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Banking & Finance
Equity Bank, IFC launch $20M facility to support refugees
Equity Bank Kenya has launched a $20 million Risk Sharing Facility (RSF) in partnership with the International Finance Corporation (IFC) to improve financial inclusion in underserved regions, including refugee camps and host communities.…
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NCBA 2025 Golf Activities Tee Off with Extended Partnership on Professional Golf
By Shadrack NyakoeThe 2025 NCBA Golf activities were officially launched today at the Kenya Railway Golf Club marking the start of another thrilling golfing journey across East Africa Arica.The activities will include, the NCBA…
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HF Group Plc Celebrates Successful Rights Issue with Bell Ringing Ceremony
By Shadrack NyakoeHF Group Plc (NSE: HFCK), a listed local financial solutions provider, celebrated the successful conclusion of its Rights Issue with a Bell Ringing Ceremony held at the Nairobi Securities Exchange (NSE). The event,…
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Investor Confidence Soars as HF Group Plc Rights Issue Oversubscribed
By Shadrack NyakoeListed local financial solutions provider HF Group Plc (NSE: HFCK) has achieved an over subscription on its recently concluded Rights Issue, with a total subscription performance rate of 138.32%Robert Kibaara, the…
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Absa Bank Relocates Migori Branch for Enhanced Customer Access
By Antynet FordAbsa Bank has announced the moving and facelift of its Migori branch into a pristine, modern, and convenient space as part of the strategy to bring financial services closer to the people and businessesThis now moves…
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AfDB Partners with PMI to Strengthen Project Management Capacity for African Development
By Shadrack NyakoeThe African Development Bank (AfDB) has announced a strategic partnership with the Project Management Institute (PMI) to boost its internal capacity for effective project execution. The collaboration aims to train and…
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I&M bank announce a 0.5% interest rate reduction
By Antynet FordI&M Bank has announced a reduction of its Interest Rates by 0.5%, effective 23rd December 2024.This is in response to the Central Bank of Kenya’s (CBK) recent reduction of the Central Bank Rate.This move,…
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Family Bank Reports 8% Profit Growth in Q3 2024 Earnings
By Shadrack NyakoeFamily Bank Group’s Profit Before Tax for the nine months of 2024 grew by 8 per cent to KES 3.26 billion, up from KES 3.02 billion in the same period last year.This growth was driven by a significant increase in…
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Absa Bank Kenya Expands Reach with New Branch at Kamakis, Ruiru
By Shadrack NyakoeAbsa Bank Kenya, in its quest to extend reach, has opened a new branch in Kamakis, Kiambu County, strategically positioning itself to serve the banking needs of this emerging town and its surrounding communities.…
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I&M Group PLC Reports 24% Increase in Pre-Tax Profit for Q3 2024
By Shadrack Nyakoe I&M Group achieved strong operating revenues across all markets, with regional businesses contributing 28% of the Group's Profit before Tax. This growth was fuelled by substantial gains in operating income, driven…
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