Why Is Old Mutual Exiting the South Sudan Insurance Market?
Old Mutual, one of South Africa’s largest financial services groups, is winding down its insurance operations in South Sudan through its subsidiary, UAP Insurance South...
What Led to Bank Al-Habib’s Quiet Exit From the Kenyan Market?
Bank Al-Habib Ltd (BAHL), a Karachi-based commercial bank, has officially exited the Kenyan market after operating a representative office in Nairobi for seven years. The...
Leading Banks by MSME Lending in Kenya 2025
1. Equity Bank – Ksh. 24.9 Billion Equity Bank has disbursed Ksh. 24.9 billion in MSME loans, maintaining a strong position in small business financing....
What’s Behind Standard Chartered Sh7 Billion Pension Dispute With Retirees?
Standard Chartered Bank Kenya is locked in a prolonged legal battle with 629 of its former employees over Sh7.79 billion in contested pension payments. The...
Should the NSE Suspend Companies Under Receivership?
The Nairobi Securities Exchange (NSE) is facing renewed scrutiny following its decision to indefinitely suspend trading in TransCentury PLC and East African Cables PLC, two...
Gadaa Bank Becomes Second Bank to List on ESX
Gadaa Bank S.C., a domestically owned commercial bank, has become the second financial institution to list on the Ethiopian Securities Exchange (ESX), following Wegagen Bank’s...
Who Is Behind the Acquisition of Gulf African Bank?
The Competition Authority of Kenya (CAK) approved the acquisition of Gulf African Bank (GAB) by Dubai-based Soren Investment Company Ltd on May 16, 2025. The...
Can Financial Courts Fix Nigeria’s Credit Access Problem?
United Bank for Africa (UBA) Group Managing Director and CEO Oliver Alawuba has called for the creation of a special financial court in Nigeria, arguing...
Why Access Bank Is Injecting Sh 1.9 billion into Its Kenyan Subsidiary
Access Bank Plc is injecting $15 million (Ksh 1.9 billion) into Access Bank Kenya after securing a “No Objection” from the Central Bank of Nigeria...
Equity Bank Staff Crackdown Moves to Uganda, Who’s Next?
The internal fraud crackdown that saw Equity Bank sack over 1,200 employees in Kenya has now expanded to Uganda, as the lender intensifies its scrutiny...