Why I&M Bank has reduced lending rates by 0.75%

I&M Bank has announced plans to reduce lending rates by 50 basis points effective from 23rd…

Higher loan loss provision trims NCBA’s profit to Kshs 15.1 billion

NCBA Group PLC has reported Kshs 15.1 billion in net profit for the first nine months…

Old Mutual offers insurance customers monthly payment option

Old Mutual General Insurance Kenya (OMGIK) has launched a Monthly Premiums Plan, which is designed to…

Safaricom sets up money market fund targeting M-PESA customers

Safaricom has set up a money market fund that will be accessible through the M-PESA platform,…

Higher interest income drives up Family Bank’s profit to Kshs 2.3B

Family Bank Group has reported Kshs 2.3 billion in net profit during the first nine months…

CPF Financial Services secures REIT, Investment Advisor licences

CPF Financial Services, through its subsidiary CPF Capital and Advisory Limited has been licensed by the…

Why 61st AERC Biannual Plenary Session is focusing on FinTechs

Africa’s FinTech market is projected to grow thirteenfold to US$65 billion by 2030 and will have…

Stanbic Bank profit hits Kshs 10.1 billion powered by lower costs

Stanbic Bank has posted Kshs 10.1 billion in net profit for the first nine months of…

Why Absa Bank Kenya has opened a branch at Kamakis

Absa Bank Kenya has opened a new branch in Kamakis, Kiambu County targeting to address the…

Co-op Bank named Overall Winner at 2024 Sustainable Finance Catalyst Awards

Co-operative Bank is the Overall Winner at the Kenya Bankers Association (KBA) 2024 Sustainable Finance Catalyst Awards.…

Online tool for schools to embed financial literacy skills launched

M-PESA GO, Old Mutual and the Kenya Institute of Curriculum Development (KICD) have today unveiled a…

How to navigate digital transformation in Kenya’s financial services sector

By Stella Situma Kenya has become a digital powerhouse, and its banking and finance sector is…

I&M Group profit up 18% to Kshs 9.2B as NPLs headache persists

An increase in the loan loss provision trimmed I&M Group’s net profit during the first nine…

Absa Bank profit hits Kshs 14.7B as loan loss provision up 19%

Absa Bank Kenya made Kshs. 14.7 billion in net profit during the first nine months of…

Equity Bank reduces lending rates by 0.44% after 0.75% CBR cut

Equity Bank Kenya has announced a reduction of its base lending rate by 44 basis points…

NCBA tailors Homa Bay branch for farmers, fisherfolk and traders

NCBA has opened a branch in Homa Bay seeking to offer financial services to those involved…

SMEs in Rift Valley tipped on how to build resilience

Entrepreneurs, industry experts and key stakeholders drawn from the Rift Valley region have been empowered on…

KCB secures Kshs 69M for MSMEs to enhance climate smart technologies

KCB Bank Kenya has secured USD 540,000 (Kshs 69 million) from the Green Climate Fund (GCF)…

Kenyan journalists empowered to report on financial literacy

Old Mutual Group has held a comprehensive financial education training program for journalists to enhance their…

High interest income pushes Co-op Bank’s profit to Kshs 19.2B

Co-operative Bank Group has reported Kshs 19.2 billion in net profit during the first nine months…

How NCBA’s deal with Xpress Money will grow remittances

NCBA has signed a Memorandum of Understanding (MoU) with Xpress Money, a cross-border international payment solutions…

Businessman wins Kshs 1M in Absa ‘Change Your Story’ campaign

Absa Bank Kenya has awarded the first winner in the Change Your Story card campaign that…

Absa Bank empowers 200 business operators from Western region

Absa Bank Kenya has hosted 200 business leaders in Kisumu for a Business Club Forum as…

Co-op Bank unlocks Kshs 500M for water and sanitation projects

Co-operative Bank has partnered with Aqua for All, Water.org and Water & Sanitation Services Provider Association…

