Who Will be the Next Governor of Central Bank of Kenya? Meet the Finalists
The Public Service Commission of Kenya has released a list of six candidates who have been shortlisted for the position of Governor of the Central Bank of Kenya. The new [...]
Annastacia Kimtai Appointed KCB Bank Kenya Managing Director.
KCB Group Plc has appointed Annastacia Kimtai as the Managing Director of the group's Kenyan unit; KCB Bank Kenya Limited. Annastacia who has been serving as the Retail Banking Director [...]
Commercial Banks Lending Rate Surpasses 13% Mark
The lending rate of commercial banks has surpassed the 13% mark for the first time since July 2018, this follows the Central Bank of Kenya's (CBK) increase in benchmark rates [...]Stanbic CFO Dennis Musau on how the adoption of the Risk-Based Loan Pricing Model will promote transparency, improve operational efficiency and empower customers
Bank performance is crucial for economic growth and development in any country. Kenya’s banking sector is often considered the backbone of the economy, as it plays a significant role in [...]
Former Kenyan Head of Public Service Joseph Kinyua Joins KCB Group Board of Directors
KCB Group, one of the leading banks in Kenya, has announced the appointment of Dr. Joseph Kinyua to its Board of Directors. The appointment, which has been approved by regulatory [...]CBK Approves 62.5% Acquisition of First Community Bank by Premier Bank LTD, Somalia
The Central Bank of Kenya (CBK) has approved the acquisition of 62.5 per cent of the shareholding of First Community Bank Limited (FCB) by Premier Bank Limited, Somalia (PBLS) effective [...]The Case for Ajay Banga as World Bank President: Dr James Mwangi's Opinion
In his opinion piece for The Daily Nation Newspaper in Kenya, Dr James Mwangi, the Group CEO of Equity Bank, has expressed his support for Ajay Banga's nomination as World [...]YC backed Verto launches USD accounts with funds 100% Safeguarded for African Startups, Enterprises and VCs: Platform used by MTN, Jumia, Maersk and Interswitch
Verto, London-based and authorised by the UK FCA as an Electronic Money Institution, has launched 100% Safeguarded USD accounts that see funds deposited held in protected accounts. Following the recent [...]Absa Bank Kenya Reports 34% Growth in 2022 Net Profit to KES 14.6 Billion
Absa Bank Kenya PLC has reported a Profit after Tax of KES 14.6 billion for the period ended December 31, 2022, a 34% growth compared to a similar period last [...]HSBC UK acquires Silicon Valley Bank UK for £1 after SVB collapse
HSBC UK Bank plc, the UK ring-fenced subsidiary of HSBC Holdings plc, has acquired Silicon Valley Bank UK Limited (SVB UK) for £1. This comes after SVB collapsed on Friday [...]Kenyan Consumers Show Strong Savings Culture Despite Financial Challenges; Tala Money March report
Tala, a fintech licensed and regulated by the Central Bank of Kenya, recently conducted research to understand the impact of the cost of living on its customers in the Kenyan [...]Stanbic Holdings Reports Strong Financial Results, Declares KES 4.98 billion in dividends
Stanbic Holdings Plc has released its full-year 2022 financial results, revealing a strong performance across all revenue lines. Despite the challenges faced in the market, the bank achieved a significant [...]
