CBK Collects KSh 14.5 B at Weekly Auction
The Central Bank of Kenya(CBK) accepted KSh 14.4 Billion at the Weekly Treasury bills auction after receiving bids worth KSh 14.5 Billion, an under subscription of 60.37%. This auction's most [...]
Central Bank of Ghana Warns against Transacting in Foreign Currencies within the Country
The Central Bank of Ghana has warned citizens against using foreign currencies to transact business within the country, including engaging in foreign exchange business. The Central Bank of Ghana has [...]
Banks to Pay Fat Dividend Cheque of KSh 51.7 B
Banks listed on the Nairobi Securities Exchange(NSE) will pay huge dividends to their shareholders as the lenders recover from effects of the pandemic, amounting to KSh 51.7 Billion, an increase [...]CBK Accepts KSh 33.1 B from April T-Bonds Tap Sale
The Central Bank of Kenya(CBK) accepted KSh 33.1 Billion at the April Treasury Bonds tap sale. It received bids worth KSh 34 Billion worth of KSh 40 Billion offered at [...]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 [...]
