What the Kenyan Shilling Surge means to Banking Services
The Kenyan shilling's surge against the US dollar marks a pivotal moment in the country's economic narrative, with profound implications for financial institutions and the...
Understanding the Strengthening Kenyan Shilling
The recent strengthening of the Kenyan shilling against the US dollar has sparked considerable interest and scrutiny, particularly within the banking sector, where exchange rate...
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...
A Deep Dive into the Sh100 Billion Pension Fund Deal with NCBA, Co-op, and Stanbic Bank
NCBA Group Plc, Cooperative Bank (Co-op), and Stanbic Bank have secured a deal to jointly manage over Sh100 billion in pension contributions for the Public...