Housing Finance Company Appoints Peter Oduori As its New MD
Housing Finance Company(HFC) Limited, the banking subsidiary of HF Group, has appointed Peter Mugeni Oduori as the Bank, effective November 17th 2021. Peter is a seasoned banker with over 20 [...]
Kenya's Banking Sector Quarterly Profit Before Tax falls to KSh 49.08 Billion
Kenya's Quarterly profit before tax decreased by KSh 1.45 billion from KSh50.53 billion in June 2021 to KSh49.08 billion in September 2021. This was as a result of a higher [...]TDB Extends $ 4.2 Million Financing To Kenya's Sunspot Energy
The Eastern and Southern African Trade and Development Bank (TDB) has closed a USD 4.2 Million transaction with Sunspot Energy Kenya Limited (operating as Spark Possibilities), to finance new solar [...]
Co-op Bank of Kenya Q3 Net Profit rises 18.4% to KSh 11.6 Billion
Co-op Bank of Kenya has posted a Net Profit of KSh 11.6 Billion in the nine months period ending September 30th, 2021 compared to net earnings of KSh 9.8 Billion [...]KCB Group Q3 2021 Net Earnings Rise 131% to Hit KSh 25.2 Billion
KCB Group more than doubled its Net Earnings to KSh 25.2 Billion at the end of the nine months period ending September 2021, an increase of 131% from KSh 10.9 [...]StanChart Bank Kenya Q3, 2021 Net Earnings up 46.67% to KSh 6.36 Billion
StanChart Bank Kenya (SCBK), a local lender with its headquarters in the United Kingdom, recorded a Net Profit of KSh 6.36 Billion at the end of the first nine months [...]Equity Bank Wants to turn its 190 branches into consultation centres as customers move online
Equity Bank has announced that its already positioning its network of 190 branches into centres of providing advisory and consultation services for SMEs and large customers as retail clients shifted [...]
HF Group Shops for Strategic Investors
HF Group, a Nairobi listed mortgage lender has begun the process of seeking strategic investors to acquire a stake in the firm. The aim of the proposed transaction is to [...]CBK Collects KSh 16.5 Billion from Weekly T- Bills Auction
Central Bank of Kenya(CBK) accepted KSh 16.5 Billion at the weekly Treasury Bills Auction after receiving bids worth KSh 16.6 Billion. The most attractive instrument was the 91- day Treasury [...]Kenya explores Central Bank Digital Currency for cross-border payments
Kenya is exploring the use of central bank digital currency (CBDC) to settle cross-border payments according to the country's Central Bank Governor Dr Patrick Njoroge. A Central bank digital currency [...]DTB launches Unit to serve Chinese Enterprises in East Africa
Diamond Trust Bank (DTB) has unveiled the China Coverage Department to cater to Chinese enterprises operating within the East African Market. DTB's new unit offers a wide range of products to [...]Finance Leaders To Join TDB and EIB’s 4th East African Banking Microfinance Forum
Finance and banking leaders and experts from across East Africa and globally will participate in the 4th East African Banking Microfinance Forum hosted by the Eastern and Southern African Trade [...]
