Stanbic Holdings Announces Retirement of Ruth Ngobi as Director
Stanbic Holdings Plc has notified shareholders that Ruth Theddesia Ngobi retired as Director from the Board during the firm's shareholders meeting held on 19th May 2022. Ms Ngobi joined the [...]
StanChart Kenya Q1 2022 Net Earnings up 16.7% to KSh 2.8 Billion
StanChart Kenya recorded a Net Profit of KSh 2.8 billion at the end of March this year, compared to KSh 2.4 billion over a similar period last year, an increase [...]Equity Group Invests KSh383 Million in DRC Subsidiary
Equity Group invested an additional KSh383 million in its Democratic Republic of Congo (DRC) subsidiary last year, underlining its confidence in that market which has become its most profitable outside [...]
Zimbabwe Lifts Temporary Ban of Lending Services by Banks
The Reserve Bank of Zimbabwe has lifted a 10-day temporary ban of lending services by banks. President Emmerson Mnangagwa announced the ban in a bid to halt the runaway depreciation [...]Central Bank Warns Digital Lenders On Licensing Deadline
The Central Bank of Kenya (CBK) has warned all unregulated digital credit providers(DCPs) that there will no extension to the licensing deadline of September 17th 2022. All previously unregulated DCPs [...]SA Lender Ubank Put Under Administration
Ubank Limited, a South African lender that is partly managed by mine workers, has been put under administration to protect its assets. South Africa’s Finance Minister Enoch Godongwana appointed KPMG [...]Stanbic Bank Kenya Net Earnings Up 15.7% to KSh 2.1B in Q1 2022
Stanbic Bank Kenya's Net earnings for Q1 2022 increased to KSh 2.1 billion compared to KSh1.8 billion over the same period in 2021, a growth of 15.7%. The listed lender's [...]Coop Bank Invests Additional Capital of KSh372 Million in its South Sudan Subsidiary
Kenya’s Coop Bank has pumped an additional capital of KSh372 million to its South Sudan subsidiary. In its eight years of operation, the subsidiary has accumulated losses of KSh3.29 billion. [...]CBK Accepts KSh 31.7 Billion in May T-Bonds Auction
Central Bank of Kenya(CBK), the state fiscal agent, received bids worth KSh 43.1 billion at the May 2022 primary Treasury Bonds Auction, out of KSh 60 billion on offer. This [...]CBK Collects KSh 23.1B at Weekly T-Bills Auction
The Central Bank of Kenya(CBK) has accepted KSh 23.1 billion at the weekly treasury bills auction after receiving bids worth KSh 24.5 billion, a performance rate of 102.28%. The most [...]Equity makes Net Profit of KSh 11.5Billion in Q1 2022
Equity Group Holdings Plc on Thursday reported a growth of 36 per cent in Q1 profit after tax to Ksh 11.9 billion up from Ksh 8.7 billion the previous year. [...]Nonkululeko Nyembezi Appointed Standard Bank's First Female Black Chairperson
Standard Bank Group Limited has appointed Nonkululeko Nyembezi as the first female Black chairperson, with effect from 1st June 2022. Nonkululeko Nyembezi replaces Thulani Gcabashe, who will retire after the [...]
