kenya has experienced continued growth in GDP and witnessed a solid influx of public and private investment. The country's financial sector is vibrant and ever-evolving, [...]
DTB Slashes Lending Rate for Fifth Time in 2025
Diamond Trust Bank (DTB) Kenya has cut its base lending rate by 20 basis points, effective July 1, 2025, reducing the rate from 14.41% to 14.21% for all Kenya shilling-denominated [...]Equity Bank HR Boss Loses Ksh 950k Job Over Background Check Dispute
Aformer General Manager atEquity Bank has failed in his attempt to reclaim his position, where he earned a monthly salary of nearlyKsh1 million, after the court sided with the bank [...]Japan Agency Assigns A+ Credit Rating to Africa Finance Corporation, Flags Nigerian Dominance
Japan Credit Rating Agency, Ltd (JCR) has assigned the Africa Finance Corporation (AFC) a long-term Issuer credit rating of A+ with a stable outlook. AFC lends to African countries, whose [...]
