Disruptions as NCBA Begins 5-day Systems Upgrade
NCBA is undertaking a core banking system upgrade that will affect all its branches. The upgrade began on Thursday at 18.00 hours and it will end on 21st September at [...]
Ethiopia Spends $ 97 Million on New Banknotes
Ethiopia is spending $ 97 Million (KSh 10.5 Billion) to print new banknotes, a move authorities say will lock out illicit financial flows, hoarding, and other illegal activities. According to [...]KBA Partners with Huawei to Expand ICT Services in Banking
The Kenya Bankers Association (KBA) has signed a partnership with Huawei Kenya to expand ICT in the banking sector and improve financial inclusion in line with its strategic plan for [...]
Kenya's Banking Giants Lift Provisions as COVID-19 Hits Lending
Equity and KCB both lifted provisions in the first six months of 2020 to brace with the harsh economic environment that has severely affected lending. Equity Group increased its loan [...]World Bank Names Keith Hansen as New Country Director for Kenya, Uganda, Somalia, Rwanda
The World Bank has appointed Keith Hansen as the new country director for Kenya, Uganda, Somalia, and Uganda effective September 8, 2020. The senior advisor will take over from Carlos [...]KCB to Pay KSh3.2 Billion to Imperial Bank Depositors
KCB Bank Kenya has commenced the payment of funds to eligible depositors of Imperial Bank Limited Imperial bank is under a receiver-manager Kenya Deposit Insurance Corporation (KDIC) which has approved [...]
Nigeria Invests $ 29.3 Million in Shelter Afrique
Nigeria has committed US$29.3 Million to Shelter Afrique, lifting it to be the second-largest shareholder in the institution, with 14.77% of the shareholding, behind Kenya's 14.87% stake and ahead of [...]All Set For the Africa Regional Leading Women in Banking e-Conference
The Kenya Bankers Association (KBA) is set to convene the Africa Regional e-Conference for Leading Women in Banking and Finance from 15th to 16th October 2020. The virtual summit will [...]HF Group Half-year Net Loss Widens to KSh 295.5 Million
Kenyan listed mortgage lender HF Group widened its Net Losses for the six months ended 30th June 2020 to KSh 295.5 Million. This is compared to a net loss of [...]Absa Bank Kenya restructures loans worth KSh 57 Billion
Absa Bank Kenya offered loan relief and restructured loans totalling KSh 57 Billion to financially distressed customers, equivalent to 28 per cent of its loan book. During the six months [...]NCBA Half-year Net Earnings Rise Marginally to KSh 2.6 Billion
NCBA Group recorded a slight increase in its net earnings to KSh 2.6 Billion at the end of the six months ended 30th June 2020. This is compared to KSh [...]Equity Bank Appoints Erastus Mwencha as Board Chairman
Equity Bank Kenya has appointed Ambassador Erastus Mwencha as its Board Chairman, taking over from Professor Isaac Macharia who was recently appointed Equity Group Holdings Board Chairman. Prior to his [...]
