Equity Bank Emerges Best Financier for Women Entrepreneurs at the Global SME Finance Awards 2022
Equity Bank has emerged as the Best Financier for Women Entrepreneurs at the Global SME Finance Awards 2022 organized by the International Finance Corporation (IFC). The lender was also named [...]
Inside Equity Bank's Ambitious Plan To Transform the Economy of DR Congo
Equity Group was founded in 1984 as Equity Building Society (EBS) with the goal of providing mortgage financing for the low income population. At the time, the vast majority of [...]
SBM Bank Commits To Expansion In Kenya, Secures $10 Million To Support Small Businesses
SBM Bank Kenya has signed an agreement with African Guarantee Fund (AGF) amounting to USD 10,000,000 aimed at increasing its financing of Micro, Small and Medium-sized Enterprises (MSMEs). The facility, [...]Ex-KCB CEO Joshua Oigara in Talks to be Hired as Standard Bank Kenya Head
Standard Bank Group Ltd.’s Kenyan unit is in talks to hire Joshua Oigara, former head of KCB, as its chief executive, according to a report by Bloomberg. Joshua Oigara was, [...]
Agriculture at the Heart of Equity Bank’s Financial Model
The current global economic crisis has led to a sharp increase in food prices and is a stark reminder of the importance of increasing our food production capacity and reducing [...]
Panic as Customers Unable to Withdraw Cash at First Community Bank
Shariah-compliant First Community Bank customers are unable to withdraw their monies as the bank limits heavy drawings occasioned by panicking customers. FCB chief executive officer, Mr Hussein Hassan, said in [...]CRB to Remove Over 4 Million Fuliza Loan Defaulters Starting November
Over 4 million Fuliza defaulters will be removed from the Credit Reference Bureau (CRB) and other blacklists from November this year, the government and lenders have announced. The announcement made [...]Why becoming a Neobank is paying off for Branch
Branch International, a fintech company that pioneered personal loans via smartphones, raised eyebrows early this year when it announced that it was buying Century Microfinance Bank. The company’s majority acquisition [...]Former Central Bank Governor Njuguna Ndung'u Nominated Minister for Treasury
Kenya's President William Ruto on Tuesday 27th December 2022 nominated former Central Bank of Kenya (CBK) Governor Njuguna Ndung'u as the new Cabinet Secretary for the National Treasury and Planning. [...]Kenya's Victoria Commercial Bank Secures $20 Million Loan from Arab States Owned Bank
Kenya's Victoria Commercial Bank has announced it has secured a USD 20 million Line of Credit for Financing Private Sector Projects from The Arab Bank for Economic Development in Africa [...]Kenya Bankers Association Calls on CBK to Maintain Interest Rates ahead of MPC Meeting
The Kenya Bankers Association (KBA) is asking for a hold in interest rates ahead of Thursday, 29th September's Central Bank of Kenya Monetary Policy Committee meeting. KBA cites the following [...]Ethiopia Caps Foreign Holding in its Local Banks at 30%
Kenyan banks planning to enter Ethiopia through local joint ventures will be able to buy only up to 30% stake in the latter's banks. The cap is applicable for foreign [...]
