MasterCard and KCB Bank’s Strategic Alliance To Improve Payment Systems
MasterCard and Kenya Commercial Bank (KCB) have teamed up to bring about a significant change in East Africa's financial sector. This strategic partnership aims to...
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...
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...
Herbert Wigwe, Access Bank CEO Dies in helicopter crash
The tragic incident of Herbert Wigwe's untimely death in a helicopter crash has sent shockwaves through both the Nigerian and international communities. As the Group...
What You Need to Know About CBK’s Recent Base Lending Rate Hike
The Central Bank of Kenya (CBK) has announced a significant adjustment in its base lending rate, increasing it from 12.5% to 13%, marking the highest...
UBA Kenya Welcomes Ms. Mary Mulili as New MD/CEO
UBA Kenya has announced the appointment of Ms. Mary Mulili as its new Managing Director and Chief Executive Officer, on January 31, 2024l. This marks...