CBK Collects KSh 43.6Billion at Weekly T-Bills Auction, 186% Oversubscription
The Central Bank of Kenya(CBK) accepted bids worth KSh 43.6 billion at the Weekly Treasury Bills Auction conducted this Thursday 17th August 2023 after receiving bids worth KSh 44.7 billion, [...]
Co-operative Bank’s First-Half Profit After Tax rises to Sh12.1B
Co-operative Bank’s profit after tax for the first-half of this year stands at Sh12.1 billion, compared to Sh11.5 billion reported same period last year. According to the bank, net loans [...]
Kenyan Firms Cautious About Hiring Staff, Contrary to Banking Sector
Kenya’s banking industry is expecting to hire more workforce this year to support their planned business growth and bank functions to fulfil strategic objectives. Market Perceptions Survey by the Central [...]Political Uncertainty and Weakening Shilling Dampen Kenya's Economic Outlook: Central Bank Survey
Kenya’s economic growth prospects remained subdued in July on account of high interest rates, political noise in the country and a weakening Kenya Shilling against hard currencies, all combining to [...]Equity Group Half Year 2023 Net Profit Jumps 7.8% to KES 26.3 Bn
Equity Group has released its half year 2023 financial results reporting a 7.8% growth in after-tax profits to KES 26.3 billion. The profitability was driven by a jump in non-funded [...]Central Bank Approves Safaricom's M-PESA Account Limit Increase to KSh. 500,000
The Central Bank of Kenya has granted approval to Safaricom Plc to increase the M-PESA account limit to KSh. 500,000. This new limit, effective from August 15, 2023, applies to [...]KCB in KSh 1 Billion deal with SIDA to support SMEs
Kenya Commercial Bank(KCB) has signed a deal with Swedish International Development Cooperation Agency(SIDA) worth KSh 1 billion to set up a guarantee fund for Small and Medium-sized Enterprises(SMEs). The 7-year [...]Stanbic Holding's Half-Year Profit Jumps 47% To Sh7.1 billion
Stanbic Holdings has reported Sh7.1 billion profit after tax in the first-half result released on Thursday, from Sh4.8 billion reported same period last year. During the period, revenue grew by [...]Central Bank of Kenya Retains Benchmark Interest Rate at 10.50%
The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) on Wednesday maintained the benchmark interest rate at 10.50% for the second time under the leadership of the [...]KBA Urges Retention of Benchmark Rate
Kenya Bankers Association (KBA) has urged the Monetary Policy Committee, a top policy making organ of the Central Bank of Kenya(CBK) to retain the benchmark rate at 10.50%. KBA said [...]CBK Accepts Bids Worth KSh 10.3 Billion at Weekly T-Bills Auction
The Central Bank of Kenya(CBK) collected KSh 10.3 billion at the weekly treasury bills auction out of bids worth KSh 11.3 billion received, a performance rate of 47.1%. Bidders were [...]Angaza Forum Rwanda: NCBA's Lina Higiro Calls for Diversity and Inclusion in Financial Leadership
The constitution in Rwanda notes that Gender equality between Men and Women must be granted in all their rights. In 2015, Rwanda introduced a legislation that requires all public organizations [...]
