Co-operative Bank Profits Increase by 4.4% to KSh 19.2 bn
The Co-operative Bank posted KSh 19.21 billion in the 9 months to September, a 4.4% uptick from KSh 18.4 billion recorded in the same period a year earlier. Total assets [...]
Celebrating Nuru Mugambi: A Champion for Women in Finance Across Africa
I first met Nuru Mugambi in 2017 when she headed the Public Policy and communications at the Kenya Bankers Association (KBA). From that initial encounter, we quickly established a professional [...]
Treasury Bill Rates Decline Further to 2023 Levels
Interest rates on Treasury bills have declined to levels last seen in August 2023, all below 14%, amid the Central Bank of Kenya’s resolve to begin the easing cycle in [...]Central Bank Cautions Against False Information on Banking Sector
The Central Bank of Kenya (CBK) has cautioned against erroneous information by malicious actors on the stability of the country's banking system. CBK has not issued any press release, or [...]
President Ruto Nominates CBK Insider Gerald Nyaoma as Second Deputy Governor
President William Ruto has nominated Gerald Nyaoma Arita to the vacant Deputy Governor position of Central Bank of Kenya. If approved by Parliament, Nyaoma will take up the vacant second [...]Female-Led Firms Default Less on Loans in Sub-Saharan Africa- EIB Report
Banks in sub-Saharan Africa are increasing their focus on gender balance in lending with majority of the institutions reporting better loan performance among female-led firms. “Banks continue to report better [...]Equity Group Q3 Profits Up 13% to KSh 40.9 bn
Equity Group's net profit for the 3rd quarter grew 13.1% to KSh 40.9 billion primarily driven by an increase in operating income boosted by growth in the Tanzania and Rwanda [...]Pakistan's Meezan Bank Joins the International Islamic Trade Finance Corporation
Meezan Bank, Pakistan's largest Islamic bank, has partnered with the International Islamic Trade Finance Corporation (ITFC), a member of the multilateral Islamic Development Bank Group (IsDB). The Letter of Credit [...]Ethiopia Launches Online Interbank Lending Platform
The National Bank of Ethiopia (NBE) has launched an electronic money market trading platform to allow for interbank lending, the apex bank said on Thursday. “This initiative enables banks to [...]How Banks Can Tap Design Thinking to Improve Customer Experience
Centering customers' personalities and preferences is a complex maze for banks and financial institutions, motivating them to rely on experts in concepts such as design thinking. We look at the [...]Over 270 National Bank Staff to Lose Jobs in Merger with Access Bank
Access Bank Plc will retain at least 80 per cent of National Bank of Kenya (NBK) employees for at least one year as a condition by the Competition Authority for [...]Exclusive: JPMorgan CEO Jamie Dimon Speaks on Africa's Growth Potential
Mid this month, JPMorgan Chase, the largest bank in the United States with more than $4.2 trillion in assets, marked a strategic expansion into Sub-Saharan Africa by opening representative offices [...]
