SBM Bank Kenya to Empower Over 500 Women Entrepreneurs to Scale up Their SME Businesses
Nairobi Tuesday, April 8th, 2025: SBM Bank Kenya has reaffirmed its commitment to championing women's socio-economic empowerment in the country, as it looks to create an inclusive and enabling [...]
KCB Bank, Mi Vida Homes Team Up to Build Affordable Homes
KCB Bank and real estate developer Mi Vida Homes have entered a strategic partnership to accelerate the development of affordable homes in Kenya. By leveraging our financial expertise and Mi [...]
CBK Cuts Base Rate to 10%, Bad Loans Highest in 2 Decades
The Central Bank of Kenya (CBK) has lowered its base lending rate to 10.00% — the lowest since May 2023, when it stood at 9.50%. Inflation rose slightly to 3.6% [...]
DigiTax Wins at The Next Stage Startup Pitch Competition
NAIROBI, APRIL 4TH, 2025: On April 4th, ten of East Africa’s most promising early-stage startups took center stage at The Next Stage, a high-stakes pitch competition and showcase held in Nairobi. [...]NCBA to Appeal KSh 384.5 Mn Tax Ruling on 2019 Merger
NCBA Group PLC has said that it will appeal a High Court ruling that nullified the KSh 384.5 million stamp duty exemption granted during the 2019 merger between NIC Bank [...]
Kenyan Banks' Assets Fall by KSh 335bn, First Decline in Decades
In 2024, Kenya’s banking sector faced its first asset decline in decades, as KCB and NCBA led a KES 335 billion drop. This shift marks a significant turning point, influenced by high interest rates, inflation, and a tightening monetary policy. Discover how this downturn is reshaping the banking landscape and what the future holds.Navigating Forex Volatility: How Businesses Can Leverage Banks to Optimize Cross-Border Transactions
Kenya’s active participation in the ever-growing global trade market presents immense opportunities for businesses engaged in cross-border transactions. However, foreign exchange volatility remains a significant challenge for businesses that are [...]HF Group Earnings Surge Amid Pivot into a Fully Fledged Bank
HF Group has reported a 35% increase in net profit for the full year 2024 to KES 525 million, up from KES 388 million in FY2023. Financial Highlights Insights HF [...]One Fraud is Too Many James Mwangi Says as Equity Group Turns to AI to Fight Fraud
Equity Group has deployed artificial intelligence (AI) to help fight fraud in addition to its engagements with the Communications Authority and the DCI, MD and CEO Dr. James Mwangi said [...]NCBA Posts Marginal Profit Growth, Loan Loss Provisions Down 40%
NCBA Group closed 2024 with a net profit of KSh 21.9 billion, a 1.9% increase from 2023 on the back of a reduction in loan loss provisions and a significant [...]Ethiopia Maintains Benchmark Rate to Control Inflation
The National Bank of Ethiopia (NBE) has maintained the 15% benchmark rate to temper inflation and anchor exchange rate expectations at its second Monetary Policy Committee (MPC) meeting. The Committee [...]
Central Bank to Propose New Loan Pricing Model in April
The Central Bank of Kenya (CBK) is working on a new loan pricing model for loans and is considering submitting it to public participation, CBK Governor Dr. Kamau Thugge said [...]
