At the Global SME Finance Awards 2023, The Co-operative Bank of Kenya was voted the top financier of small and medium-sized businesses (SME) in Africa. The...
By the end of June, six out of ten micro and small businesses (MSEs) had defaulted on their loans, illustrating the challenging business climate caused by...
KCB Group reported a 20% drop in net profit for the six months ended June, owing to staff reorganization charges and a near tripling of loan default...
Standard Chartered Bank’s net profit for the half year ending June increased by 28% to Sh6.9 billion compared to the same period last year, owing to...
Stanbic Bank announced that it will enhance financial assistance to its clients in order to support long-term climate solutions. It will also help them create capacity,...
In the six months that ended in June, Equity Group’s net profit jumped 7.8% to Sh26.3 billion owing to increased interest and non-interest earnings. Due to...
KCB Bank Kenya and the Swedish International Development Cooperation Agency (SIDA) have signed an agreement to insure small business loans worth Sh1 billion. The bank will be able to increase lending to small and medium-sized businesses that are considered risky and hence have difficulty obtaining credit...
The banking sector regulator has established a new cap to control how banks lend to one another in order to alleviate the pain felt by small...
Central Bank of Kenya (CBK) is expected to retain its benchmark lending rate at June’s historic rate hike to 10.5 percent during a meeting of its...
Dozens of small banks have found themselves in a funding crunch as interest rates have risen sharply, affecting the cost of money in the interbank market....