Stanbic Holdings Plc’s banking subsidiary, Stanbic Bank Kenya, has recorded a drop in earnings despite growth in interest income and…
Browsing: Banking
Citi has been named Africa’s Best Investment Bank for Financing at the 2025 Euromoney Awards for Excellence, recognizing its standout…
A former General Manager at Equity Bank has failed in his attempt to reclaim his position, where he earned a monthly salary…
Co-operative Bank of Kenya’s employer-based savings and credit unit, NWDT Sacco Society, has been ranked the best performing large- and…
Kenya’s commercial bank’s average rates have continued their downward trend, mirroring the the Central Bank of Kenya’s (CBK) recent monetary…
Ethiopia has introduced a comprehensive directive—effective June 25, 2025—governing the licensing and operations of foreign banking institutions. The directive provides…
The East African Development Bank (EADB) has signed its largest financing agreement yet with the OPEC Fund for International Development,…
Fewer, better capitalised banks may catalyze the mobilization of domestic savings, boost national investment, support economic modernization, and advance Kenya’s…
Listed lender Standard Chartered Bank Kenya has posted a 13.5% decline in net profit to KSh 4.86 billion in Q1…
Imagine waking up to a reality that feels like a bad dream. Your car, that you parked safely outside your…
Kenyan banks scored an average of 43.7% in the WWF’s inaugural 2024 Sustainable Banking Assessment (SUSBA), second only to South…
The Central Bank of Kenya (CBK) has proposed a new pricing framework that would anchor all bank lending rates to…
Kenya Commercial Bank (KCB) is set to auction the assets of road construction firm Nyoro Construction Company—owned by Kenyan tycoon…
The Office of the Data Protection Commissioner (ODPC) has ordered NCBA Bank to pay KSh 250,000 in compensation to a…
NCBA Group PLC has said that it will appeal a High Court ruling that nullified the KSh 384.5 million stamp…
The National Bank of Ethiopia (NBE) has maintained the 15% benchmark rate to temper inflation and anchor exchange rate expectations…
Ugandan investigators have arrested the country’s Accountant General and eight senior officials for a heist in which US$16mn was stolen…
Uganda’s legislature has forwarded the Auditor-General’s report on the UShs 60bn (US $ 16.23mn) Bank of Uganda heist to the…
The Central Bank of Kenya (CBK) has cut the benchmark lending rate by 0.75% to 12.00%, as expected, to support…
The Competition Authority of Kenya (CAK) has gazetted a settlement it made with KCB last year following a complaint that…
The Bank of Uganda’s Monetary Policy Committee (MPC) maintained the Central Bank Rate (CBR) at 10.25% at its June meeting.…