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Banking & Finance
NCBA Bancassurance Intermediary LTD Launches Innovative Digital Insurance Platform
NCBA Bancassurance Intermediary LTD, a subsidiary of NCBA Group, has launched a premier digital insurance portal that empowers customers to take control of their insurance needs. The self-service portal aims to simplify the Insurance…
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Ukulima Sacco Driving Kenya’s Informal Sector With Innovative Loan Products
By KJ Odongo
Ukulima Sacco has seen tremendous growth since rebranding last year in a bid to expand its market share within Kenya’s small and medium enterprises, a move aimed at growing and doubling its performance within the 2022 – 2026…
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KCB bank introduces tap to pay service for android users
KCB Bank in Kenya is aiming to capitalize on the growing trend of contactless payments by introducing its Tap To Pay service.
The bank has partnered with Visa and Thales to enable customers with Android handsets and Garmin wearables to…
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Equity Group Becomes Second Largest Bank in Rwanda through Cogebanque Merger
Equity Group Holdings Plc, a financial services group, has announced its intention to acquire Compagnie Générale de Banque (Cogebanque) PLC Ltd in Rwanda.
The acquisition will involve Equity Group paying a cash consideration of RWF 54.68…
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Lenders Partner To ‘Fund My Water’ In Six Counties
Six counties are set to access clean water through a Sh 330 million fund dubbed “Challenge Fund’ through a partnership with Aqua for All with Family Bank and Sidian Bank as the implementing partners.
The Challenge Fund adopts a …
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Ecobank Kenya launches new digital banking platform targeting Africa’s youth
Ecobank Kenya has announced the launch of the Fingo Africa digital banking app targeting young people in Kenya and across Africa.
The app was developed in collaboration between Fingo Africa, a Kenyan Fintech company, and Ecobank.…
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Family Bank Partners With Wylde International To Boost SME Growth
Family Bank and Wylde International have entered into a partnership that will see them collaborate to develop the Small and Medium Enterprises(SME) ecosystem through capacity-building trainings to help build resilient businesses.
The…
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Family Bank Acquires Kes 20 Million Guarantee Facility From FSD To Support The Dairy Sector
Family Bank has acquired a KES 20 million loan portfolio guarantee facility from the FSD to increase its loan book to dairy farmers, cooperatives, dairy companies and input suppliers.
The two-year agreement credit guarantee facility will…
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Standard Chartered unveils KES 60M (USD 490K) ‘Access to Finance Programme’
Standard Chartered Kenya in partnership with Somo has today unveiled an ‘Access to Finance Programme’ that will support disadvantaged women by giving them access to small ticket loans ranging from KES 250K to KES 2.5m at a low interest rate…
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Family Bank Reports Ksh. 3.7 Billion Profit Before Tax For The Year 2022
Family Bank Group has recorded a KES 3.7 billion Profit Before Tax for the full year ended 31 December 2022, a 12.2 % growth compared to KES 3.3 billion posted in 2021.
The revenue growth was catapulted by double-digit growth in revenues,…
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