Can Customers Trust Banks After Equity Loses Fraud Case
Equity Bank Kenya has been ordered to compensate a customer Sh450,726 after the High Court rejected its appeal and confirmed a lower court ruling that...
How a Single Day Cost Stanbic Bank Sh32.4 Million
Stanbic Bank Kenya has lost a Court of Appeal battle that will now see it pay Sh32.4 million to Kenya Haulage Agency Limited, after a...
Is Kenya Betting on Borrowing as CBK Lowers Rate to 9.75 Percent
The Central Bank of Kenya (CBK) has reduced the Central Bank Rate (CBR) to 9.75 percent from 10.00 percent, its sixth consecutive cut, raising questions...
KCB Bank Places Diamond Industries Under Receivership
KCB Bank Kenya has placed Diamond Industries Limited, a Mombasa-based manufacturing firm, under receivership. Joy Vipinchandra Bhatt has been appointed as the Receiver and Manager...
Equity Group Seeks Exemption from DRC’s Shareholding Requirements
Equity Group Holdings is seeking exemption from shareholding rules introduced by the Banque Centrale du Congo (BCC), which require banks operating in the Democratic Republic...
How a Key NYS Suspect Made Large Withdrawals as Bank Staff Observed
An employment dispute between Standard Chartered Bank Kenya and a former branch manager has revealed fresh details about how James Thuita, one of the prime...
10 Commercial Banks with the Lowest Lending Rates in Kenya
The following ten banks are offering the lowest lending interest rates in Kenya, as of April 2025. 1. Citibank NA Kenya – 10.82% Citibank NA...
Was $56 Million Really Stolen from Ethiopia’s Top Bank?
The Commercial Bank of Ethiopia (CBE) has denied reports of a large-scale internal theft involving over 7.7 billion Ethiopian birr (approximately $56 million), asserting that...
Absa Bank Kenya Reports Sh6.1 Billion Net Profit for Q1 2025
Absa Bank Kenya has reported a net profit of Sh6.1 billion for the first quarter of 2025, representing a 3.6 percent increase from Sh5.9 billion...
Equity Bank Just Took Out 1200 Employees: What Went Wrong?
Equity Bank has dismissed 1200 employees across its branches following an internal forensic audit that uncovered widespread fraud involving staff salary accounts, customer transactions, and...