SACCOs to Soon have Own Inter-Lending Facility
SACCOs( Savings and Credit Co-operative Societies) that are licensed to collect deposits will soon have a central liquidity facility that allows these societies to lend to each other. This is [...]
Development Bank Ghana Launches; Seeks to Support SME Lending
After having been first conceived in 2017, the Development Bank Ghana (DBG) was finally launched this week to help catalyse growth in the country’s small and medium enterprise sector. The DBG has [...]
Peter Kioko Appointed Acting Managing Director of the National Bank of Kenya
The National Bank of Kenya (NBK) has appointed Peter Kioko as acting Managing Director effective June 10, 2022. Peter Kioko will take over from Paul Russo who was appointed as [...]
CBDCs Could Foster Innovation, Reduce Transaction Costs and Improve Cross Border Payments Central Bank Kenya Governor
The governor of the Central Bank of Kenya Dr Patrick Njoroge said on Friday that the introduction of Central Bank Digital Currencies (CBDCs) could promote innovation, help reduce the cost [...]
CBK Collects KSh 73.8B from 18-yr Infrastructure Bond Sale
Central Bank of Kenya(CBK) received bids amounting to KSh 76.4Billion from the 18-year Infrastructure Bond issued in May 2022, a performance rate of 101.83%, with the state fiscal agent accepting [...]Access Bank Set to Acquire Centum's 83.4% Stake in Sidian Bank
Nigeria’s top lender, Access Bank, will acquire majority stake in Sidian Bank from Centum Investments for Ksh4.3 billion ($36.8 million), two years after it entered the Kenyan market with the [...]KCB Group Re-Elects Two Directors At its 51st AGM
KCB Group Plc held its 51st Annual General Meeting(AGM) on 3rd June 2022, where shareholders re-elected Lawrence Njiru and Andrew Kairu (Chairman of the KCB Board). This is after these [...]Top 10 Women To Watch In Banking Finance To Be Celebrated During 2022 Angaza Awards Ceremony
The Angaza Awards Women to Watch in Banking Finance program will on 8 June celebrate the 2022 list of Top 10 women who are steering and shaping Africa’s financial [...]Ethiopia Tweaks Rules to allow Foreign Banks and Fintechs
The National Bank of Ethiopia has began tweaking the country's banking regulations in a move aimed at allowing foreign banks and Fintechs to start operations in the country. Some of [...]BoT Gets Sauda Msemo as Deputy Governor
Bank of Tanzania(BoT) is set to have Sauda Kassim Msemo as Deputy Governor after being appointed to that position by President Suluhu Samia. This appointment takes effect on 1st June [...]KBA urges CBK to Hike Policy Rate
Kenya Bankers Association (KBA), a lobby group for Kenya’s Banking Industry, is urging the Central Bank of Kenya(CBK) to raise the policy rate when its Monetary Policy Committee(MPC) meets on [...]CBK Collects KSh 12.5B at Weekly T-Bills Auction
CBK Accepted bids worth KSh 12.5 billion at the Weekly Treasury Bills auction out of bids amounting to KSh 13.1 billion out of KSh 24 billion offered, an undersubscription of [...]
