Standard Chartered’s Rollercoaster Ride in Nigeria
The Nigerian Naira has experienced fluctuations, showing both gains and losses. This currency volatility in Nigeria has broader implications for financial stability, economic awareness, and...
Equitel’s 5G Launch with Airtel Kenya Sets a New Standard in Virtual Telecommunications
Equitel's recent collaboration with Airtel Kenya to introduce 5G services represents a significant achievement in the telecommunications industry, particularly in Africa. Being the first Mobile...
Nigeria’s Central Bank Raises Benchmark Rate by 400 basis points- Implications for Banks
Nigeria's Central Bank has recently made a pivotal choice to increase the benchmark interest rate by 400 basis points to 22.75%. This decision is crucial...
Kenyan Government’s Debt Settlement For Kenya Airways and its Impact
The Kenyan government settling Kenya Airways' debt with Exim Bank highlights digital banking's growing importance. This move signifies a shift toward modern financial solutions for...
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...
Insights from the Failed Bid to Freeze Anne Amadi’s Bank Accounts in Gold Fraud Case
The failed attempt to freeze Anne Amadi's bank accounts in a gold fraud case highlights issues in digital banking security. This incident exposed gaps in...
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,...