Banking & Finance

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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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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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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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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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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By Antynet FordEquity Bank has announced the reduction in interest rates on all new and existing Kenya Shilling-denominated credit facilities.This follows the recent decision by the Central Bank of Kenya’s Monetary Policy Committee…
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By Antynet FordHigh yields from government bonds in Kenya were critical to Equity Bank Group's profitability in the first nine months, which increased to Sh41.9 billion.The second largest lender in East Africa in terms of assets…
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By Shadrack NyakoeAbsa Bank Kenya has today hosted 200 business leaders in Kisumu for a Business Club Forum as part of the Bank’s Western Kenya Caravan.The forum concluded the week’s activities across the region with other…
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By Antynet FordIn a bid to strengthen the role of Africa’s sub-sovereign governments in driving intra-African trade and investment, and the successful implementation of the African Continental Free Trade Area (AfCFTA), African…
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Absa Bank Kenya has partnered with the International Finance Corporation (IFC), a member of the World Bank Group, to provide training for over 600 suppliers in the past two years, preparing them to access corporate procurement…
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