Adan Mohamed Joins HFC Board
The Board of HF Group has appointed Adan Daud Mohamed as Non-Executive Director of the mortgage subsidiary HFC. His appointment took effect on 19th October 2020. Mohamed has been active [...]
CBK Holds Discussions on Digital Currencies
The Central Bank of Kenya (CBK) has entered into discussions with other global Central Banks on the possibilities of entering the digital currency space. A cryptocurrency is a digital asset [...]CBK Opens New Cash Clearing Centre in Kisii
The Central Bank of Kenya (CBK) has today opened an ultra-modern cash-clearing unit in Kisii, to cater for financial needs of the wider Nyanza and Kisii region. This development takes [...]TLG Capital Buys 49% Stake in Uganda’s Opportunity Bank
UK based TLG Capital has acquired a 49 percent stake in Opportunity Bank Uganda Limited (OBUL) consequently becoming the largest shareholder. The move will see TLG Capital expand its footprint [...]
Citi Bank and 4G Capital Ink a Ksh 285Mn Deal to Boost MSMEs' Working Capital
Citi Bank and 4G Capital Group have partnered to tackle financial exclusion in Kenya. Citi will provide a KSh 285 million term loan that will reach over 25,000 small businesses. [...]
NCBA to Compensate Customers for System Glitch
NCBA Bank, in an unprecedented move, has assured its customers that those inconvenienced by the ongoing upgrades on its core banking system, will be compensated for any regulatory penalties suffered. [...]KCB goes green with US$150 Million IFC credit
Kenya Commercial Bank(KCB) Limited has obtained US$150 million credit from the International Finance Corporation (IFC), for onward green lending. This credit also targets small and medium-sized enterprises, especially those that [...]South Sudanese Pound to be replaced after less than a decade use
South Sudan plans to have a new currency by replacing the South Sudanese Pound(SSP) which the country adopted nine years upon gaining independence from northern Sudan. The Juba administration reckons [...]KCB, Equity, Coop, NCBA, DTB on List of Africa's Top Lenders
Kenya Commercial Bank(KCB), with a capital base of US$ 1,201 Million and a Balance sheet size worth US$ 8,866 Million at the end of 2019, has been listed at number [...]KCB Appoints Dr James Bagaka as Non-Executive Director
KCB Group has appointed Dr James Obuya Bagaka as Non-Executive Director on its board with effect from 6th October, 2020. Dr Bagaka brings to the boardroom, vast experience and expertise [...]Absa Kenya Boosts SME Lending to Aid post Virus recovery
Absa Bank Kenya is boosting its lending initiatives towards Small and Medium-sized Enterprises (SMEs) to help businesses recover from the adverse effects caused by COVID-19. The bank will offer short [...]Access Bank in Talks to Acquire Mozambique's BancABC, Eyeing a Stronger African Network
Access Bank has announced a definitive agreement to acquire Atlas Mara's BancABC, building on its strategic focus to enhance profitability and risk metrics through geographic expansion. The continent's largest retail [...]
