Access Bank Acquires Standard Chartered Subsidiaries in Africa
Standard Chartered Bank and Access Bank Plc have reached agreements for the sale of Standard Chartered's shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, as well [...]
Co-operative Bank Receives Sh13.8B To Lend MSMEs
The Co-operative Bank of Kenya has received a long term 7-year funding facility amounting to Sh13.8 billion from a consortium of financial institutions led by DEG for on-lending mainly to [...]CBK Accepts KSh 36.4 Billion at Weekly T-Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 36.443 billion at this week’s Treasury Bills Auction out of KSh 24 billion offered, an oversubscription of 151.85%. The CBK accepted bids [...]
CBK Accepts KSh 30.09 B at Weekly T-Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 30.12 billion at the weekly treasury bills auction, out of KSh 24 Billion, an oversubscription of 125.49% with the CBK accepting KSh [...]CBK Rolls Out Its Internship Program
Central Bank of Kenya(CBK) has set 24th July 2023 as the deadline for applicants to its internship program that seeks to develop a pool of young talent adequately exposed to [...]AfCFTA in USD6 billion deal to finance Africa’s SMEs
The Africa Continental Free Trade Area (AfCFTA) Secretariat has signed a multi-million deal agreement with UBA to support Small and Medium Enterprises (SMEs) in Africa. In a deal signed in [...]Kenya Secures USD 500 Million Syndicated Medium-Term Loan Facility
The Kenyan Government has secured a Syndicated Medium-Term Loan Facility amounting to USD 500 million to finance development projects in 2023/4 budget. The loan, which has a tenure of 3 [...]
Diamond Trust Bank and Kenya Bankers Association Collaborate to Empower SMEs with ESG Practices
In a strategic effort to drive sustainable business growth and promote responsible practices among micro, small, and medium enterprises (MSMEs), Diamond Trust Bank (DTB) partnered with the Kenya Bankers Association [...]Standard Chartered Q2 Global Outlook Advice to Investors
Standard Chartered Bank (SCB) has released the Half- Two Global Market Outlook report dubbed ‘Keep CALM and carry on’ to guide investors on their next move. The report states unique [...]Absa Kenya Introduces ‘Buy Now Pay Later’ Product
Absa Bank Kenya has unveiled its Buy Now Pay Later (BNPL) offering saying this option will help its customers better manage their expenses. The offering is a self-service payment option [...]ICIFA Launches College for Investment and Finance Professionals
The Institute of Certified Investment and Financial Analysts (icifa) has launched a College to provide professional investment and finance education. The College targets students and practitioners who wish to attain [...]CBK Raises Key Benchmark Rate to 10.50%
The Central Bank of Kenya (CBK), through its top policy-making organ-the Monetary Policy Committee (MPC), has revised upwards the benchmark base lending rate from 9.50% to 10.50%. This monetary tightening [...]
