SASRA Issues Permit to 175 Deposit-Taking SACCOs
The regulatory body that watches over Deposit-taking SACCOs (SASRA) has given permits to 175 SACCOs to undertake Deposit- Taking (DT) business in Kenya this year. In a recent gazette notice, [...]
ATM Visits Decline as more Kenyans go Cashless
Kenyans now make less use of Automated Teller Machines (ATMs) and have instead shifted their transactions to mobile payments and other cashless platforms, says data from the Central Bank of [...]CBK raises KSh 15.9 Billion from weekly T-Bills Auction
The Central Bank of Kenya(CBK) raised KSh 15,982.03 Million out of the KSh 24 Billion worth of Treasury Bills offered at the weekly auction. Bids worth KSh 15,895.21 Million was [...]Kenyan Lenders Restructured 54.2% of the Banking Sector Loan Book in 2020
Kenyan banks restructured loans amounting to KSh1.63 trillion, equivalent to 54.2% of the total banking sector loan book by the end of December 2020 according to the Central Bank of [...]
CBK collects KSh 20.3 Billion from T-Bills Auction
Central Bank of Kenya(CBK), the Government’s fiscal agent received bids worth KSh 20.3 Billion at the Weekly Treasury Bills Auction conducted on 21st January 2021. This is against an advertised [...]Housing Finance Receives Ksh 1B Capital Boost to Back Retail and SME Lending
Housing Finance Group has received a Ksh 1 billion Capital Injection from its majority shareholder Britam Holdings to back its diversification, moving towards a full-service offering. Housing Finance CEO says [...]
SMEs to cushion against pandemic as banks rush to the rescue
Small and medium-sized enterprises (SMEs) are becoming a favourite spot for lenders as each bank crafts a cash vault for this segment. The latest commercial Bank to enter the fray [...]IFC Loans KSh8.25 Billion to Co-operative Bank to Support MSMEs
The International Finance Corporation (IFC), a member of the World Bank Group, has given a KSh8.25 billionloan to Co-operative Bank, to enable the bank to increase lending to Micro, Small [...]Dutch Development Bank Gives Equity Bank $5.4 B Loan Guarantee to Support MSMEs
Dutch Development Bank FMO announced a $50 million (Ksh 5.48 billion) loan guarantee facility with Equity bank Kenya to support Kenyan micro-, small and medium-sized enterprises (MSMEs) to recover from [...]Arise B.V. Acquires 34.9% Stake in NMB Bank Tanzania
African investment company, Arise B.V. has acquireda 34.9% stake initially owned by Rabobank, in NMB Bank, which is listed on DSE (Dar es Salaam Stock Exchange) in Tanzania. The Capital [...]Cooperative Bank Issues Profit Alert Following a Tough Year
Kenya's fourth-largest bank by assets, Cooperative bank, has issued a profit warning following a tough year that saw the bank's expenses rise faster than its income. In a public statement, [...]CBK raises KSh 13.8 Billion from Weekly T-Bills Auction
The Central Bank of Kenya(CBK) raised KSh 13, 840.6 Million from the weekly Treasury Bills Auction held this Thursday 7th January 2021. This represents an undersubscription of 65.7%, out of [...]
