Absa Kenya launches credit line for SMEs
Absa Bank Kenya has launched a new credit line to boost Small Scale Enterprises (SME’s) to address concerns of increasing defaults on loans as a result of government failing to pay…...
Read More Forex deposits drop after demonetisation
Foreign currency deposits held by commercial banks declined by Sh12.9 billion last November, the second month after Central Bank of Kenya’s (CBK) demonetisation drive ended. CBK da…...
Read More Barclays life insurance officially changes to Absa life insurance
Following receipt of all regulatory approvals, Barclays Life Assurance Kenya limited has officially changed to Absa Life Assurance Kenya limited effective 10 February 2020. The chan…...
Read More Banks urged to adopt tech fast
Global tech giant, Microsoft has urged commercial banks to fast-track adoption of technology to mitigate costs and create new customer-centric products that help grow their business…...
Read More Kenya's economy to grow 6.2 per cent in 2020, central bank says
Kenya’s economy is forecast to grow 6.2 per cent this year, up from 5.7 per cent last year, central bank governor Patrick Njoroge said on Tuesday, as regional trade shields Kenya f…...
Read More Ex-London rogue trader 'to kick-start mortgage industry' in Ghana
Jan 23 2020 - A former banker who was deported from the UK to Ghana after being convicted of Britains biggest ever fraud has said he is planning to start a business in the mortgage …...
Read More Western Union and Airtel Money collaborate to facilitate cross-border money transfers
Tanzania and the Canadian mining giant Barrick Gold Corp on Friday signed an agreement to kick-start their new joint venture company to oversee Barricks future gold mining operation…...
Read More Safaricom partners with global money transfer firm Ria
Safaricom M-Pesa customers will now receive money from over 20-countries across the world following the signing of a partnership with Euronet Worldwide subsidiary Ria Money Transfe…...
Read More Ethiopia to Keep Control of Its Banks as Other Sectors Open Up
By Samuel GebreEthiopia is shaking up its economy by opening many industries to foreign investors. Just don’t expect the government to loosen its grip on banks yet.“Banking, insur…...
Read More World Bank projects modest 6pc growth for Kenyan economy
Kenya’s growth is projected to accelerate slightly in 2020, according to World Bank Group’s economists, partly supported by increased credit flow to businesses amid more favourabl…...
Read More