The Central Bank of Kenya (CBK) initially blocked the product that is anticipated to upend the mobile loans market but has now approved a Safaricom-backed zero-interest...
The main source of a bank’s non-interest income is from foreign currency trading, revealing how lenders are benefiting from the ongoing dollar shortage. Forex trading accounts...
If the Cabinet approves a restructuring plan that includes financial bailouts from the Treasury, it will take at least three years for the Kenya Broadcasting Corporation...
In an effort to relieve some of the pressure associated with paying the $2.0 billion (Sh277.6 billion) Eurobond due next year, the government has shortlisted four...
DTB Group reported a 10.9 percent increase in earnings in the first quarter ended March, aided by higher lending and transaction income. The bank’s net profit...
African leaders have been urged by President William Ruto to join a pan-African payments system to ease trade within the continent as a first step toward...
When the first review of the agreed-upon policy reform measures is carried out in November, Kenya will not use its new $544.3 million, or about Sh75.3...
In the most recent regulatory disclosure, small lenders like First Community Bank (FCB), Ecobank of Kenya, and HF Bank dominate the list of banks offering lower...
In order to increase its capital, Stanbic Holdings received a $30 million (Sh4.1 billion) subordinate loan from Standard Bank, the parent company based in South Africa....
Cherotich Rutto, like most small-scale farmers in Kenya, toiled for nearly a decade to produce fresh food only to receive meagre returns. If she was lucky,...