Kenya stands out in the 2021 Global Findex
Kenya is among the top five countries that have made significant progress in digital finance in the 2021 Global Findex, released by the World Bank. The World Bank’s Global Findex [...]
How Absa Bank Supports SMEs Beyond Lending
Across the world, Micro-Small and Medium-Sized Enterprises play a crucial role in being the backbone of the economies. The sector accounts for more than 70 percent of all jobs globally [...]
Absa Bank Kenya Partners With Visa To Unveil domestic and cross-border remittance service
Absa Bank Kenya has partnered with financial and payment cards company Visa to launch a domestic and cross-border remittance service that will allow seamless person-to-person money transfers and persons-to-businesses payments [...]KBA Reconstitutes Governing Council Members
The Kenya Bankers Association (KBA) membership on Thursday re-elected NCBA Bank Managing Director and CEO John Gachora and Family Bank Chief Executive Officer Rebecca Mbithi as the advocacy group’s Chairman [...]
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 [...]
