Featured ForexLow dollar demand underpins Kenya’s forex by Sh760 mnInternational Finance Business DeskNovember 12, 2020November 12, 2020 by International Finance Business DeskNovember 12, 2020November 12, 2020Remittance inflows stood at $260.7 million in September compared to Sh29.7 billion and Sh29.9 billion in the previous two months...Read more
Banking FeaturedCaritas Microfinance Bank joins Kenya Bankers AssociationInternational Finance Business DeskAugust 25, 2020 by International Finance Business DeskAugust 25, 2020Straps: With that, the total number of members in the association has reached to 47 banks...Read more
Magazine TechnologyThe rise of crypto adoption in AfricaWebAdminJuly 22, 2020August 11, 2020 by WebAdminJuly 22, 2020August 11, 2020Facebook’s Libra and CBDCs are contributing factors to increase the popularity of cryptocurrency in Africa...Read more
Featured TelecomKenya extends free mobile money transactions for cashless paymentsInternational Finance Business DeskJune 30, 2020June 30, 2020 by International Finance Business DeskJune 30, 2020June 30, 2020For that reason, the central bank has extended free mobile money transactions less than Sh1,000...Read more
Banking FeaturedKCB to acquire Imperial Bank under receivershipInternational Finance Business DeskJune 4, 2020June 4, 2020 by International Finance Business DeskJune 4, 2020June 4, 2020Five years ago, Imperial Bank was placed under receivership on the basis of inappropriate banking practice...Read more
Banking FeaturedUnaitas Sacco approves Sh500 mn dividend pay out for membersInternational Finance Business DeskMay 13, 2020May 13, 2020 by International Finance Business DeskMay 13, 2020May 13, 2020The Sacco comprises more than 320,000 members in Kenya...Read more
Banking FeaturedKenya issues Sh50 bn bond to provide further supportInternational Finance Business DeskMay 8, 2020May 8, 2020 by International Finance Business DeskMay 8, 2020May 8, 2020Even the IMF approved $1.23 bn of emergency funding for Kenya and Uganda...Read more
BankingKenyan banks outperform Nigerian counterpartsPritam BordoloiNovember 29, 2019 by Pritam BordoloiNovember 29, 2019According to Moody’s report, technology helped Kenyan banks to be more efficient...Read more
In the NewsKenya court clears case against National Bank acquisitionInternational Finance DeskAugust 12, 2019 by International Finance DeskAugust 12, 2019Two individuals Evans Aseto and John Kiptoo filed the petition on grounds of the legality of the deal...Read more
ForexKenyan banks’ forex deposits stabilise at Sh577.9 bn as of June endInternational Finance DeskJuly 24, 2019December 23, 2019 by International Finance DeskJuly 24, 2019December 23, 2019The central bank said that there was a slight decline of 0.2 percent in forex deposits during the period between April and May...Read more