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, [...]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 [...]
