IM Rwanda Rights Issue Oversubscribed by 12%
IM Rwanda has announced the successful completion of the rights issues that closed with an oversubscription of 12 percent. The bank undertook the rights issue to secure long-term funding to [...]
Ms Winnie Ouko Resigns as Absa's Non-Executive Director
Ms Winnie Ouko has resigned from Absa Bank Kenya Plc's Board as an independent non-executive director, with effect from 30th October 2020, to pursue other career interests. Since her appointment [...]
NCBA to Layoff Staff as Pandemic Bites
NCBA has embarked on a lay off exercise as the COVID-19 pandemic has significantly affected its operations. The bank says that COVID 19 has affected the execution of its growth [...]
CBK Raises KSh16.5 Billion from Weekly T Bills Auction
The Central Bank of Kenya (CBK) accepted bids worth KSh 16.5 Billion out of Treasury Bills worth KSh 24 Billion it had offered, representing a subscription rate of 72.14%. Investors [...]Mergers Will Continue to Define Kenya's Banking Industry; NCBA CEO
The Kenya Bankers Association #CEOChat forum kicked off early Friday morning under the theme Banking Industry Growth and Consolidation Trends Amid Heightened Uncertainty. My Chat with a Bank CEOis a [...]Absa Bank Issues KSh 60 Billion Relief to Small Businesses
Absa Bank has provided relief to small businesses affected by the COVID-19 pandemic to the tune of KSh 60 billion to enable them to ride over the disruptive effects of [...]CBK Schedules Next Policy Meeting For November
The Central Bank of Kenya (CBK) has scheduled the next Monetary Policy Committee (MPC) meeting for Thursday, November 26th, 2020. All eyes will be on the monetary policy committee, given [...]Twiga Foods to Receive KSh 3.2 Billion Loan from IFC Top Kenyan Banks
Twiga Foods, which distributes fresh fruits and vegetables to retail vendors, is set to benefit from a KSh 3.2 billion loan from the International Finance Corporation (IFC) and tier-one Kenyan [...]
KBA CEO Chat Returns for Q4
The Kenya Bankers Association is set to host the #CEOchat forum on Friday, 30 October after a seven months hiatus occasioned by the COVID19 pandemic. The forum under the theme [...]Coop Bank Shareholders Approve Jamii Bora Takeover
Cooperative Bank of Kenya shareholders approved the acquisition of 90 percent of the issued share capital of Jamii Bora Bank during the annual general meeting (AGM) held on 22nd October [...]Kenya’s Forex Reserves Plunge to $8.2 Billion
Central Bank of Kenya (CBK) official foreign exchange reserves plunged to a new low of $8.2 billion when markets closed on October 22, 2020, further piling pressure on the Kenya [...]CBK Raises KSh19 Billion from Weekly T-Bills Auction
The Central Bank of Kenya (CBK) accepted bids worth KSh19 billion out of the KSh24 Billion worth of Treasury Bills that investors were offered at the Thursday Auction of 22nd [...]
