SCBK to Hold Its AGM on May 25th
StanChart Bank Kenya(SCBK) Limited has notified its shareholders that the 36th Annual General Meeting(AGM) will be held electronically on Wednesday 25th May 2022. During this meeting, shareholders of SCBK will [...]
Stanbic Holdings To Hold Its 67th AGM in May
Stanbic Holdings Plc has notified its shareholders that the Company's 67th Annual General Meeting (AGM) will be held virtually. This meeting will be held on Thursday, 19th May 2022, at [...]KCB Partners with USAID for KSh100 Million Financing for Livestock Farmers
Kenya Commercial Bank (KCB) Foundation has partnered with United States Agency for International Development (USAID) to mobilize up to kSh100 million in financing for livestock farmers in Kenya’s arid and [...]
Barclays to Sell 7.4% Stake in Africa's Absa Group, Valued at $740 Million
Barclays Plc has announced plans to sell a 7.4% stake of Absa Group Ltd, its former African unit, valued at $740 million. The firm is placing about 63 million shares to [...]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 [...]
