Stanbic Holdings Net Profit Down 19% to KSh5.2 Billion
Stanbic Holdings Plc net profit for the year that ended on December 31, 2020 dropped by 19% to KSh5.2 billion from KSh6.4 billion at the end of 2019. The firm's [...]
CBK raises KSh 30.2 Billion from Weekly Auction, 140.9% oversubscription
The Central Bank of Kenya(CBK) received bids worth KSh 33.8 Billion from the KSh 24 Billion offered at the Weekly Treasury Bills Auction, an oversubscription of 140.9%. The Government's fiscal [...]
Kenya's Public Debt to hit KSh 7.8 Trillion in 2020/21, says PBO
Kenya's Public Debt Stock is forecasted to reach KSh 7.8 trillion at the end of the 2020/21 fiscal year and will account for approximately 69% of Gross Domestic Product(GDP) and [...]Equity Bank Rolls Out KSh75 Billion Financing for SMEs
Equity Bank has announced plans to lend KSh75 billion to Small and Medium Enterprises (SMEs) at concessionary terms, at 13% interest for a period of five years. The funds include [...]
Central Bank to Tighten the Noose on Predatory Mobile Moneylenders
The Central Bank of Kenya (CBK) is set to regulate all digital money lenders' activities. This is as soon as the Central Bank of Kenya( Amendment) Bill 2020, currently, before [...]Square Begins Banking Operations via its Subsidiary Square Financial Services
Square Inc announced its entry into banking operations after completing the approval process by the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions, bringing banking capabilities [...]CBK Collects KSh 26.7 Billion from Weekly T-Bills Auction
The Central Bank of Kenya (CBK) accepted KSh 26,669.30 Million from the weekly treasury Bills auction held yesterday, Thursday 25th February 2021. This is the second consecutive week that the [...]South Africa's TymeBank Raises $109 Million in Funding
South Africa's digital bank,TymeBank, has raised $109 million in funding, seeking to bolster its growth and drive its commercial expansion across the country. Investors who took part in the funding [...]CBK collects KSh 28.8 Billion from Weekly T- Bills Auction, 124.9% oversubscription
The Central Bank of Kenya received bids worth KSh 29.97 Billion from the Weekly Treasury Bills Auction from the KSh 24 Billion offered, an oversubscription of 124.91%. Bids worth KSh [...]DTB Unveils KSh1.6 Billion in Aid for MSMEs
Diamond Trust Bank (DTB) has unveiled aKSh1.6 billionadvance aid to aid Micro, Small and Medium Enterprises (MSMEs), a move that seeks to ease harsh economic conditions presented by the COVID-19 [...]Absa Marks One Year Since Transition, Commits KSh1.6 Billion into Digital Products
Absa Bank Kenya Plc. has marked its first anniversary in the Kenyan market, with a commitment to significantly invest in transforming the customer experience. The bank announced plans to invest [...]CBK Receives KSh 14.9 Billion from Weekly T-Bills Auction
The Central Bank of Kenya(CBK) received bids worth KSh 16.8 Billion from the advertised amount of KSh 24 Billion at the Weekly Treasury Bills Auction held yesterday. Out of these, [...]
