Choice Microfinance Bank sells 85% stake to UK's Wakanda Network
Choice Microfinance Bank Limited( Choice MFB) has announced the sale of 85% stake to Wakanda Network Limited effective October 22, 2021. This follows approval on September 2021 and approval from [...]
SBM Bank Announces Intended Redundancies
SBM Bank has issued a notice of intended redundancies after failing to reach their targeted number under the voluntary exit window. The lender, which bought Chase Bank three years ago, [...]
CBK Accepts KSh 11.9 Billion at the Weekly T-Bills Auction
Central Bank of Kenya(CBK) has accepted bids worth KSh 11.9 Billion at the weekly Treasury Bills Auction, an under subscription of 65.7%, out of bids worth KSh 15.8 Billion received [...]CBK Places Imperial Bank Limited in Liquidation
The Central Bank of Kenya (CBK) has placed Imperial Bank Limited in liquidation, paving way for the sale of its assets. Imperial Bank was placed under receivership in October 2015, [...]KCB Cancels Acquisition of Tanzania's African Banking Corporation
Kenya Commercial Bank (KCB) Grouphas cancelled its plan to acquire a 100% stake in African Banking Corporation Tanzania Limited (BancABC) from London-listed Atlas Mara Limited, citing regulatory hurdles. The lender [...]IM Q3 Profit after tax up 25% to Ksh 5.4 Bn
IM Bank has reported its financial results for the third quarter of 2021 with Profit after tax (PAT) surging 25.1% to Ksh 5.4 Billion mainly on the back of a [...]EIB and TDB launch 12-year EUR 81.5 million financing initiative to support private sector across Eastern and Southern Africa
Access to finance by entrepreneurs and businesses with an impact on people in fragile situations across Africa will be bolstered by a new 12 year EUR 81.5 million initiative launched [...]EIB Loans $56 Million to Coop Bank for SME Lending
The European Investment Bank (EIB) has loaned $56 million to Kenya's Co-operative Bank for lending to Small and Medium Enterprises (SMEs) to help them recover from the impact of the global COVID-19 [...]Credit Bank Launches ElevateHer' Product for Women
Credit Bank Plc, a Small and Medium-Sized Enterprise(SME) based Bank in Kenya has launched a women-based product dubbed ElevateHer. ElevateHer is a transformative program designed to unlock the potential of [...]CBK eyes KSh 40 Billion in December T-Bond Sale
Central Bank of Kenya (CBK), the state's fiscal agent, has invited bids for the sale of re-opened 10 year and 20-year Fixed-Coupon Treasury Bonds, that were first sold in 2019 [...]Absa signals resumption of dividend as Q3 Earnings Jump 328% to Ksh 8.2 Billion
Absa Bank Kenya PLC has posted a significant rise of 328% in profit after tax to Kshs. 8.2 billion for the third quarter period ending 30 September 2021 compared to [...]
National Bank of Kenya (NBK) to Delist from NSE this Week
The Nairobi Securities Exchange(NSE) has issued a public notice on the delisting of the National Bank of Kenya(NBK) from the bourse from November 25th 2021. This follows the successful takeover [...]
