Central Bank of Kenya holds main lending rate, eyes on inflation
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…
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…
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 Chief Executive Officer, termed the exit…
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…
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 “unpredictable and interventionist” policies. In…
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…
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…
Online marketplaces are changing how Africans shop or get services. These digital platforms, such as Jumia, Souq, Uber, and Travelstart that match buyers and providers of goods and services, could…
CBK Governor Dr. Patrick Njoroge has voiced his concerns about lack of rules in the mobile lending sector. The Governor likened the digital lenders to Shylocks and blamed them for exploiting desperate…
The Bank’s operating loss before exceptional items stood at Ksh. 307 million, a 78 percent improvement compared to the previous year. This improvement was driven by the Bank’s decision to focus on loan collections, according to the bank’s report.