Eng Patrick Obath to Step Down As Chairman of StanChart Board
Engineer Patrick Obath is set to step down from the board of Standard Chartered Bank Kenya at the end of this month according to a statement issued by the bank. [...]
Tala partners With Visa to Offer Crypto to the Unbanked
Tala, a credit-focused Fintech Startup, has partnered with Visa, a credit card giant, to drive the use of cryptos in emerging markets. The companies announced that the idea behind this [...]
Kenya Bank CEOs Gear Up for Online Live Chats this May
The Kenya Bankers Association (KBA) will kick off its quarterly My Chat with a Bank CEO event this month, hosting live sessions with Chief Executives (CEOs) of local banks and [...]
Kenya's Private Sector Activity Drops to Lowest Level in 11 Months
Kenya's private sector activity during the month of April dropped to its weakest level in 11 months mainly due to the movement restrictions and extended curfew hours introduced in five [...]KCB Group seeks Approval to Acquire BancABC Tanzania Limited
KCB Group PLC has given a merger notification to Tanzania's Fair Competition Commission (FCC) concerning its intention to acquire entire shares in BancAfrican Banking Corporation Tanzania Limited. Already, KCB has [...]Bad loans in Banks to rise in Q2, 2021, Warns Central Bank Credit report
The level of Non-Performing Loans (NPLs) in the Banking industry is expected to rise in the second quarter of 2021. This alert has been issued in the latest Credit Officer [...]Jubilee General Insurance Retains 34% Ownership After KSh10.8 Billion Acquisition by German's Allianz
Jubilee Holdings, the leading insurance provider in East Africa, has completed the sale of 66% ownership in Jubilee General Insurance to one of the largest insurers in the world, Allianz. [...]Kenya Tanzania Lift Barriers on Cross Border Trade, Ink Gas Pipeline Deal
Kenya and Tanzania have agreed to lift barriers on cross border trade, which has hindered the smooth flow of people and trade between the countries. Therefore, a joint team of [...]
Three Listed firms to Delay Publishing their 2020 Audited Accounts
Three listed firms Home Afrika, East African Cables, Crown Paints, have announced that there will be a delay in publishing their audited financial results for the period ended 31st December [...]Dr Benson Wairegi to Leave Britam's Board on 28th May 2021
Dr Benson Wairegi is set to step down from the Board of Britam Holdings on 28th May this year, after serving in the company for more than four decades. The [...]World Bank's IFC to Lend $25 Million to Kenyan Real Estate Company
The International Finance Corporation (IFC), the private-sector development arm of the World Bank, has announced that it plans to lend $25 million (KSh2.7 billion) to Stellar Warehousing and Logistics Limited, [...]Kenyan Gro Intelligence is on TIME's 2021 List of World's Top 100 firms
Kenyan Gro Intelligence, a data analytics company, has made it to TIME's 2021 list of the 100 Most Influential Companies in the world. Gro Intelligence is listed under Innovators alongside [...]
