How Higher Capitalisation Will Reshape Kenya's Banks, Economy
Fewer, better capitalised banks may catalyze the mobilization of domestic savings, boost national investment, support economic modernization, and advance Kenya’s Vision 2030 goal of attaining upper-middle or high-income status, comparable [...]
Afreximbank Disputes Fitch Ratings Downgrade
The African Export-Import Bank (Afreximbank) has dismissed a downgrade in credit rating by Fitch Ratings, following an assessment that some of its state borrowers were at a higher risk of defaulting [...]
Banks To Prioritize Recovery of Personal Loans as Defaults Surge to 20-Year High
The banking sector is sharpening its focus on recovering personal and household loans as the industry grapples with the highest rate of non-performing loans (NPLs) in two decades. Alongside personal [...]Fitch Ratings Downgrades Afreximbank Over High' Credit Risks
Ratings Firm Fitch has downgraded multilateral development bank African Export-Import Bank (Afreximbank), giving it a negative outlook in its latest outlook. “The Negative Outlook reflects the risk that the debt owed to [...]Sustainable Banking Gains Momentum in Africa, Led by Kenya and South Africa
A new report by the World Wide Fund for Nature (WWF) and KPMG East Africa indicates that banks across eight African countries are making gradual but steady progress in embedding [...]Nigerian Fintech Moniepoint Gets Green Light to Acquire Kenyan Microfinance Bank
The Competition Authority of Kenya (CAK) has cleared a proposed acquisition by U.S.-based fintech Moniepoint Inc., which plans to take a controlling 78% stake in Sumac Microfinance Bank Limited, marking [...]Access Bank Completes Acquisition of National Bank of Kenya from KCB
Access Bank Plc has completed its acquisition of National Bank of Kenya (NBK) from KCB Group Plc. With the acquisition of 100% of NBK, its second after acquiring and rebranding [...]
DTB Kenya's Q1 Net Income Grows 10%, Non-Interest Income Drops
Diamond Trust Bank Kenya’s (DTB) unaudited Q1 2025 results indicate the lender's profits grew 10% supported mainly by solid balance sheet expansion and a drop in non-performing loans, but tempered [...]HF Group Delivers Record Q1 Profit
HF Group has delivered a standout performance in the first quarter of 2025, reporting a profit after tax of KSh 327.9 million—its highest Q1 result on record. Additionally, non-interest income [...]Absa Bank Posts KSh 6.2Bn Q1 Profit, Revenue Dips 4%
Absa Bank Kenya PLC has reported a KSh 6.2 billion net profit for the first quarter of 2025, marking a 4% year-on-year increase, even as total revenue slipped 4% to [...]Banks' Profits Rebound, Non-Performing Loans Hit 20-Year High
Kenya’s banking sector entered 2025 on a cautiously optimistic note, according to the Central Bank of Kenya’s Q1 2025 Credit Officer Survey. This performance ties with Q1 2024's peak, and [...]KCB Holds KSh 16.5Bn Profit in Q1, NPLs Edge Higher
KCB Group delivered a flat net profit of KSh 16.5 billion in Q1 2025, maintaining momentum from last year despite mounting pressure on asset quality. Metric Q1 2025 Q1 2024 [...]
