DTB Group Posts KSh 7.6bn in Net Profits
Diamond Trust Bank (DTB) Group has reported a 25% bump in profit before tax to KSh 11.27 billion, up from KSh 9 billion in 2023, despite a challenging economic environment [...]
Somalia Joins Afreximbank as it Seeks to Boost Economic Growth
Somalia has become the 53rd country to join the African Export-Import Bank (Afreximbank) after signing the Establishment Agreement of the multilateral bank. By joining the Bank, Somalia embarks on a [...]
Ecobank Kenya Injects KSh 3.5bn to Meet Central Bank’s New Capital Requirements
Ecobank Kenya has injected KSh 3.5 billion into its capital base, ramping up its total core capital to KSh. 8.5 billion as it works to meet the Central Bank of [...]Ethiopia Issues First Investment Bank, Securities Dealer Licenses
Ethiopia's capital markets regulator has licensed the first two investment banks-CBE Capital S.C. and Wegagen Capital S.C.-,as well as three other licenses as part of the country's ongoing financial reforms. [...]Stanbic CEO Joshua Oigara Optimistic on Economy, Sees More Bank Consolidation
The Central Bank of Kenya’s decision to raise the minimum core capital requirement for banks to KSh 10 billion will drive further consolidation in the sector, according to Joshua Oigara, [...]
Steady Shilling Protects Absa Bank as Bad Loans Jump to Ksh 42.5Bn
Absa Bank Kenya's net earnings have risen by 28% to Kshs. 20.9 billion, as the lender navigates shifts in borrower trends, and a rise in non-performing loans whose impact has [...]Co-op Bank's Profits Surge by 9.8% to KSh 25.5bn, Loan Book Stagnates
The Co-operative Bank of Kenya (Co-op) has reported a 9.8% increase in profit to KSh 25.5 billion in 2024 from KSh 23.2 billion in 2023. Operating expenses increased by 17.7% [...]Standard Chartered Kenya Increases Dividend by 55% as Profit Surges
Standard Chartered Bank Kenya will pay shareholders a total dividend of KSh 45 per ordinary share—55% higher than 2023—after reporting a 45% leap in net profit for 2024 to KSh [...]KCB Group Profits Surge 65% to KSh 61.8 Bn in 2024
KCB Group has registered KSh 61.8 billion net profit in 2024, a 64.9% jump from KSh 37.5 billion in 2023 driven by an increase in revenue. However, total operating expenses increased [...]UBA Kenya Inducts 20 Graduates into Management Acceleration Programme
United Bank for Africa (UBA) Kenya has inducted 20 Kenyan graduates into its prestigious Graduate Management Acceleration Programme (GMAP). The graduates were part of the 1,138 young professionals absorbed into the [...]CBK Proposes New Banking License Fees
The Central Bank of Kenya (CBK) has proposed an overhaul of commercial banking license fees, marking the first review in 33 years. “For the purposes of these Regulations, gross annual [...]Court of Appeal Backs Bank of Baroda in Retirement Age Dispute with Union
The Court of Appeal has ruled in favor of Bank of Baroda (Kenya) Limited in a labour dispute by overturning a lower court’s decision that had declared the lender’s retirement [...]
