Gulf African Bank Appoints Anuj Mediratta as New CEO
Gulf African Bank has appointed Mr Anuj Mediratta as its new Chief Executive officer, following the retirement of Abdalla Abdulkhalik who will now serve in a new role as an executive director. [...]
Why Kenyan Banks Reported High Profits in 2021
Most Kenyan Banks reported high net earnings and declared dividend payouts to shareholders for the Financial Year ending December 2021 despite the adverse effects of the prevailing COVID-19 on the [...]StanChart to Exit 7 markets in Africa, Middle East.
StanChart Bank Plc, the UK-based lender, plans to shut down its network in seven countries in Africa and the Middle East. This is as it seeks to grow its presence [...]
Standard Investment Bank Launches Eurobond Trading for Kenyans
The Standard Investment Bank (SIB) has established a desk that will enable Kenyans to invest and trade in Eurobonds issued by the government. Standard Investment Bank, which offers offshore trading [...]Equity to Boost Investment in DRC with $100 Million Capital Injection
Equity Group CEO and Managing Director, Dr James Mwangi has announced plans for the lender to boost investment in the DRC with a $100 million capital injection into into its [...]Co-operative Bank Receives Ksh 550 million Loan from KMRC
The Co-operative Bank took a loan of kes 549.8 million from the Kenya Mortgage Refinance Company (KMRC) last year for onward lending to home buyers, disclosures by the lender’s majority [...]
MTN Given Green Light to Offer Banking Services in Nigeria
The Central Bank of Nigeria has given Nigeria’s largest telecommunications provider, MTN a green light to offer commercial banking services in Nigeria. This comes four months after an approval-in-principle granted to the [...]CBK to Engage in Trading of Govt. Bonds
The National Treasury intends to amend the Central Bank of Kenya(CBK) Act to facilitate the establishment of a Central Securities Depository System that will allow the monetary authority to engage [...]CBK Collects KSh 14.5 B at Weekly Auction
The Central Bank of Kenya(CBK) accepted KSh 14.4 Billion at the Weekly Treasury bills auction after receiving bids worth KSh 14.5 Billion, an under subscription of 60.37%. This auction's most [...]Central Bank of Ghana Warns against Transacting in Foreign Currencies within the Country
The Central Bank of Ghana has warned citizens against using foreign currencies to transact business within the country, including engaging in foreign exchange business. The Central Bank of Ghana has [...]Banks to Pay Fat Dividend Cheque of KSh 51.7 B
Banks listed on the Nairobi Securities Exchange(NSE) will pay huge dividends to their shareholders as the lenders recover from effects of the pandemic, amounting to KSh 51.7 Billion, an increase [...]CBK Accepts KSh 33.1 B from April T-Bonds Tap Sale
The Central Bank of Kenya(CBK) accepted KSh 33.1 Billion at the April Treasury Bonds tap sale. It received bids worth KSh 34 Billion worth of KSh 40 Billion offered at [...]
