Rwanda makes strides in adoption of green finance
Tony Francis Ntore, CEO OF Rwanda Bankers Association dwelt on the subject of the Adoption of green finance in the East African community banking sector. Green finance is a paradigm [...]
CBK Collects KSh 15.7 Billion from Weekly T-Bills Auction
The Central Bank of Kenya (CBK) received bids worth KSh 18.2 billion at the weekly treasury bills auction and accepted bids worth KSh 15.7 billion, a performance rate of 75.63%. [...]CEO Chat: Promoting Cross-border Trade in the EAC, with Tusekelege Joune, TBA Director
The East African Community (EAC) Banking Association, an umbrella lobby formed more than a decade ago, has been sharing information among member associations, undertaking capacity building as well as benchmarking, [...]Absa Bank sets Aside Over Ksh120b for Sustainable Projects
Absa Bank Kenya has locked over KSh120 billion to influence sustainable projects within the Kenyan economy in the next three years. In its new Sustainability Report released on Wednesday, Absa [...]
Kenya Shilling Exchange Rate Overvalued Against US$, says CBK Governor
Kenya's Central Bank Governor, Dr Kamau Thugge, has disclosed that the Kenya Shilling exchange rate against the US dollar and other hard currencies has been artificial and overvalued, exerting extreme [...]Kenya's Banks Among the World's Best-performing Report
McKinsey Company published its 2023 Global Banking Annual Review which unpacks the shifts in balance sheet, transactions, and distribution that have seen banks shift to capital-light nontraditional institutions and [...]
CBK Seeks KSh 50 Billion in 6.5 Years Infrastructure Bond
The Central Bank of Kenya (CBK) has floated a six-and-a-half-year Infrastructure Bond worth KSh. 50 billion for funding of infrastructure projects in the 2023/24 budget estimates. According to the CBK [...]Absa Bank Kenya PLC commits Ksh100 billion to empower MSMEs
Absa Bank Kenya has announced a Ksh100 billion funding commitment to spur the development of Micro, Small and Medium Enterprises (MSME) across various value chains over the next three years. [...]Tyme Cofounder Tjaart Van Der Walt on Building Digital Banking Platforms for Emerging Markets
At the recent Kauffman Fellows Africa VC Summit in Nairobi, we caught up with Tjaart Van Der Walt, Director and co-founder Tyme. “We now have over 8 million customers on [...]CEO Chat; Green Investment Opportunities in East Africa with Dr Habil Olaka
Manufacturing, transport, and the agricultural sector have been identified as those that offer the most significant opportunities in terms of green projects. The manufacturing sector which is a significant contributor [...]CEO Chat; Uganda Hits 24 Million Bank Accounts Uganda Bankers Association UBA
Uganda has increased the number of bank accounts to 24 million from 6 million bank accounts six years ago as it strives to improve financial inclusion. Speaking during the October [...]Absa Bank Raises Mobile Transaction Limits, Following CBK Directive
Absa Bank Kenya PLC has announced an increase on transaction limits on its Timiza wallet, following Central Bank of Kenya (CBK) directive. Early September, CBK issued a statement allowing payment [...]
