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 [...]IM Bank Founder Chairman Retires After 47 Years of Service
IM Bank has announced the retirement of Mr. Suresh Bhagwanji Raja (SBR) Shah, its Founder and Chairman since 1974 and subsequently appointed Mr. Oliver Fowler to serve as the new [...]
CBK collects KSh 7.2 Billion from Weekly T-Bills Auction
The Central Bank of Kenya(CBK)accepted KSh 7.2 Billion from T Bills worth KSh 24 Billion offered at the Weekly Auction held on Wednesday 31st March 2021. The low-performance rate of [...]Banks Resume Charges for Transactions Above Ksh 100 through Inhouse Mobile Money Wallets
Today, the Central bank of Kenya announced the resumption of charges for transactions above Ksh 100 effected through inhouse bank wallets linked to SACCOs. Inhouse banking wallets refer to bank-owned [...]Sidian Group Net Earnings Drop 84.7% to KSh 18.8 Million
Sidian Group Net Profit declined to KSh 18.775 Million at the close of the financial period ended 31st December 2020. This is against net earnings of KSh 122.5 Million over [...]HF Group Net Loss Widens to KSh1.7 Billion
The mortgage finance bank HF Group reported a KSh1.7 billion net loss for the year 2020, from KSh110 million net loss in 2019. The bank's net interest income fell 7.5% [...]
Introducing The Top 10 Women Shaping the Region's Banking and Finance Sector
Register here for Angaza Awards Top 10 Women to Watch in Banking and Finance East Africa Zoom Event on Tuesday 8th of June 2021!! The Angaza Awards: Women to Watch [...]
IM Holdings Proposes Dividend Bonus Issue as Profit Falls by 21%
IM holdings has posted a 21% drop in net profit for the year ended 31st December 2020. The bank's profit after tax decreased to KSh8.4 billion in 2020 from KSh10.8 [...]
