Family Bank Secures KSh1.1 Billion Grant to Support Tea Farmers in Kenya
Family Bank has received a KSh1.1 billion grant from the eco.business Fund to provide credit to sustainable tea farmers across the country. The credit facility will see sustainability-certified companies and [...]
Kenyan Banks’ at Risk, says Fitch Ratings
Kenyan banks’ profitability recovery may be disrupted by the Russia-Ukraine conflict through second-order risks to the banks' operating environment, Fitch Ratings says. According to the US rating agency, lenders in [...]
Stanbic Uganda Net Profit up 11% to USh 269 Billion
Stanbic Uganda Holdings Limited(SUHL) recorded a Net Profit of KSh 269 billion for the year ended 31st December 2021, an increase of 11%. Its performance was driven mainly by the [...]BK Group Net Profit Up 35% to US$ 51.2 Million
Bank of Kigali(BK) Group Plc, listed on the Nairobi Securities Exchange(NSE), recorded a Net profit of $ 51.2 Million or Rwandan Franc(FRw) 51.9 Billion in 2021 from $ 39.3 Million [...]Family Bank Records 131.6% Rise in Earnings to Kes 3.3 Billion in 2021
Family Bank Group has recorded a Kes 3.3 billion Profit Before Tax for the year ended 31 December 2021, marking a 131.6% growth in earnings. The growth in earnings was [...]
KCB Group Receives Regulatory Approval to Merge Rwanda Units after BPR Acquisition
KCB Group PLC says it has received regulatory approval by the National Bank of Rwanda (BNR) to merge its newly acquired Banque Populaire du Rwanda (BPR) and KCB Bank Rwanda. [...]Safaricom and Gulf African Bank Launch Shariah-Compliant Mobile Loan Product
Safaricom and Gulf African Bank haveannounced apartnership to a Shari'ah-compliant mobile financing product dubbed Halal Pesa riding on M-Pesa. The two companies said Halal Pesa now becomes the first Shariah-compliant [...]IM Net Profit Up 2.4% to KSh 8.6B in 2021
IM Group Plc recorded a marginal increase in Net Profit to KSh 8.6 Billion in 2021 compared to Profit After Tax of KSh 8.4 Billion over a similar period in [...]Depositors in 3 Collapsed Banks to Receive KSh200 Million from KDIC
Depositors in 3 collapsed banks are set to receive KSh200 million from the Kenya Deposit Insurance Corporation (KDIC), after a successful recovery process and sale of assets of the banks [...]DTB Net Earnings up 25.7% to KSh 4.4 B in 2021
Diamond Trust Bank(DTB) Net Earnings increased to KSh 4.4 Billion in 2021 compared to KSh 3.5 Billion over a similar period in 2020, an increase of 25.7%. The Group's loans [...]CBK Temporarily Bans Ecobank from Forex Trading
The Central Bank of Kenya (CBK) has barred Ecobank from foreign exchange trading in Kenya between March 29 and April 4 as part of regulatory action citing unsafe trading practices. [...]Ghana's Central Bank Hikes Interest Rate to 17%
Ghana’s central bank has announced its largest-ever interest rate hike to halt the country’s spiralling inflation fed by global tensions in Europe. The Bank of Ghana increased its primary lending [...]
