Kenyan banks lose Ksh.50M daily as hackers wreak havoc

By Faizal Ahmed,

The Directorate of Criminal Investigations (DCI) on Wednesday published posters with the faces and names of 130 suspects wanted for hacking into bank ...

Directorate of Criminal Investigations (DCI) , Habil Olaka , hacking

Kenya’s private sector mulls creation of corruption referencing bureau

By Kepha Muiruri,

Players drawn from Kenya’s private sector are pondering the creation of a corruption referencing bureau in the course of the next five years, in an ...

Central Bank of Kenya , Habil Olaka , Kenya Bankers Association , KEPSA , Whistle-blower Bill

Hockey clubs converge in Mombasa for SANA Cup

By Moses Ngige,

The Kenya Hockey Union (KHU) Premier Leagues takes a break this weekend as all roads lead to Mombasa for the SANA Cup Tournament. The tournament is...

Kenya Hockey Union , KHU , SANA Cup

KCB to finalize Imperial Bank deal in September, posts Ksh12bn HY profit

By Reuters,

KCB Group expects to finalize a takeover of smaller rival Imperial Bank by the end of September, Kenya’s biggest bank by assets said on Thursday aft...

Acquisition , Central Bank of Kenya , imperial bank , Joshua Oigara , KCB , Kenya Bankers Association , receivership , robin hood tax

NGOs want Parliament to reject Finance Bill 2018

By Citizen Reporter,

The East Africa Tax and Governance Network, a consortium of civil society group has called on the National Assembly to reject the Finance Bill 2018. ...

Activist Okiya Omtata , Finance Bill 2018.

Banks shy away from farmers over waiver culture

By Sophie Kinoti,

Government debt relief to small holder farmers has seen most lenders become hesitant to offer loans. According to a report by the Kenya Bankers’ ...

agriculture , banking , debt waiver , farming , government policy , Habil Olaka , Jared Osoro , KBA

Proposed tax on transactions above Ksh.500,000 suspended

By Dzuya Walter,

The High Court in Nairobi has issued conservatory orders suspending the implementation of the excise duty introduced by the Finance Bill 2018 on money...

excise duty , Finance Bill 2018. , omtata

Bankers oppose Rotich’s ‘Robin Hood’ tax

By Dzuya Walter,

Bankers have taken issue with the government’s plan to tax transactions above Ksh500,000 as proposed by National Treasury cabinet secretary Henry Ro...

banking , cost of doing business , excise duty , Henry Rotich , KBA , Kenya Bankers Association , lobby group , robin hood tax , software , universal healthcare

Banks to shift to risk based deposit insurance plan

By Kepha Muiruri,

Commercial banks insurance premiums on customer deposits could soon rise with plans to move to a new risk based model. Currently banks pay a flat r...

banks , Central Bank of Kenya , consumer confidence , Habil Olaka , INSURANCE , KBA , Kenya Deposit Insurance Corporation , Mohamud Ahmed , risk based supervision

Banks eye opportunities in Govt development plan

By Kepha Muiruri,

The Kenya Bankers Association (KBA) has challenged commercial banks to capitalize on the opportunities presented by the government’s development asp...

Big 4 , development , interest rate cap , KBA , Kenya Bankers Association , Lamin Manjang , National Treasury , smes

KCB eye volleyball league success after Makueni glory

By Stanley Mativo,

KCB women's volleyball head coach David Kinga has said that sticking to the "game plan" worked the magic as they edged Kenya Prisons 3-2 to clinch th...

KVF , makueni county , Volleyball

CBK, KBA launch portal for borrowers to compare loan costs

By Mumbi Warui,

Bank customers seeking a loan will from now be able to compare costs charged by the country’s banks in an effort of choosing a bank with the least c...

Central Bank of Kenya , cost of borrowing , interest cap , Kenya Bankers Association , loan , Monetary Policy Committee , transparency

Banks cut out ‘middleman’ with PesaLink launch

By Mumbi Warui,

12 banks have been cleared by the central bank of Kenya to run and operate industry based mobile money transfer platform. PesaLink, a brainchild of...

banks , cashlite , Fintech , Habil Olaka , Integrated Payment Services Limited , IPSL , KBA , Kenya Bankers Association , M-pesa , merchants , micropayments , mobile money transfer , payment solutions , PesaLink , Safaricom , subsidiary , Transactions

KBA hires team to run fintech subsidiary

By Citizen Reporter,

The Kenya Bankers Association (KBA) has appointed a senior management team to run its mobile banking and financial technology subsidiary. The move ...

banks , business , CBK , cut operating costs , financial technology , Fintech , Habil Olaka , Integrated Payments Services Limited , IPSL , Jeniffer Theuri , KBA , Kenya Bankers Association , M-pesa , Michael Mbuthia , money transfer , Safaricom

Bankers Association appoints new CEO in charge of mobile banking

By Teddy Otieno,

The Kenya Bankers Association has appointed a senior management team to run its mobile banking and financial technology subsidiary. The move comes ...

KBA assures market of banking sector stability

By Ephraim Mugo,

The Kenya Bankers Association (KBA) has rubbished reports of instability in the country’s banking sector. This follows of social media reports pu...

bank stability , banks should engage customers , chase bank , David Thuku , Family bank , KBA , Kenya Bankers Association , open new branches , panic withdrawals , Prime Bank , social media reports

Standard Chartered to lay off 300 as bank moves shared services to India

By Citizen Team,

Standard Chartered Bank Kenya has announced plans to shift part of its operations from Nairobi, to India, as part of plans to restructure its operatio...

Family bank , First Community Bank , Habil Olaka , KBA , Lamin Manjang , lay off 300 employees , restructuring , shared services centre , Sidian Bank , Stanchart , Standard Chartered Bank Kenya

KBA expects pressure to drive more banks into restructuring

By Patrick Igunza,

The banking sector is set for a round of layoffs, as lenders opt for technology to drive growth. The Kenya Bankers Association (KBA) said pressure ...

Bank restructing , equity bank , Family bank , Habil Olaka , KBA , KBA CEO , Kenya Bankers Association , layoff employees , lower cost of services , pressure mounting on banks , Sidian Bank

Govt. mulls plans to merge Youth, Women, Uwezo funds

By Sophie Kinoti,

The government has renewed plans to merge state managed funds in an effort of making lending more affordable. The move will see the Uwezo, Youth En...

access to credit , cap interest rates , government , John Gachora , Julius Korir , Kenya National Bureau of Statistics , NIC bank , private equity funds , smes , Uwezo Fund , Women Enerprise Fund , Youth Enterprise Development Fund

Will law capping interest rates really protect the borrower?

By Wangui Ngechu,

In March 2016, Parliamentarians embarked on an a rather imperative plan to cap the skyrocketing interest rates on loans through what came to be the fa...

Banking (Amendment) Bill 2015 , borrower? , capping , CBK , Federation of Kenya Employers , FKE , Habil Olaka , Interest Rates , Law , President Uhuru Kenyatta , really protect , the Chief Executive Officer Kenya Bankers Association , wangui Ngechu