Even as the average ticket size of loans issued through the facility falls, Safaricom, NCBA, and KCB are making billions of shillings from their joint overdraft...
Today, the Kenyan shilling had its largest one-unit decline in the previous four months as it hit a new low against the US dollar. Google currency...
Six banks have joined Safaricom’s SIM-Swap-Check Anti-Fraud service, the company has revealed. The solution gives banks access to an API (Application Programming Interface) that allows them...
The National Treasury has reduced its assistance for Kenya Airways (KQ) by Sh10 billion as the exchequer starts to wind down its bailouts of the business....
Olugbenga Agboola, the chief executive officer and co-founder of the Nigerian payments company Flutterwave, arrived in Kenya this week in an effort to unfreeze Sh6.6 billion...
In exchange for taking over the struggling Spire Bank, Mwalimu Sacco will pay Equity Group up to Sh510 million, which will result in the lender’s entire...
Banks’ pre-tax profits for the 11 months to November last year reached a record Sh223.7 billion due to increased lending, paving the way for a dividend...
Kenya’s top 10 banks saw foreign exchange trading income rise 109 percent last year, playing a significant role in their operating income as banks cashed in...
Top commercial banks including Equity, KCB, and Cooperative Bank have stepped up education scholarships on soaring demand and prevailing economic hardships. The lenders, with backing from...
This year, a decision will be made to establish the East African Monetary Institute, which is necessary for implementing a single currency system. The Secretary-General of...