UBA Eyes Riyadh in Global Push Beyond Africa’s Borders
United Bank for Africa (UBA) has announced plans to open an office in Riyadh, Saudi Arabia, as part of its ongoing global expansion beyond Africa. The development was confirmed during a mid-year strategy session held in Lagos, where Group Chief Executive Oliver Alawuba addressed executives from the bank’s 24 operating jurisdictions. Alawuba said the expansion […]
Kenyan Bank Loses Sh517 Million in IT Breach, Funds Laundered via Cryptocurrency
A Kenyan bank lost Sh517 million ($4 million) after its IT systems were compromised by contractors who downgraded its card security configuration, enabling unauthorized wallet creation and subsequent laundering of the stolen funds through cryptocurrency. According to a new report by the Financial Reporting Centre (FRC), the incident ranks among the rising cases of bank […]
Africa’s property management evolution: How security technology is enhancing safety, efficiency
With Africa’s property market projected to grow at an annual rate of 5.58% from 2025 to 2029, reaching US$21.92 trillion by 2029, according to Statista, largely driven by investor confidence and mega public sector initiative, one key factor stands out – security. Location and pricing, notwithstanding, the security infrastructure of the property plays a crucial […]
Access Bank and NOVARE Integrate Payments, Lending, and Insurance Into Malls
Access Bank has partnered with NOVARE Real Estate Africa to launch a digital-first ecosystem across major malls in sub-Saharan Africa, embedding financial services directly into the retail experience. Through the NOVARE mobile app, customers can make payments, apply for microloans, purchase insurance, and access loyalty programs, whether shopping online or in-store. The platform aims to […]
Why South Africa’s Biggest Banks Are Shutting Down ATMs
South Africa’s largest commercial banks, Standard Bank, First National Bank (FNB), Absa, and Nedbank, are reducing the number of Automated Teller Machines (ATMs) in operation, citing declining usage, high maintenance costs, fraud risks, and a shift toward digital banking. Between 2019 and 2024, South Africa’s total ATM network declined from 33,171 to 28,967 units, a […]
Why Dubai And Why Now? What Equity Bank Is Hoping to Unlock
Equity Bank Group is opening a Representative Office in Dubai, becoming the first Kenyan lender to establish a presence in the Middle East. The office will serve as a non-banking unit focused on investment facilitation, trade support, diaspora engagement, and capital sourcing between East and Central Africa and key markets in the Gulf, India, and […]
Is Loan Shaming Back for Borrowers?
The resurgence of loan shaming in Kenya is raising alarm, just three years after the government introduced regulations to eliminate aggressive and unethical debt collection practices by digital lenders. Recent complaints suggest that some firms are again defying rules set by the Central Bank of Kenya (CBK) and the Office of the Data Protection Commissioner […]
What You Need to Know Before Joining a CIS in Kenya
A Collective Investment Scheme (CIS) is one of the most accessible ways for Kenyans to begin investing, especially for those looking to grow their money through professional fund management. If you’re wondering how to join a Collective Investment Scheme in Kenya, what the minimum investment is, or which type of fund suits your financial goals, […]
What Does Paul Russo Bring to the Kenya Bankers Association?
Paul Russo, Group CEO of KCB Bank, has been elected as the new chairperson of the Kenya Bankers Association (KBA), succeeding NCBA Group’s John Gachora. His appointment comes at a time when Kenya’s banking sector is navigating post-pandemic recovery, digital disruption, and regulatory reforms. With more than two decades of experience, Russo is expected to […]
Genetec Hosts First East Africa Security Symposium to Drive Adoption of Unified Threat Management Solutions
Genetec Inc. (“Genetec”), the global leader in enterprise physical security software, hosted its inaugural security symposium as part of its regional strategy to consolidate its partners’ network and streamline access to unified, intelligent, and sector-specific security solutions across East Africa. Held in Nairobi, the exclusive forum brought together key channel partners from Africa to explore […]