Standard Chartered Bank Adds New Directors to its Board
Standard Chartered Bank Kenya on Thursday appointed two new directors to replace Eng. Patrick Obath and Ian Bryden who left the board recently. The new directors are technology and innovation [...]
Kibo Capital Partners offloads its Shares in IM Rwanda
Kibo Capital Partners, the Mauritius-based private equity fund, has sold its shares in IM Rwanda to Egide Gatera, a business magnate, assisted by Enexus Finance. Established in 1963 as Banque [...]
Banks Restructure Loans to Enterprises worth KSh 234.7 Billion Central Bank
A total of 72,559 micro, small and medium-sized enterprises(MSME) loan facilities in the banking industry valued at Sh 234.7 billion were restructured in 2020, says the Central Bank of Kenya [...]1896 2021; Evolution of Kenya's Banking Sector
The banking sector in Kenya is one of the oldest, largest, and most important of part of the country's industries. The Banks play very important economic functions and the most [...]
Bank of Uganda Takes Over Regulation of Mobile Money Services
The Bank of Uganda(BOU) has completely taken over the regulation of Mobile Money Services from the Uganda Communications Commission amidst anxiety and fears from customers. In June this year, the [...]Former IMF Official to Lead DRC's Central Bank
Marie Malangu Kabedi Mbuyi, a former IMF official, has been appointed as the new Central Bank governor in the Democratic Republic of Congo. She is the first female Central Bank [...]KCB, Equity Group On List of Africa's Top 25 largest lenders
KCB Group is placed in the first position as East Africa's largest lender according to the 2021 Top 1,000 World Banks Ranking released by The Banker Magazine. These rankings are [...]CBK Accepts KSh 25.4 Billion at Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 25.4 Billion at the Weekly-T Bills Auction of July 1st, 2021, against KSh 31.4 Billion received from investors, representing a performance [...]TransUnion Kenya Launches New Consumer Credit Report Tool
TransUnion Kenya recently announced the launch of TrendedView Report. This newly enhanced consumer report helps lenders understand a consumer’s credit behaviour and repayment patterns before and after the COVID-19 hit [...]KDIC to Undertake a Risk-Based Assessment of Banks
Kenya Deposit Insurance Corporation(KDIC) is moving to implement the risk-based premium assessment for banks, effective from midnight tomorrow. Commercial banks shall pay additional premiums to the deposit authority in the [...]Citi Kenya Unveils 16th Global Community Day 2021
On 25th February 2021, the Cabinet, chaired by H.E. President Uhuru Kenyatta, approved the revival of the 4-K Clubs. A return of these clubs to primary schools is an opportunity [...]
Family Bank Bond Raises KSh 4.42 Billion, 147.3% Subscription
Family Bank bond has raised KSh 4.42 billion, a subscription of 147.3%, against a target of KSh 3 billion target. The lender has a green shoe option of KSh 1 [...]
