Banking

Former Kamukunji MP and current legislator in the East African Assembly Simon Mbugua has filed a petition challenging the issuance of new currency notes unveiled on Saturday. The EALA…

The new generation bank notes are now in circulation. During Madaraka Day celebrations on Saturday, CBK governor Patrick Njoroge announced the notes were issued on Friday, May 31 via a…

The bank saw non-interest income increase from Kshs.15.5 million to Ksh.194.7 million and is attributed to loan collections. Operating expenses remained low with cost containment being a key…

Kenya's central bank left its benchmark lending rate unchanged at 9.0% on Monday but its monetary policy committee said it would keep an eye on recent food and fuel price rises that could…

Alexander Forbes Financial Services, which provides retirement fund administration services, has stopped its current in-country operations in Uganda. Mr Dowie de Villiers, the Group’s…

The Co-operative Bank has announced a 4.4 per cent jump in profit for the first quarter of 2019. The bank has realized a profit after tax of Sh. 3.6 billion compared to Sh. 3.4 billion which…

Stronger non-funded income lines, robust loan book growth and reduction in interest expense drove performance from kshs. 5.2 billion reported the same period last year.

Tanzania on Tuesday denied blocking the publication of a critical International Monetary Fund report that accuses President John Magufuli’s government of undermining economic growth with…

The offer, which proposed a 10:1 share swap for NBK, would see KCB Group strengthen its position as the biggest bank in East Africa by assets. KCB’s plan to absorb the state-owned…

KCB group has disclosed plans to open a representative branch in China as it aims to benefit from increased trade ties between China and African countries especially, Kenya. China is the…