BankingKenya’s NCBA Bank to partner with Chinese fintechsInternational Finance DeskOctober 23, 2019 by International Finance DeskOctober 23, 2019 The bank aims to boost Sino-Africa trade by facilitating financial transactions with China... Read more
BankingKenya’s CBA to own 53% stake in merger with NIC GroupPritam BordoloiSeptember 30, 2019November 1, 2019 by Pritam BordoloiSeptember 30, 2019November 1, 2019 The merger will be effective from September 30 and the new entity will be known as NCBA Group... Read more
BankingKenya’s Equity Bank appoints ex-World Banker as new COOInternational Finance DeskSeptember 3, 2019December 16, 2019 by International Finance DeskSeptember 3, 2019December 16, 2019 As the new COO, John Wilson will oversee Equity Bank Kenya’s operations at the group level... Read more
BankingKenyan banks seek amendment of interest rate capping lawInternational Finance DeskAugust 22, 2019December 16, 2019 by International Finance DeskAugust 22, 2019December 16, 2019 Kenya Bankers Association asks parliament to increase the interest rate capping limit for industries to flourish... Read more
BankingStandard Bank on target to raise stake in Kenya’s Stanbic to 75%International Finance DeskJuly 18, 2019December 16, 2019 by International Finance DeskJuly 18, 2019December 16, 2019 The South African bank has increased its stake in Stanbic to 69.1% by December 2018... Read more
Real EstateKenya creates new financial institution to boost affordable mortgagesInternational Finance DeskMay 23, 2019November 14, 2019 by International Finance DeskMay 23, 2019November 14, 2019 The new company will lend to banks, microfinance institutions, and Saccos at affordable rates... Read more
BankingCommercial Bank of Africa-NIG merger: No job cuts, warns KenyaInternational Finance DeskMay 14, 2019 by International Finance DeskMay 14, 2019 The deal will see NIG and CBA shareholders acquire 47 percent and 53 percent respectively of the merged entity... Read more