Absa Bank Signs Partnership with Melanin Kapital to provide unsecured lending for startups
Absa Bank Kenya has signed a partnership with Melanin Kapital, an impact investment platform to provide an investor readiness program that will see startups in the social impact space access [...]
Sidian Bank signs a Ksh 990 million deal with Oikocredit for SME Support in Kenya
Sidian Bank, a mid-tier bank focusing on SMEs in Kenya has signed a nine hundred and ninety million shillings deal with the Netherlands based social impact investor, Oikocredit. The bank [...]Annual Bankers Conference To Explore Emerging Opportunities Post-Pandemic
Researchers from the financial services sector in Kenya will from Wednesday present papers highlighting the emerging opportunities that can be harnessed by the industry to support the economic recovery amid [...]Shelter Afrique eyes regional bonds worth $1.25 billion after fully repaying commercial debts
Shelter Afrique, a Pan-African housing development financier says it has fully paid commercial debts owed to eight lenders three years ahead of schedule, giving the company the leverage to issue [...]CBK Accepts KSh 13.1 Billion at Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted KSh 13.1 Billion at the Weekly Treasury Bills Auction out of the KSh 24 Billion that it had offered investors, a performance rate of [...]
CBK raises KSh 17.4 Billion at the Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 17.4 Billion at the Weekly Treasury Bills Auction, a performance rate of 72.7%. The most attractive instrument was the 91-day Treasury [...]Stanbic Appoints Ms Wambui Kihuha-Mbesa as Board Director
Stanbic Holdings Plc Board of Directors has appointed Ms Wambui Kihuha-Mbesa as an Independent Non-Executive Director on the Board, with effect from 8th September 2021. Ms Mbesa, a seasoned technology [...]Banks' ATMs Decline to 8-Year Low as Mobile Banking Gains Pace
The number of Automated Teller Machines (ATMs) in Kenya fell to 2,393 machines in July this year, the lowest level since July 2013, as more Kenyans embraced mobile banking and [...]
CBK Accepts KSh 23, 871 Million at Weekly Auction
The Central Bank of Kenya(CBK) collected KSh 23,871.82 Million at the Weekly Treasury Bills Auction after receiving bids worth KSh 23,874.95 Million, a performance rate of 99.48%. The 91-day Treasury [...]Banking Sector Contributed 27% of All Corporate Taxes Paid in Kenya in 2020 and 2019
The banking industry contributed 27 percent of all corporate taxes paid in Kenya in 2020 and 2019 even as the adverse impact of the COVID-19 pandemic caused a 12 percent [...]NCBA's Half Year Profit Climbs 77% to KSh4.7 Billion
NCBA has reported a 77% increase in its half-year net profit to KSh4.7 billion compared to KSh2.6 billion posted in the same period in 2020, due to increased lending activity. [...]HF Group Net Losses in H1, 2021 Increases to KSh 355.6 Million
HF Group has recorded a net loss of KSh 346.1 Million over the first six months of this year compared to KSh 295.5 Million in H1, 2020, an increase of [...]
