Kenya's Microfinance Banks Cut Back on Innovation
Microfinance banks (MFBs) are leading in the overall reduction of dedicated innovation teams among banking institutions, a new survey by the Central Bank of Kenya (CBK) shows. MFBs have cut [...]
Kenyan Banks Lead East Africa in Sustainable Banking- WWF Report
Kenyan banks scored an average of 43.7% in the WWF’s inaugural 2024 Sustainable Banking Assessment (SUSBA), second only to South Africa’s 50.1% among 25 banks surveyed across eight African countries. [...]Stanbic Bank Kenya Posts 16.6% Dip in Profits in Q1
Stanbic Bank Kenya, which once again maintained its tradition as the first bank to release earnings, reported a 16.6% drop in net profit for Q1 2025 to KSh 3.33 billion, [...]
Credit to Manufacturing Sector Drops to KSh 563Bn
In 2024, total approved credit to the manufacturing sector dropped to KSh 563.0 billion, according to the latest Economic Survey by the Kenya National Bureau of Statistics (KNBS). Manufacturing now accounts [...]The Rise of Conversational AI in Kenya’s Banks
In Kenya's banking sector, conversational artificial intelligence (AI) is emerging as a transformative force, reshaping customer interactions and service delivery. Leading financial institutions such as Absa Bank Kenya, Equity Bank, [...]
Pakistan's Bank Al Habib to Exit Kenya
In a strategic shift aimed at consolidating international operations, Bank Al Habib Limited (BAHL), headquartered in Pakistan, has announced the closure of its Representative Office in Kenya from May 15, [...]Kenyan Banks' Average Lending Rates Fall to 13-Month Low
Kenya’s commercial banks' average lending rate eased to 15.77% in March 2025 — the lowest level recorded in over a year — marking a turning point after months of elevated [...]CIB Kenya Confident in Meeting KSh 10bn Core Capital Threshold by 2029, Banks on Digital Growth
CIB Kenya is exuding confidence that it will comply with the tenfold increase of the minimum core capital requirement for Kenyan banks over the next five years. Under news laws [...]Banks Push Back on CBK's Loan Pricing Proposal, Warn of Credit Crunch
The Kenya Bankers Association (KBA) has opposed the Central Bank of Kenya’s (CBK) proposed changes to the credit pricing framework, warning that the reintroduction of interest rate controls would restrict [...]WWF Launches Inaugural Sustainable Banking Assessment for Africa (SUSBA) Report 2024
Banks in South Africa and Kenya lead Africa in the adoption and reporting of sustainable finance through Environmental, Social and Governance (ESG) integration, reveals WWF’s inaugural Sustainable Banking Assessment (SUSBA) [...]
NCBA Tanzania's Profits Fall 22.5%, Assets and Loans Grow in Q1
NCBA Bank Tanzania has posted a net profit of TZS 2.6 billion for the quarter ended 31 March 2025, a 22.5% decline from TZS 3.35 billion reported in the same [...]CBK Proposes Policy Rate as New Bank Lending Reference
The Central Bank of Kenya (CBK) has proposed a new pricing framework that would anchor all bank lending rates to the Central Bank Rate (CBR). In the regulator's proposed framework, [...]
