Ethiopian Airlines Gets $450mn from Citi for Five Boeing Planes
Ethiopian Airlines, Africa's largest carrier, has announced a USD $450 million loan agreement to finance the acquisition of five new Boeing aircraft. The deal comprises three Boeing 737-8 and two [...]
CBK Seeks KSh 35 Billion in Jan. T-Bonds Tap Sale
Central Bank of Kenya (CBK) has announced the issue of new three-year and re-opened five-year fixed coupon treasury bonds whose tap sale will remain open until 10th January 2024. CBK [...]
A Guide for Secure Online Transactions This Festive Season
As the festive season approaches, Kenya's Banking industry is stepping up efforts to educate consumers on the importance of online transactions vigilance through its longstanding campaign, #BeAlert #KaaChonjo. Celebrating more [...]Shelter Afrique to Develop Islamic Housing Finance Products
Shelter Afrique, a leading Pan-African housing finance institution has announced a collaboration with the Islamic Development Bank Institute (IsDBI) that aims to develop Islamic Housing Finance Products across Africa. Thierno [...]Explainer: How Kenya's Rate Hike Affects Consumers and Businesses
Kenya's Monetary Policy Committee (MPC) on Tuesday increased the benchmark Central Bank Rate (CBR) from 10.50% to 12.50%, the second increase since Governor Kamau Thugge assumed office. The MPC also [...]Cost of Loans to Rise as CBK Rate Changes to 12.50 per cent
The cost of loans is likely to go up following a decision by the Monetary Policy Committee (MPC) to revise upwards Central Bank Rate from 10.50 per cent to 12.50 [...]
Explainer: Why Your Company Needs a Balance Sheet
KCB's balance sheet grew to KSh 2.1 trillion in Q3 2023 compared to Equity Group which reached KSh 1.7 trillion over the same period. A balance sheet is one of [...]India Exim Bank to Set Up in Kenya
India Exim Bank has been given the green light by the Government of Kenya to locate its East Africa representative office in Nairobi. Exim Bank has previously provided Kenya with [...]Stanbic Bank Kenya Profits Up 32.7% to KSh 9.3 billion
Stanbic Bank Kenya Limited has posted a net profit of KSh 9.3 billion in Q3 2023 compared to KSh 6.9 billion over the first nine months of 2022, a growth [...]CBK Collects KSh 26.6 Billion at Weekly T-bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 27.6 billion at this week’s treasury bills auction, a performance rate of 115.1%. The 182-day treasury bills received bids worth KSh 2.37 [...]Rebecca Mbithi Exits Family Bank After 5 Years as CEO
Family Bank Chief Executive Officer Rebecca Mbithi, who steered the lender through a turbulent season that included the COVID-19 pandemic, has left the institution after a five-year term at the [...]KCB Group Profits Rise Marginally, Assets Surpass KSh. 2trn
KCB Group is now the first bank in the region with an asset size over Kshs. 2trillion.
