Genetec Report Highlights Growing Shift toward Unified Security Systems across Africa
Genetec Inc. (“Genetec”), the global leader in enterprise physical security software, has released new insights from its 2026 State of Physical Security survey, highlighting a growing shift across Africa toward modern, connected security infrastructure. Based on a global survey of more than 180 physical security professionals in the region, the findings point to rising demand […]
NCBA Group to Focus on Digitisation, AI and Regional Expansion to Scale Operations
NCBA Group says digitisation, artificial intelligence, and platform modernization will define its next growth phase as the lender enters its 2026-2030 strategic cycle dubbed the “Ubuntu Strategy.” The bank says changing customer behavior, rising cyber threats, evolving regulation, and growing demand for real-time payments are reshaping the financial services sector across East Africa. According to […]
NCBA Board Optimistic on the Nedbank Acquisition
The Board of NCBA Group PLC has expressed confidence in the proposed acquisition by Nedbank Group, describing the planned transaction as an opportunity to strengthen the lender’s long-term growth plans and regional expansion ambitions. Speaking at the NCBA Group PLC 66th Annual General Meeting (AGM), Group Chairman James Ndegwa said the Board views strategic partnerships […]
Ubuntu Tribe Expands Continental Footprint as Africa Accelerates Towards a New Era of Shared Ownership and Financial Infrastructure
As Africa enters a defining period of economic transformation, Ubuntu Tribe is emerging as one of the continent’s growing financial infrastructure players, positioning itself at the intersection of technology, ownership, capital access, and African economic integration. In recent weeks, Ubuntu Tribe executives participated in two of Africa’s most influential leadership gatherings: the Africa Future Forward […]
How the CBK Base Rate Works and Its Impact on Borrowers in Kenya
The Central Bank Rate (CBR) is the benchmark interest rate set by the Central Bank of Kenya (CBK). It currently stands at 8.75% and serves as the reference point for pricing loans across the banking sector. When the CBK adjusts this rate, it affects borrowing costs for households, businesses, and government borrowing conditions through commercial […]
Best Student Bank Accounts in Kenya
Opening a student bank account in Kenya in 2026 is no longer just about storing money. It has become a practical way for students to manage daily expenses, receive government support such as HELB loans, and build early financial history while studying. Most banks in Kenya now offer student-focused accounts with zero monthly maintenance fees, […]
Best Biashara Accounts by Banks in Kenya
Kenya’s business banking sector has evolved into a system built around mobile money integration, low-cost current account structures, and transaction-driven credit scoring. Most banks now design products for SME and MSME clients that reduce fixed fees while improving access to digital payments and working capital financing. This has made it easier for entrepreneurs to open […]
Ethiopia Central Bank Expands Bank Powers and Revises FX Rules in New Trade Finance Reforms
The National Bank of Ethiopia has introduced fresh amendments to its foreign exchange directive, expanding the role of commercial banks in trade finance and revising the structure of fees applied to Letters of Credit. The changes are part of ongoing reforms aimed at improving efficiency in the foreign exchange market, reducing transaction bottlenecks, and supporting […]
Highest Paid Bank CEOs in Nigeria
Nigeria ranks third among African countries with the highest paid bank CEOs, behind South Africa and Kenya. While executives in Nigerian banks report some of the highest pay in local currency terms, dollar conversion places them lower than peers in Johannesburg and Nairobi. Currency strength, banking group structures, and cross-border operations continue to shape executive […]
National Bank of Kenya Reports Strong Q1 2026 Financial Results with 275% ProfitGrowth
National Bank of Kenya (NBK) recorded KShs 1.03 billion in profit after tax for the first quarter ending March 31, 2026, representing a 275% growth compared to KShs 275.7 million recorded during a similar period last year, driven by net interest income and a substantial reduction in credit impairment charges. The Net interest income increased […]