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 [...]
Equity Group Commits to Zero-Lending for Coal Projects in Finalised IFC Deal
The International Finance Corporation (IFC) and the IFC Financial Institutions Growth Fund has acquired a 6.71% stake in Equity Group, becoming the second-largest shareholder after Arise BV of Norway and Netherlands. The [...]Zimbabwe Suspends Bank Lending to Curb Currency Decline
The government of Zimbabwe has ordered banks to stop lending with immediate effect, seeking to curb its rapid devaluation on the black market. The country reintroduced a local currency in [...]ABSA Bank Kenya to Hold 43rd AGM on May 26th
ABSA Bank Kenya Plc has informed its shareholders that the lender’s 43rd Annual General Meeting(AGM)will be held electronically on Thursday, May 26th 2022, at 10.00 am. The shareholders meeting, among [...]KCB Set Open New Subsidiary in Rwanda
Kenya Commercial Bank (KCB) Group has announced plans to open a new subsidiary in Rwanda, seeking to double its regional business in the next two years and support economic expansion [...]Cyber Attacks Remain Key Risk in Online Banking CBK
A new survey by the CBK dubbed the banking sector innovation survey shows that commercial banks have identified cyberattacks as a key risk to online banking innovation as they continue [...]
African Banker, Backbase Release Report on Digital Banking
African Banker magazine and Backbase, the leading Engagement Banking Platform, have partnered to produce the 2nd edition of a report on African Digital Banking. African Banker’s editorial team surveyed more [...]Bank of Uganda Blacklists All Cryptocurrency Dealers
The Bank of Uganda(BOU) has warned all licensed entities under the National Payments Systems Act to desist from facilitating crypto-currency transactions. “We have noted press reports and adverts advising the [...]CBK Seeks KSh 60B in T-Bonds Sale in May
The Central Bank of Kenya(CBK) is seeking KSh 60 billion in May, through Treasury Bonds Sale, for budgetary support. CBK offer to investors The Treasury Bonds on sale are the [...]
