IM Shareholders Approve KSh 2.55 Final Dividend
IM Holdings shareholders approved a first and final dividend of KSh 2.55 per share during the recent Annual General Meeting (AGM) held on 26th June. The group paid the dividends [...]
AfDB Appoints Wambui Gichuri as Acting Vice President
The African Development Bank (AfDB) has appointed Wambui Gichuri as its acting vice president in charge of Agriculture, Human and Social Development. Her appointment took effect on 5th July 2020. [...]IFC, Shelter Afrique, Join Kenya Mortgage Refinance Company Board
The International Finance Corporation(IFC) and Shelter Afrique are the new board members of Kenya Mortgage Refinance Company(KMRC), a state-owned mortgage finance firm that also has private sector players. The two [...]
Equity Group Chair David Ansell Retires, Isaac Macharia Takes Over
Professor Isaac Muthure Macharia is to take over the role of Equity Group's Board Chair as David Ansell retires from the board. The transition was announced during the bank's virtual [...]AfDB Ranks 4th on Global Transparency Index
The AfDB (African Development Bank) has been ranked fourth out of 47 global development institutions on Publish What You Fund's Global Transparency Index. Publish What You Fund ranked the Bank' [...]Africa’s Talking Group CEO Samuel Gikandi Appointed to Stanbic Board
Samuel Gikandi has been appointed as an independent non-executive director on the boards of Stanbic Holdings Plc and Stanbic Bank Kenya Limited effective 29 June, 2020. His appointment comes a [...]
Equity Bank to Receive KSh 5.4 Billion IFC Loan to Support SMEs
World Bank's International Finance Corporation (IFC) will give Equity Bank a loan of KSh 5.4 billion to increase lending to small businesses. The institution revealed that Equity Bank will receive [...]Zimbabwe Suspends Mobile Money, Stock Market Activities citing Sabotage
The Government of Zimbabwe has suspended mobile money transactions in the country over allegations of criminal activity. The government will also suspend trading at the Zimbabwe Stock Exchange, arguing that [...]Kenya's Central Bank Projects Strong Post Virus Economic Recovery
The Central Bank of Kenya (CBK) projects Kenya's economy to begin making a strong post-pandemic recovery during the second quarter of this year, running between May and August 2020. The [...]CBK Maintains Free Mobile Money Bank Transfers
The Central Bank of Kenya ( CBK) has determined that the mobile wallet and transaction limits that were announced on March 16th, 2020 will remain in force. This means that [...]Absa Kenya Appoints Charles Njenga as Non-Executive Director
Absa Bank Kenya has appointed Charles Njenga Murito as an independent non-executive director with effect from 24th June 2020. Charles is the Government Affairs and Public Policy Director for Sub-Saharan [...]
Brazil Suspends WhatsApp Payments, Cites Competition Concerns
The Central Bank of Brazil, on Tuesday, 23rd June 2020, ordered Visa and Mastercard to suspend the rollout of WhatsApp Payments service, citing fears that the service would be anti-competitive. [...]
