John Staley Leaves Equity Bank After 14 Years
John Staley, the brain behind some of Equity Bank's best digital payment solutions including Equitel, has left the company after 14 years. John Staley was the Head of Finance, Innovation and Technology, [...]
Kenya May 2017 Inflation Rate Rises Further to 11.70%
Consumer prices in Kenya jumped 11.70 percent year on year in May of 2017, following a 11.48 percent rise in the previous month. This was the highest inflation rate since May of 2012 mainly [...]Family Bank Q1 2017; Sh 260 Million Loss, Gross NPLs Up 92%
Family Bank Kenya has posted a net loss of Sh260 million in the first quarter of this year, amid declining outstanding loans and higher bad loans. This was poor when compared to [...]Corruption Food Security Among the Top Issues Concerning Kenyan Youths
Geopoll recently carried out a survey in Kenya targeted at youth aged between 15-35 years with the objective of identifying and measuring the issues that are most important to the [...]Housing Finance Q1 2017 Net Profits Fall Heavily by 73% To Sh 88 Million
Nairobi Securities Exchange listed mortgage finance provider Housing Finance Group (NSE; HFCK) has released its Q1 2017 results which saw its profits after tax dropping by a massive 73% from [...]AfDB, Ethiopia sign funding agreement to provide water to 3 million people
The African Development Bank Group and Ethiopia have signed loan and grant agreements to the tune of US $5.6 million for additional resources to Ethiopia’s One Water, Sanitation and Hygiene [...]May 2017; Kenya Central Bank Retains Key Rate For Fourth Session
In line with market expectations, Kenya's Central Bank (CBK) has for the fourth time left its benchmark interest rate on hold at 10 percent at its May 29th 2017 meeting. [...]Barclays Kenya Q1 2017 Pre-Tax Profit Declines, Customer deposits Grow
Barclays Bank has made public its Q1 2017 results as profit before tax decreased 17.2% to Ksh 2.5 Billion compared to Ksh 3. Billion posted in the same period in 2016. Customer deposits grew 7.5% [...]IBM Researcher Abdigani Diriye Selected as a TED Fellow
IBM scientist Abdigani Diriye has been selected as a TED Fellow for his research in mobile-based financial services and for launching a Somalia-based accelerator program for local technology start-ups. He will present his [...]Kenya Loan Rate Cap Hurting Small Banks Fitch Ratings
Smaller Kenyan banks are bearing the brunt of the impact of the cap on loan rates and the floor on deposit rates introduced in September 2016, and may become takeover [...]Tuskys Unveils Largest Store in Nairobi CBD With a Focus on Electronics
Tuskys Supermarkets, arguably Kenya's most successful retail chain last week unveiled its largest store in Nairobi Central Business District (CBD) following the merger of Tuskys Magic and Tuskys Express. The new store dubbed [...]Nigerian E-Commerce Platform Mall For Africa Sets Up Kenya Office
Nigeria's leading e-commerce platform MallforAfrica has opened an office in Nairobi, saying this follows a growing demand by Kenyans to buy from leading retailers in the UK and US. ‘’A growing [...]
