Absa Group CEO Daniel Mminele Resigns After Fallout With Board
Absa Group Chief Executive Daniel Mminele has resigned and will be leaving the outfit on April 30th 2021. The move follows the Absa Group Board and Mminele failing to achieve [...]
Mastercard buys Online identity Verification Startup Ekata for US$ 850 Million
Mastercard has strengthened its online identity management capability by acquiring Ekata, an identity verification firm, for US$850 Million. This move has been prompted by rapid digital transformation happening in online [...]UK Eyes Central Bank Digital Currency
The UK is considering creating a digital currency backed by the country's Central Bank. On Monday, the Bank of England and the Treasury announced a team of experts who will [...]
Family Bank Redeems its KSh 2 Billion Corporate Bond
Family Bank has redeemed its five and half years Medium-Term Notes worth KSh 2.0188 Billion that was due on 19th April 2021. On this maturity date, the bondholders have been [...]Standard Bank Group appoints Yinka Sanni as New CEO for Africa
Standard Bank Group- considered the continent's, biggest lender by balance sheet size, has picked on Yinka Sanni as its new CEO for Africa Regions and a member of the Group [...]Relief for Depositors as CBK Approves Chase Bank's Liquidation
Five years after Chase Bank went into receivership, the Central Bank of Kenya (CBK) has today given the green light for the bank to be liquidated. The decision followed a [...]IFC, Philips, Coop Bank Partner to Avail KSh30 Billion to SMEs
The International Finance Corporation (IFC), health technology firm, Philips, and the Co-operative Bank of Kenya have partnered to availKSh30 billionto Small and Medium-Sized Enterprises (SMEs) in the health sector. The [...]
Absa Kenya Launches Asset Management Unit
Absa Kenya has officially launched the Absa Asset Management Limited, a wholly-owned subsidiary that will offer wealth and asset management, as it eyes a piece of the lucrative KSh 1.3 [...]Family Bank to Disburse KSh 500 Million to Agri-businesses
Family Bank has committed to disburse KSh 500 Million to agri-businesses in the next one year. The partnership deal between the lender and the United States Agency for International Development(USAID) [...]CBK Accepts Bids Worth KSh 20.1 Billion at Weekly Auction
The Central Bank of Kenya (CBK) collected KSh 20.1 Billion from investors who put in bids at the weekly Treasury Bills Auction on 8th April 2021. This is out of [...]CBK Accepts KSh 81.9 Billion from Bonds Sale, 147.6% Oversubscription
The Central Bank of Kenya (CBK) accepted bids worth KSh 81.94 Billion from the 18-year old April 2021 Infrastructure Bonds sale out of KSh 60 Billion that was on offer. [...]SASRA gets Acting CEO after exit of John Mwaka
The Sacco Societies Regulatory Authority (SASRA) Chief Executive Officer John Mwaka has left the organization, setting up a successor stage. This influential position in the financial industry has been taken [...]
