CBK Suspends Blacklisting of Defaulters with Loans below KSh 5 Million
Central Bank of Kenya (CBK) has announced a one-year suspension of blacklisting defaulters with loans of less than KSh 5 Million with Credit Reference Bureaus(CRBs) for a period of one [...]
Equity Group's Q3 Pre-tax Profit rises 85% to KSh 36.6 Billion
Equity Group Holdings Plc has posted an increase of 85% in Pre-tax profit to KSh 36.6 Billion in the third quarter period ended 30th September 2021. This is compared to [...]Banking Stocks to Rally on Improved Q3 financials
Banking Sector Third Quarter 2021 results set to be released during the month, is expected to lift the level of activity at the Nairobi Securities Exchange (NSE). Equity Group Holdings [...]Moody’s affirms African Development Bank AAA rating with a stable outlook
Moody's Investors Service has affirmed African Development Bank's AAA long-term issuer and senior unsecured ratings with a stableoutlook. According to Moody’s, the key factors underpinning the affirmation include robust capital [...]
Kenya's Central Bank to Hold Next Policy Meet on Nov. 29th
The Central Bank of Kenya (CBK) is set to hold its next Monetary Policy Committee (MPC) meeting on November 29th, 2021. At the last policy meeting, the top decision-making organ [...]Dr Njoroge; Greening Kenya’s Banking Sector
We have a problem. The recently released State of the Climate in Africa 2020report, indicates that in 2020, the climate indicators in Africa, were characterized by extreme weather events such [...]
CBK invites Bids for T-Bonds Worth KSh 50 Billion in November
The Central Bank of Kenya (CBK) has announced the November bond issuance as it seeks KSh 50 Billion for budgetary support. The sale will feature the reopening of the 20-year [...]Equity Group Secures Ksh 5 Billion from Proparco to support MSMEs in Kenya
Proparco has granted Equity Bank two guarantee facilities, ARIZ and EURIZ totalling €39 million (5 billion KES) to help the Kenyan bank further support MSMEs. Proparco also granted a €550,000 [...]
Tangaza Mobile Payments Service Provider License Revoked by CBK
Tangaza' a Mobile Payments Service Provider, also known as Mobile Pay Limited(MPL), has had its license revoked as a Payments Service Provider(PSP) by the Central Bank of Kenya(CBK). This is [...]Equity Bank Named Africa’s Best Bank for SMEs at Euromoney 2021 Awards
Equity Bank has been named Africa’s best bank for Small and Medium Enterprises (SMEs) in the 2021 Euromoney awards. According to Equity Group Managing Director and CEO, Dr James Mwangi, [...]Nigeria unveils the eNaira Central Bank Digital Currency
Nigeria has launched its Central Bank Digital Currency(CBDC) at State House in Abuja, a function that has been officiated by President Muhammadu Buhari. The unveiling of the eNaira is a [...]Central Bank faulted for Delays in Winding up School of Monetary Studies (KSMS)
Central Bank of Kenya (CBK) has been faulted for delays in winding up the Kenya School of Monetary Studies (KSMS). The Auditor-General said that for the last six years, the [...]
