IM Bank Rwanda Gets New CEO; Benjamin Mutimura
IM Bank Rwanda has announced the appointment of Mr. Benjamin Mutimura as the new Chief Executive Officer (CEO), effective 1st July 2023. Benjamin was previously the Chief Commercial Officer (CCO) [...]
Equity Bank Stamps Authority with Rwanda Acquisition
Equity Bank Holding (EGH) has proposed to acquire Rwanda’s fifth largest bank Compagnie Generale de Banque plc limited to stamp its authority in the region. In a notice, the Kenyan [...]How Early Financial Literacy Can Transform Lives
Financial literacy plays a crucial role in the lives of everyone, and starting early can help avoid many money problems faced by individuals later in life. Recognizing this need, players [...]
Equity Bank Enters Agreement to Acquire Cogebanque, Rwanda's 5th Largest Bank
Equity Group Holdings Plc has announced its proposed acquisition of 91.93% of the issued share capital of Compagnie Générale De Banque (Cogebanque) PLC Ltd for a consideration of RWF54.68 billion [...]Kenya’s Banking Industry Balance Sheet Crosses KSh 6.5 Trillion Mark
Kenya’s Banking Industry Balance Sheet size stood at KSh 6.5 trillion as of December 31st2022, corresponding to 66% of Kenya’s Gross Domestic Product(GDP) in the same period. According to a [...]
Financial Sector Players in Kenya Join Forces to Promote Savings Culture
In a collaborative effort to promote financial literacy and enhance personal financial wellness, players from the financial sector in Kenya have launched a public awareness campaign called the Banking Industry [...]Neema Onsongo, Head of People Culture at Stanbic Bank Diversity, Equity, and Inclusion in the Banking Industry
The banking industry has historically been viewed as a male-dominated industry, lacking diversity and inclusion. However, there has been a growing recognition in recent years that diversity, equity, and inclusion [...]DTB Group Reports 11% Jump in Q1 Net Profit Driven by Non-Funded Income Growth
DTB Group released its first-quarter earnings report for 2023 recording a remarkable 10.8% year-on-year growth in after-tax profits, reaching KES 2.6 billion. This growth was primarily driven by a substantial [...]Relief for Loan Guarantors as New Bill Seeks their Protection
A New bill that seeks to protect an individual who guarantees a Bank or Sacco loan taken out by a defaulting borrower from the auctioneer’s hammer, is set to be [...]Absa Bank Kenya Q1 2023 Net Profit Up 51% to KES 4.5 billion, Assets Cross half-trillion mark
Absa Bank Kenya PLC has reported its financial performance for the first quarter of 2023 recording a growth of 51% in its Profit after Tax, reaching Kshs. 4.5 billion compared [...]Joseph Kinyua Elected Chairman of KCB Group
Kenya Commercial Bank (KCB) Group Plc has announced the election of Dr. Joseph Kinyua as the new Chairman of the Board, subject to regulatory approval. The appointment follows the retirement [...]IM Bank Q1 Earnings Unchanged
IM Bank has released its financial results for the first quarter of 2023 posting a flat Profit After Tax of KES 2.7 billion. During the quarter, the bank's total assets [...]
