Afreximbank Closes Record US$1.3 billion bond
African Export-Import Bank (Afreximbank) has announced it successfully closed a US$1.3 billion dual tenor bond issuance, the Bank’s largest-ever transaction in the international debt capital markets. Afreximbank printed a US$600 [...]
Treasury picks KSh 20.7 Billion from May Treasury Bonds Tap Sale
Treasury, through its fiscal agent-the Central Bank of Kenya, accepted bids worth KSh 20.693 Billion at the May Treasury Bonds tap sale, where it offered for sale the 15-year and [...]
CBK Collects KSh 20.5 Billion from Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted KSh 20.452 Billion at the Weekly Treasury Bills Auction, out of bids worth KSh 26.6 Billion received, representing an oversubscription rate of 110.74%. CBK [...]Branch International Gets Nod to Acquire 84.89% Stake in Century Microfinance Bank
The Competition Authority has approved the proposed acquisition of a 84.89% stake in Century Microfinance Bank by Branch International Limited. Branch International, a Silicon Valley-based start-up, offers loans to first-time [...]Strengthening SME Financing in Kenya
Small businesses are central to the Kenyan economy as they provide jobs to nearly 15 million workers in Kenya and contribute to the national income. The SMEs have been among [...]
Security awareness campaign to prioritize digital financial safety
As Kenya embraces the digital economy, protecting the integrity of electronic and digital systems is paramount, with experts calling for enhanced public sensitization on digital vulnerabilities, which have increased due [...]CBK Approves Liquidation of Charterhouse Bank
Central Bank of Kenya (CBK) has put the final nails on the coffin of collapsed Charterhouse Bank (CHB) Limited by appointing Kenya Deposit Insurance Corporation (KDIC) as its liquidator. This [...]Three HF Group Directors to Step Down As Turnaround Strategy Gains Pace
Three directors of the mortgage finance company, HF Group, are set to step down from the board on 28th May 2021 according to a notice sent by HF Group to [...]Eng Patrick Obath to Step Down As Chairman of StanChart Board
Engineer Patrick Obath is set to step down from the board of Standard Chartered Bank Kenya at the end of this month according to a statement issued by the bank. [...]Kenya Bank CEOs Gear Up for Online Live Chats this May
The Kenya Bankers Association (KBA) will kick off its quarterly My Chat with a Bank CEO event this month, hosting live sessions with Chief Executives (CEOs) of local banks and [...]
KCB Group seeks Approval to Acquire BancABC Tanzania Limited
KCB Group PLC has given a merger notification to Tanzania's Fair Competition Commission (FCC) concerning its intention to acquire entire shares in BancAfrican Banking Corporation Tanzania Limited. Already, KCB has [...]Bad loans in Banks to rise in Q2, 2021, Warns Central Bank Credit report
The level of Non-Performing Loans (NPLs) in the Banking industry is expected to rise in the second quarter of 2021. This alert has been issued in the latest Credit Officer [...]
