DTB to close six branches by end of October 2021

By Kepha Muiruri,

Tier I lender Diamond Trust Bank (DTB) is expected to shut six branches by the end of October as part of efforts to consolidate its physical footprint...

DTB

Equity BCDC unveils new identity in DRC

By Citizen Reporter,

Equity Banque Commercial du Congo (Equity BCDC) has launched its new identity following the successful merger of Equity Bank Congo (EBC) and Banque Co...

Equity BCDC

CBK warns of a tougher and riskier economic outlook

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has warned of a much tougher and riskier economic forecast for the 2021 as the Kenyan economy wades uncertain waters. ...

Central Bank of Kenya (CBK) , Dr. Patrick Njoroge , Kenya's economy

CBK interventions lift digital banking

By Kepha Muiruri,

Interventions by the Central Bank of Kenya (CBK) to support cashless transactions under the cloud of the COVID-19 pandemic have served to lift digital...

Central Bank of Kenya (CBK) , Digital Banking , Kenya Bankers Association (KBA)

Banks put on the spot for mimicking ‘rogue’ digital lenders

By Kepha Muiruri,

Commercial banks have been put on the spot for resembling digital lenders by saddling Kenyans with exorbitant mobile loans. This is as the traditio...

Central Bank of Kenya (CBK) , fuliza , Kenya Bankers Association (KBA)

Investors in publicly listed firms at NSE set for barren dividends season

By Kepha Muiruri,

Investors in publicly listed firms at the Nairobi Securities Exchange (NSE) are set for barren dividends returns for the year as companies continue to...

dividends , nse , profits

Bank jobs on the line as COVID-19 wreaks havoc on industry

By Kepha Muiruri,

Bank jobs are now on the line as institutions in the industry trim costs to weather the economic impact resulting from the COVID-19 pandemic. Simil...

banks , Central Bank of Kenya (CBK) , non-performing loans

Prison Warder arrested in connection with Sim Swap fraud, 10,000 sim cards recovered

By George Juma,

A Prison Warder  based at the Prison Headquarters is among three arrested over the suspicion of irregular SIM swap and SIM Card registration. The ...

Mshwari and Fuliza lead as SMEs top loan providers

By Kepha Muiruri,

KCB and NCBA backed Mshwari and Fuliza have been established as the most accessed mobile credit providers by Kenya’s small and medium enterprises (S...

fuliza , mshwari , SMEs in Kenya , Viffa Consult

Equity Group half-year profit falls by 24pc from higher costs to cover loan defaults

By Citizen Reporter,

Equity Group Holdings PLC (EGH) has announced its half year results for the period ended June 30, 2020 reflecting a 24% decline in profitability. P...

Equity , half year profit , James Mwangi

CBK: Only one in 10 bank transactions is being done at a branch

By Kepha Muiruri,

Only one out of 10 bank transactions are being conducted at a physical branch pointing to the increased digitization of the banking process. Accord...

Central Bank of Kenya , COVID-19 , Kenya Bankers Association (KBA)

CBK extends free mobile money transactions below Ksh.1000 for the rest of 2020

By Kepha Muiruri,

Kenyans will continue enjoying free mobile money transactions below Ksh.1000 for the rest of the year. This follows the Central Bank of Kenya (CBK)...

Central Bank of Kenya (CBK) , coronavirus , mobile money

Kenyan banks forecast drop in new loans as Covid-19 pandemic impacts sector

By Kepha Muiruri,

Local banks expect new loan accounts to shrink significantly in 2020 as the industry prices in the impact of the Covid-19 pandemic. According to a ...

coronavirus , COVID-19 , KBA

What are the payment methods for Kenyan bettors?

By Citizen,

In recent times, the online betting scene in Kenya has witnessed a huge improvement. Since the number of betting firms continues to grow, existing boo...

PesaLink waives all transaction charges for the next 90 days

By Sponsored,

Integrated Payments Service Limited (IPSL) has announced that all PesaLink transactions will be free with immediate effect until June 30, 2020. Thi...

PesaLink

Equity Group posts Ksh.22.6 billion full year profit

By Kepha Muiruri,

Equity Group has posted a 14 per cent growth in profit after tax for the year ending December 2019 to Ksh.22.6 billion. The notable double digit gr...

Equity Group , James Mwangi

BWIRE: Digital solutions to tame covid-19

By Victor Bwire,

By Victor Bwire With the 3rd case of a positive case of coronavirus in Kenya announced by the President, and a raft of measures put in place to dea...

cornavirus , COVID-19

Absa Bank: Mobile banking app Timiza used by almost 5M customers

By Reuters,

Kenya’s Absa Bank has moved most of its customers onto its mobile banking platform, which it sees as a major driver for future growth, chief executi...

Absa

Absa eyes SMEs in strategy overhaul

By Kepha Muiruri,

Absa Bank Kenya, formerly Barclays, is set to cast its net wider to the expansive MSME sector as the lender overhauls its strategy following the round...

Absa Bank , barclays , SME

Avoid bank hassles, here’s how to pay your school fees easily

By Sponsored,

I went through primary, secondary and tertiary schooling during a ridiculously difficult period; in terms of how finances were handled. For starter...

back to school , Co-operative Bank , School fees