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 [...]Family Bank Q1 2022 Net Profit up 43.7% to KSh 733.1m
Family Bank Limited posted an increase in net profit to KSh 733.1m at the end of March this year compared to KSh 510.2m over the same period last year, a [...]Family Bank Acquires Ksh 1.95 Billion for Onward Lending to SMEs and the Education Sector
Family Bank has secured a total of Ksh. 1.95 billion, USD 17 million, from BlueOrchard Finance Ltd (BlueOrchard) managed funds to extend to the Small and Medium-Sized Enterprises (SMEs) and to support [...]
Co-op Bank Q1 Net Profit Up 65.7% to KSh 5.8B
Co-operative Bank of Kenya recorded a 65.7% increase in net profit to KSh 5.8 billion at the close of Q1 2022. This is compared to KSh 3.5 billion over a [...]KCB Records a Jump In Profits in Q1 to Ksh 9.9 Billion
KCB Group has reported a 54.6 per cent rise in profit after tax to Sh9.9 billion in Q1 2022 from Sh6.4 billion recorded in 2021. The lender attributed the rise [...]Absa Bank Kenya Q1 2022 Profit Up 22% to Ksh 3 Billion
Absa Bank Kenya PLC has on Wednesday released its financial results for the first quarter of 2022 posting a 22% growth in Profit after Tax to Ksh 3 billion. The Bank's total income [...]
Absa Bank Kenya Customers To Access Over 2200 Kenswitch ATMs
Kenswitch Kenya Limited and Absa Bank Kenya Plc have signed a partnership that will allow the bank's customers to access over 2200 ATMs on the Kenswitch network. Under the partnership, [...]Mobile Money Transactions Hit Ksh 1.82 Trillion in Q1 2022-CBK
Kenya’s mobile money use hit a new high of Sh1.82 trillion in the first quarter of 2021 as businesses fully recover from the effects of the Covid-19 pandemic, according to [...]KCB Group Appoints Paul Russo as MD CEO, Joshua Oigara leaves after 10 years at the helm
KCB Group has confirmed that Joshua Oigara, Chief Executive Officer and Managing Director of Kenya Commercial Bank (KCB) Group is stepping down at the end of May 2022, after serving [...]