Lazarus Muema takes over as Family Bank chairperson

The board of directors of Family Bank have appointed Lazarus Muema as the new Chairman following…

Co-op Bank offers cheapest overdrafts, beats peers in cheap loans

Co-operative Bank of Kenya is the to go to bank if you are looking for the…

How to boost your savings for the festive season

December is fast approaching, and you know what that means, festive season is just around the…

Stanbic unveils elite cards with premium travel, insurance benefits

Stanbic Bank Kenya and Mastercard have partnered to introduce two new world class credit cards to…

Absa Bank partners with IFC to train 600 suppliers on procurement

Absa Bank Kenya has partnered with the International Finance Corporation (IFC), a member of the World…

Safaricom refunds M-PESA transaction fee as telco turns 24

M-PESA customers are Wednesday being refunded the transaction fee for their first transfer they make to…

KCB seals Kshs 32 billion support for SMEs, youth and Women

KCB Bank Kenya has secured a €230 million (Kshs 32 billion) for supporting small and medium…

Commercial banks earmark Kshs 450 billion for financing MSMEs

Commercial banks have committed Kshs 450 billion financial support towards Micro, Small, and Medium-sized enterprises (MSMEs)…

Securities Africa Kenya rebrands to Capital A Investment Bank

Capital A Investment Bank, formerly Securities Africa Kenya Limited, has unveiled a new brand identity, marking…

How new Safaricom App will enhance Sacco members’ experience

Safaricom has launched a new, easy-to-use application that will enable Saccos across Kenya to efficiently manage…

How KCB is supporting setting up of a hub for Dutch businesses

KCB Bank Kenya and Invest International, a Netherlands public-private financial institution have signed a deal to…

JPMorgan Chase Bank N.A. opens representative office in Kenya

NCBA tailors new Diani branch for travellers, businesses, individuals

NCBA has unveiled a new branch in Ukunda, Kwale County, as part of its local expansion…

How Equity Bank will support SMEs scaling into regional markets

Small and medium enterprises businesspeople have been encouraged to scale up their business beyond their current…

How Network will revolutionise in-store payments in Kenya

Network International (Network), a leading enabler of digital commerce across the Middle East and Africa (MEA)…

How SBM Bank is empowering women in global trade

SBM Bank in partnership with Centre for the Promotion of Imports (CBI), a program funded by…

Co-op Bank forging closer ties with public benefit organisations

Co-operative Bank of Kenya is strengthening partnership with public benefit organizations in efforts aimed at creating…

University students tapped to develop AI-driven insurance solutions

Kenya Reinsurance Corporation (Kenya Re) has launched the Kenya Re AI4Insurance Hackathon 2024, challenging university students…

Why farmers in Kenya should embrace insurance

Farmers in Kenya, where agriculture is a cornerstone of the economy, a backup plan is necessary…

CBK vets and licenses 85 digital lenders from 730 applications

There are 85 licensed digital lenders in Kenya following the approval of 27 applicants to legally…

Why Safaricom has rolled out a standing order feature on M-PESA

Safaricom’s Mobile Money Platform, M-PESA has introduced M-PESA Ratiba that allows users to set up standing…

Absa Bank Kenya offers affluent customers a retrenchment cover

Absa Bank Kenya has revamped its affluent segment with an expanded, differentiated offering by classifying consumer…

Madison Life Assurance seals Buy & Build Financing deal

Madison Life Assurance and HF Group have announced the availability of affordable financing options for individuals…

CBK data: Cooperative Bank beats peers in offering cheap loans

If you are seeking a personal or business loan, Co-operative Bank of Kenya should be your…

Startimes customises solar solutions for Mwalimu Sacco members

Startimes has sealed a strategic partnership with Mwalimu National Sacco aimed at driving the uptake of…

Co-op Bank has lowest overdraft rates for tier one banks in Kenya

Cooperative Bank of Kenya has the cheapest loan rates for tier-one commercial banks in Kenya for…