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Banking

How digitisation is changing financial sector

Several key trends are driving the evolution of the financial services sector.

By Phyllis Migwi 1 month ago

How digitisation is changing financial sector

Court throws out case against CBK over global banking platform

Court throws out case against CBK over global banking platform

By Kamau Muthoni 1 month ago

Purposeful and sustainable financing are key to achieving 'the Africa we want'

Purposeful and sustainable financing are key to achieving 'the Africa we want'

By Faizal Bhana 1 month ago

From matatu driver to corporate dealmaker

From matatu driver to corporate dealmaker

By Annie Awuor 1 month ago

How digital technology helps in financial inclusion

Financial inclusion is a priority for many nations in Africa, and there have been strides made in recent times to provide financial services to a large number of unbanked and underbanked individuals.

By Sara Okuoro 1 month ago

How digital technology helps in financial inclusion

Why depositors overran First Community's banking halls

Management pleaded for calm, as they work with CBK to find a lasting solution. The banking system is built in such a way that should a bank run out of cash, there are multiple places to tap into.

By Dominic Omondi 1 month ago

Why depositors overran First Community's banking halls

Co-op Bank half-year profit hits Sh11.5b on increased revenue

Co-op Bank records a half-year 2022 profit before tax of Sh15.3 billion, a strong 45 per cent rise on the back of a surge in fee income and control of costs.

By Dominic Omondi 3 months ago

Co-op Bank half-year profit hits Sh11.5b on increased revenue

Auction fears as bank borrowers default Sh88b in six months

Borrowers have hit banks with additional Sh87.6 billion in loan defaults in the first six months of the year, pointing to a cash crunch that could set up thousands of debtors for property seizures.

By Patrick Alushula 3 months ago

Auction fears as bank borrowers default Sh88b in six months

M-Pesa viewed more positively than banks on social media

While the service has grown to become a darling among many Kenyans due to its convenience, the report also lists some aspects of the business that Kenyans do not regard highly.

By Graham Kajilwa 3 months ago

M-Pesa viewed more positively than banks on social media

Equity takes lead in delivering convenience, accessibility with enhanced digital banking solutions

Equity’s newly updated USSD service (*247#) accessible by dialling *247# on any mobile network also offers customers a unified service offering across mobile networks.

By Equity Bank 5 months ago

Equity takes lead in delivering convenience, accessibility with enhanced digital banking solutions

Sh695b of bank funds at risk as global benchmark rate ends

Banks are undertaking measures for a smooth transition to the new rates including reviewing legal loan contracts.

By Dominic Omondi 6 months ago

Sh695b of bank funds at risk as global benchmark rate ends

Nine banks on the spot over running afoul of Central Bank rules

This was a decline compared to 13 banks that were in violation of the Banking Act and Central Bank of Kenya (CBK) Prudential Guidelines in the year ending December 31, 2020.

By Dominic Omondi 6 months ago

Nine banks on the spot over running afoul of Central Bank rules

Climate crisis fuels banks' resolve for greater resilience

Globally, the unmatched existential threat of the climate crisis is a major concern to governments and players in the financial services sector.

By Habil Olaka 6 months ago

Climate crisis fuels banks' resolve for greater resilience

Consolidation boosting banking sector's operational resilience

During my recent visit to Rwanda it became clear that African banks must play a leading role in making societies resilient and more responsive to the needs of the public.

By Joshua Oigara 6 months ago

Consolidation boosting banking sector's operational resilience

Once ailing banks get new lease of life from the industry's 'big boys'

Lenders, including Jamii Bora Bank, National Bank of Kenya (NBK), Transnational Bank (now Access Bank) and Mayfair Bank, which were struggling to keep their heads above the water.

By Patrick Alushula 6 months ago

Once ailing banks get new lease of life from the industry's 'big boys'

Muslims owe Kibaki a debt of gratitude for embracing Islamic banking

Why do Muslims need an Islamic Bank? What’s wrong with the current conventional banks? I explained the Islamic prohibition on interest.

By Suleiman Shahbal 7 months ago

Muslims owe Kibaki a debt of gratitude for embracing Islamic banking

Banking, a sector swift to jump out of crisis

Profits grew to a record high only a year after the Covid-19 pandemic shut down economic activities.

By Patrick Alushula 9 months ago

Banking, a sector swift to jump out of crisis

Africa’s mobile money boom

Kenya, one of the global leaders in the adoption of mobile money, hit a record-breaking high between January and November 2021.

By Sara Okuoro 10 months ago

Africa’s mobile money boom

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