Salaam African Bank Aquires 100% Shares of Uwezo Microfinance Bank
Salaam African Bank, the leading bank by branch network in Djibouti, has acquired 100% ownership in Kenya’s Uwezo Microfinance Bank, ...
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Tag: Banks in Kenya
Prime Bank Partners with SimbaPay in Bid to Ease International Money Transfers
The service will allow customers to send money to bank accounts and mobile wallets in 15 countries, including neighboring Uganda, ...
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KCB Group Posts 43% Decline in Net Earnings for 3rd Quarter at Kes 10.9 Billion
Shareholders’ equity grew 12% from KShs. 121.2 billion to KShs. 135.9.1 billion. This was driven by the growth in earnings ...
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Kenya’s PMI Grew in September on Reopening of the Economy
New orders grew for the third month running, helped by a further increase in foreign orders, particularly from Europe and ...
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CBK Data Shows Banks are Closing More ATM Branches
The value of transaction has been tipped to rise on account of COVID-19 pandemic.
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Kenya’s Tax Relief Measures Retained Until January 2021
The National Treasury has also been directed to expedite the roll-out of the credit guarantee scheme for MSMEs in partnership ...
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Kenya Government To Guarantee Loans Offered to MSMEs in New Bill
The idea was boosted by passage of The Public Procurement and Disposal (Amendment) Bill, 2013 which provided that women, youth ...
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CBK Transfers 7.4 Billion to the Government Consolidated Fund
In making this decision, the CBK Board also noted the ongoing critical efforts to stem the spread of the Coronavirus ...
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Family Bank Registers a 274% Earnings Growth to KES. 1.01 Billion
Family Bank has recorded a KES 1.01 Billion profit before tax in the nine months of 2019, registering a remarkable ...
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