Equity Introduces a Virtual Assistant ChatBot on Social Media Platforms
Equity Bank has introduced its Equity Virtual Assistant (EVA), the Bank’s chat banking platform on social media platforms including WhatsApp, Facebook Messenger, and Telegram. EVA chatbot offers digital banking and [...]
CBK Raises KSh 16.9 Billion in May T-Bond Tap Sale
Central Bank of Kenya(CBK) received bids worth KSh 17 billion at the May Treasury Bonds tap sale out of the advertised amount of KSh 10 billion and accepted KSh 16.9 [...]
Equity Group's Insurance Business Gets Boost from KSh400 Million Investment
Equity Group has invested KSh400 million in establishing a subsidiary that will run its insurance business as the listed firm seeks to diversify from the mainstay banking operation. According to [...]
Stanbic Partners with Kericho County to Offer Financial Support to SMEs in the County
Kericho County government has signed a deal with Stanbic Bank to offer financial support to Small and Medium Enterprises (SMEs) to grow their businesses in addition to sponsoring digital skills [...]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. [...]
