Afreximbank Appoints Dr. George Elombi as Next President
The shareholders of the African Export-Import Bank (Afreximbank) have appointed Dr. George Elombi as the next President and Chairman of the Board of Directors of the continental financial institution. As [...]
Equity Bank Loses Bid to Recover KSh 23.4 Million in Moyale Heist Case
The High Court has dismissed a KSh 23.4 million claim filed by Equity Bank against Wells Fargo Ltd, ruling that the security firm was not liable for the theft of [...]
Ethiopia Opens Doors to Foreign Banks, But With Tight Controls
Ethiopia has introduced a comprehensive directive—effective June 25, 2025—governing the licensing and operations of foreign banking institutions. While this move signals a major liberalization of one of Africa’s last closed [...]
Equity Group to Become First Kenyan Bank to Set Up UAE Office
Shareholders of Equity Group Holdings Plc, on Wednesday, June 25th, approved a plan to open a Representative Office in the United Arab Emirates (UAE). “The UAE office is a strategic [...]Bridging Egypt and Kenya: Commercial International Bank (CIB) Launches a Holistic Marketing Campaign to Promote CIB Brand in Kenya
Nairobi, Kenya -24.06.2025 CIB has launched a campaign in Kenya to showcase its presence and services for those conducting business between the two countries and the wider East Africa region. [...]
Paul Russo Succeeds John Gachora as Chair of Kenya Bankers Association
Commercial banks have elected Paul Russo, CEO of KCB Group, as the new Chairperson of the Kenya Bankers Association (KBA) during the Association’s Annual General Meeting on Friday afternoon. However, [...]Paytech MAs are Redefining Africa's Payments and Banking Landscape
Africa’s payment sector is undergoing a profound transformation, with Paytech mergers and acquisitions (MAs) reshaping how value is exchanged, how digital economies grow, and who controls the rails of financial [...]
EADB Secures US$40Mn From OPEC Fund to Boost SME, Infrastructure Growth
The East African Development Bank (EADB) has signed its largest financing agreement yet with the OPEC Fund for International Development, securing a US$40 million loan to accelerate private sector development [...]Easing Interest Rates Drive More Farmers to Banks Despite Collateral Barriers
The easing monetary policy in Kenya’s credit market is attracting farmers to banks for facilities to finance their operations, with Central Bank listing land expansion, purchasing of machinery, and leasing [...]Cracking Down on Dirty Money: Kenya Signs AML Law, Targets Virtual Assets in New Reforms
President William Ruto has signed into law the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill 2025, days after the European Commission proposed to list Kenya among high-risk jurisdictions with deficiencies [...]Telco-Backed Virtual Cards are Disrupting Africa’s Plastic Payments Dominance
The surge in mobile money-linked Visa and MasterCard virtual cards is reshaping e-commerce and remittances across the continent. Africa’s long-standing reliance on bank-issued plastic cards is facing a serious shake-up. [...]Future-Proofing SMEs: How SBM Bank is Powering Growth Through Tailored Financing and Advisory Services
NAIROBI, 13 JUNE 2025: Small and Medium Enterprises (SMEs) are the backbone of Kenya’s economy, driving job creation, innovation, and economic growth. According to the Kenya National Bureau of Statistics, [...]
