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 [...]MTN Rwanda appoints Ms Kagame CEO of Mobile Money Rwanda FinTech Subsidiary
MTN Rwandacell Plc has appointed Chantal Kagame as the first CEO of its freshly minted FinTech Subsidiary Mobile Money Rwanda Limited. This follows approvals from the National Bank of Rwanda. [...]IM Finalizes Purchase of Uganda's Orient Bank
IM holdings has completed the purchase of 90% ownership in Orient Bank, a Uganda based commercial bank. In a public statement dated 30th April 2021, the regional lender said, IM [...]CBK Accepts KSh 20.3 Billion At Weekly T-Bills Auction
The Central Bank of Kenya(CBK) collected KSh 20.3 Billion out of bids worth KSh 30 Billion submitted by investors at the Weekly Treasury Bills Auction. This represents an oversubscription of [...]StanChart Bank Plc to cut down its Global Branch Network, Staff
Stanchart Plc, based in the UK, has announced plans to downsize its global staff numbers to around 400 to cut long-term costs. This is after the British bank reported a [...]Dubai Islamic Bank Kenya joins PesaLink Network
Dubai Islamic Bank Kenya (DIB Kenya) has joined PesaLink, an interbank transfer digital payment solution, to strengthen its digital banking and provide more convenience. PesaLink, is a real-time 24-hour digital [...]Stanbic Investors to Receive KSh 1.5 Billion Dividend
Investors in Stanbic Holdings are set to receive a final dividend of KSh1.503 billion for the financial year 2020, equivalent to KSh3.80 for every ordinary share held. According to the [...]CBK Seeks KSh 30 Billion in Budget Support through T-Bonds Sale
The Central Bank of Kenya (CBK) has invited bids for re-opened 15-year Treasury Bonds and new 25- year Treasury Bonds, all worth a total of KSh 30 Billion. The purpose [...]
