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 [...]Kenya's Forex Reserves Fall by $1 Billion to $7.75 Billion in 2020
The level of foreign exchange reserves held by the Central Bank of Kenya fell by $1 billion to $7.75 billion on 31st December 2020 compared to $8.758 billion held on [...]Equity Group get nod to merge its subsidiary with BCDC Bank, Congo
Equity Group has received regulatory approval to merge its subsidiary Equity Bank Congo (EBC) and Banque Commercial Du Congo (BCDC).The new bank will be known as Equity Banque Commercial du [...]Central Bank of Egypt Extends Waiver on Bank Transaction Fees to June 2021
The Central Bank of Egypt has extended the suspension of withdrawal fees from ATMs and waivers on fees and commissions for banking transactions in the Egyptian pound. The measures in [...]
