Sidian Bank’s net profit jumps to Sh486 million in 2021 compared from Sh19 million in 2020
Sidian Bank, a mid-tier bank focused on Small and Medium Enterprises (SMEs) has recorded an increase in its consolidated net profit to Sh486 million for the year to 31 December [...]
CBK Collects KSh 13.2 Billion at T-Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 13.4 Billion at the Weekly Treasury Bills Auction out of the KSh 24 Billion on offer. This was an undersubscription of 55.76%, [...]NCBA Group Set to Expand Operations in West Africa
NCBA Groupis negotiating with a Ghanaian lender with the aim of agreeing on a partnership to expand in the West African market, according to Chief Executive Officer John Gachora. “We’re [...]
StanChart Bank Kenya Rolls Out 5th Women-in- Tech Incubator Programme
StanChart Bank Kenya(SCBK) has rolled out the 5th edition, a program that will see 5 women-led startups get KSh 1 million in seed fund each and post-incubation support in mentorship [...]Banks disburse a paltry KSh 2.1 Billion to MSMEs through State Credit Guarantee Scheme
Banks disbursed a total of KSh 2.11 Billion to support 1,291 Micro, Small and Medium-Sized Enterprises(MSMEs) through the state-run Credit Guarantee Scheme(CGS) in 2021. In the 2020/21 financial year, the [...]NCBA Group Net Profit Doubled to KSh 10.2 Billion in 2021
NCBA Group Plc more than doubled its net earnings for the financial year ended 31st December 2021 to KSh 10.2 Billion from KSh 4.6 Billion posted over a similar period [...]Ethiopia to Open Up its Banking Sector to Foreign Competition
Ethiopia has set up plans to liberalize its banking sector, opening up the space for Kenya's KCB and Equity Group- the two lenders on an aggressive regional expansion campaign. A [...]Equity Group Net Profit Rises 99% to KSh 40.1 Billion in 2021
Equity Group Holdings posted a Profit After Tax(PAT) of KSh 40.1 Billion from KSh 20.1 Billion in 2020, an increase of 99%. According to the Equity Group's audited financial statements [...]Central Bank of Kenya begins Regulating Digital Lenders
The Central Bank of Kenya (CBK) has announced the publication of the Central Bank of Kenya (Digital Credit Providers) Regulations, 2022 that seek to regulate digital lending service providers. The [...]
CEO Chat Online Event; Rafiki Microfinance Bank CEO Joseph Njuguna- March 25th 2022
The third session of KBA'S my chat with a bank CEO online event is set to be hosted by Joseph Njuguna CEO of Rafiki Microfinance Bank. This is the last [...]CBK is Polishing M-Akiba to Enhance its Appeal to Investors
The Central Bank of Kenya (CBK) is relaunching the M-Akiba product and will go live by June this year. All this is in an effort to entice investors to take [...]KCB Group Moves Acquisition Plans in DRC into Top Gear
Kenya Commercial Bank (KCB) Group plans to acquire a lender in the Democratic Republic of Congo (DRC), as its regional expansion plans move to full throttle. The Kenyan lender will [...]
