Absa Bank Kenya Records Ksh 10.7 billion Profit in H1 2024
Absa Bank Kenya recorded a profit after tax of Ksh 10.7 billion in H1 2024, marking a 28.9 percent rise from Ksh 8.3 billion recorded...
KCB Bank Reports KSh 29.9 billion in Profits in H1 2024
KCB Bank profits rose to KSh 29.9 billion in H1 2024, an 86 percent increase from the Ksh 16.1 billion recorded during the same period...
Standard Chartered Bank Kenya Reports Ksh 15.84 Billion Net Profit in Q3 2024
Standard Chartered Bank Kenya has posted a net profit of Ksh 15.84 billion for the third quarter of 2024, marking a 62.7% increase from the...
Stanbic Bank Kenya Posts Ksh 10.14bn Net Profit for Q3 2024
Stanbic Bank Kenya has announced a net profit of Ksh 10.14 billion for the third quarter of 2024, marking a 9.26% year-on-year increase. This was...
Premier Bank, Mastercard Partner to Launch Shari’ah-Compliant Payment Cards in Kenya
Premier Bank, in collaboration with Mastercard, has unveiled a range of Shari’ah-compliant debit, credit, and prepaid cards in Kenya. The partnership was announced by Premier...
Mastercard and Alerzo Partner to Boost Digital Transformation for Nigerian MSMEs
Mastercard has joined forces with Nigerian B2B e-commerce platform Alerzo and the USAID-funded e-Trade Alliance to drive digital transformation and financial inclusion among micro, small,...
Central Bank of Egypt Launches 24/7 International Remittance Service
The Central Bank of Egypt (CBE) has launched a new service enabling instant international remittance transfers directly into Egyptian bank accounts. The service, available 24/7...
AfDB and TDB Group Seal $150M Trade Finance Deal to Boost Intra-Africa Trade
The African Development Bank (AfDB) and the Eastern and Southern African Trade and Development Bank (TDB Group) have signed a $150 million Trade Finance Unfunded...
AfDB Invests $24 Million in West African Development Bank to Accelerate Regional Development
The African Development Bank Group (AfDB) has signed a landmark agreement for a $24 million equity investment in the West African Development Bank (BOAD). The funding aims...
PayMint, ADIB Egypt To Launch Meeza Prepaid Cards following CBE Approval
The Central Bank of Egypt has granted approval to PayMint, in collaboration with Abu Dhabi Islamic Bank (ADIB) Egypt, to launch the prepaid “Meeza” card. This innovative...