Kenya Bankers Elect New Governing Council Chair, Vice Chair
Members of the banking industry’s lobby organization Kenya Bankers Association (KBA) have elected NCBA Bank Managing Director and CEO John Gachora and Family Bank Chief Executive Officer Rebecca Mbithi as [...]
NCBA Places Kaluworks under Receivership over KSh4.3 Billion Debt
NCBA Group has placed Kaluworks Limited under receivership, with effect from 27th May 2021, over non-payment ofKSh4.3 billion debt. The bank has appointed Pongangipalli Rao as the receiver manager, seeking [...]
Kenya Banking Sector Set To Hold Week Long Inua Biashara Summit for SMEs
The Kenya banking industry under the umbrella of the Kenya Bankers Association (KBA) will host the second Inua Biashara Summit for micro, small and medium-sized enterprises (MSMEs) from the 22nd [...]
Uganda Unveils its First Regulatory Sandbox
Ugandan financial regulator is working to boost Fintech innovation in the country. On Tuesday, the Bank of Uganda (BoU) officially unveiled a regulatory sandbox to help Fintechs develop new products [...]
Equity Group Subsidiary to Receive $50 Million IFC Loan
Equity BCDC, a subsidiary of Equity Group Holdings based in the Democratic Republic of Congo, is set to receive a $50 million (KSh5.4 billion) loan from the International Finance Corporation [...]CBK Accepts Bids Worth KSh 18.5 Billion At T-Bills Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 18.5 Billion out of KSh 43.6 Billion at the Weekly Treasury Bills Auction, an oversubscription of 181.76%. The most attractive instrument [...]
Equity Group Plc is Top Mover At the NSE
Equity Group Plc was the day's prime mover when trading ended at the Nairobi Securities Exchange(NSE) this Tuesday, June 8th 2021, replacing Safaricom which has been the most dominant and [...]StanChart to Offer Mobile Personal Loans to Customers
StanChart Bank Kenya(SCBK) has joined other lenders in offering a Mobile Loan App that allows customers to access personal loans. The UK-based lender's entry has increased competition in the mobile [...]Family Bank to Raise KSh 8 Billion Through Medium Term Note Program
Family Bank has received approval from the Capital Markets Authority(CMA) to raise KSh 8 billion in tranches through a multi-currency Medium Term Note (MTN). This cash will be raised by [...]Kellen Kariuki Named New Chair of StanChart's Board
Kellen Kariuki has been appointed as the new Chairperson of the Board of directors of Standard Chartered Bank Kenya, following the retirement of Engineer Patrick Obath. The appointment took effect [...]HF Group Reports KSh191 Million Net Loss in Q1 2021
HF Group has posted a KSh191 million net loss in the first quarter of 2021, a decline from the KSh633,000 net loss reported in the first quarter of 2020. The [...]Family Bank Group Net Earnings up 71.2% to KSh 510 Million in Q1, 2021
Family Bank Group posted net earnings of KSh 510.2 Million in Q1 2021 compared to KSh 297.9 Million in Q1, 2020, an increase of 71.2%. The lender's pre-tax profit for [...]
