Schneider Electric Kenya Appoints Ifeanyi Odoh as the new Country President
Schneider Electric Kenya's choice of Ifeanyi Odoh as the new Country President is a significant leadership shift. This decision reflects Schneider Electric's commitment to fostering...
Rising Tide of Non-Performing Loans in Kenyan banks
Kenyan banks are grappling with a mounting challenge as Non-Performing Loans (NPLs) soar, raising concerns about financial stability and economic growth. The sharp increase in...
NMB Bank Plc Recognized as the Best SME Bank in Tanzania 2024
NMB Bank Plc has been honored with the title of Best SME Bank in Tanzania for the year 2024 by Global Finance Magazine at the...
Frank Mwiti Appointed as CEO of NSE
The Nairobi Securities Exchange (NSE) has named Frank Mwiti as its new Chief Executive Officer (CEO), effective May 2, 2024, succeeding outgoing CEO Geoffrey Odundo,...
What the Kenyan Shilling Surge means to Banking Services
The Kenyan shilling's surge against the US dollar marks a pivotal moment in the country's economic narrative, with profound implications for financial institutions and the...
Understanding the Strengthening Kenyan Shilling
The recent strengthening of the Kenyan shilling against the US dollar has sparked considerable interest and scrutiny, particularly within the banking sector, where exchange rate...
Bolaji Agbede Takes the Helm at Access Bank as Holding interim CEO After Wigwe’s Demise
Access Bank has announced the appointment of Bolaji Agbede as the interim CEO, following the tragic demise of Herbert Wigwe, the former CEO, in a...
This is Why Government is Reducing Reliance on Domestic Banks
In recent years, Kenya's external debt has been on the rise, reaching an all-time high of $38.3 billion by September 2023, marking a significant milestone...
Sidian Bank Launches its 45th Branch in Nyali Mombasa
Sidian Bank has extended its reach with the inauguration of its 45th branch in Nyali, Mombasa. This strategic endeavor signifies the bank's dedication to reinforcing...
The Bank of Uganda maintains the policy rate at 9.5 percent, Here is Why
The Bank of Uganda's (BoU) recent decision to uphold its policy rate at 9.5% reflects a strategic stance in navigating Uganda's complex economic landscape, as...