Economic challenges not a hurdle for Kenya’s banking sector, says Central Bank of Kenya
The Central Bank of Kenya forecasts a 5.7% increase in growth for 2022....
Tag : Kenya banks
Co-op Bank restructures loans worth Sh39.2 bn to support distressed clients
The revenue streams of several businesses have been severely impacted by the protracted pandemic...
Absa Bank restructures over 50,000 loan facilities for Kenyans
Absa Bank's restructuring is part of its commitment to protect customers from the adverse effects of the coronavirus pandemic...
Unaitas Sacco approves Sh500 mn dividend pay out for members
The Sacco comprises more than 320,000 members in Kenya...
Kenya issues Sh50 bn bond to provide further support
Even the IMF approved $1.23 bn of emergency funding for Kenya and Uganda...
Kenya’s Co-op Bank to acquire Jamii Bora as part of consolidation plans
The acquisition will strengthen Co-op Bank asset base to over Sh 462 billion...
Why Kenya needs fewer banks
Around 80 percent of the profits made by the Kenyan banking sector go to the top five to six banks...
Safaricom’s Mali to take on banks through mobile saving service
The new investment tool, powered by M-Pesa, will offer an interest rate of 10% per year...
Kenyan banks outperform Nigerian counterparts
According to Moody’s report, technology helped Kenyan banks to be more efficient...
Standard Chartered launches digital loans for Kenyan youth
The average age of a Standard Chartered customer is 50 plus...