Absa Bank Kenya appoints insider Moses Muthui as interim CFO
Absa Bank Kenya has appointed its head of strategy, Moses Muthui, as its new Chief Finance Officer (CFO) in an interim capacity, effective November 1, 2022. Moses was appointed to [...]
Absa Bank Kenya appoints Yusuf Omari as interim CEO
The Board of Absa Bank Kenya has appointed Yusuf Omari to take over as Interim Chief Executive Officer and Managing Director effective 1 November 2022. Yusuf Omari will replace Jeremy Awori [...]Loan Prices Hit Close to a 3-Year High on Tight CBK Lending Rates
Borrowers have begun feeling the pinch of tightening lending rates by the Central Bank of Kenya (CBK), with the cost of loans by commercial banks already hitting a 33-month high [...]
KCB Group Disburses Loans Worth KES 336 Billion for Eco-Friendly Projects
KCB Group has disbursed KES 336 billion worth of loans in the last two years for projects that are eco-friendly as the lender deepens its push for sustainable finance. The [...]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 [...]
