Former CBK Executive Sailepu Montent Appointed J.P. Morgan Chase Country Manager
J.P. Morgan Chase N.A. Bank has appointed former CBK executive Sailepu Montent as its Country Manager, following the recent approval for the banking giant to operate in Kenya. The appointment was confirmed by the company in response to inquiries from Bloomberg. Sailepu Montent will be responsible for overseeing JP Morgan Chase Bank’s representative office in […]
Safaricom Expands M-Pesa Global Service to Ethiopia
Kenyans can now send money to Ethiopia through Safaricom’s M-Pesa platform following the telecommunications giant’s expansion of its M-Pesa Global service into the country. This move, which links Safaricom Kenya and its Ethiopian subsidiary, marks a significant step in increasing mobile money use and financial inclusion in the East African region. M-Pesa Global is a […]
3 Benefits of JP Morgan Chase Bank Presence in Kenya
The Central Bank of Kenya has authorized the establishment of a representative office for JPMorgan Chase N.A. in Nairobi, bringing an end to a 12 year wait due to a regulatory hitch that prevented its expansion to Kenya. The approval comes ahead of a planned visit to Kenya by JPMorgan CEO Jamie Dimon, who aims […]
Safaricom Partners with NBA Africa to Launch Youth Basketball Program in Kenya
Safaricom has joined forces with the National Basketball Association (NBA) Africa to launch a youth basketball development program aimed at empowering young Kenyans through sports. The partnership, facilitated through Safaricom’s M-PESA mobile money service, will provide opportunities for youth aged 16 and below to participate in regional and national Jr. NBA tournaments, NBA Fit & […]
CBK Cuts Benchmark Lending Rates
Charges on bank loans are set to drop after the Central Bank of Kenya reduced the benchmark lending rate from 12.75% to 12%. This decision, announced by the Monetary Policy Committee (MPC), marks the largest interest rate cut since the start of the COVID-19 pandemic in March 2020. The CBK’s rate cut was prompted by […]
UBA Strengthens Its Pan-African Presence through Financial Inclusion
United Bank for Africa (UBA) is reinforcing its commitment to supporting the continent’s economic growth through innovative financial solutions. The bank, with a legacy of 75 years, is aiming to bridge the gap between local economies and global markets with a focus on customer-driven services, connecting African economies with international financial hubs. As the only […]
How to Easily get a Loan with Zenka
The Zenka loan app is one of the most preferred loan apps in Kenya, offering new customers their first loan interest-free. When you borrow Ksh 1,000 as your first loan, you only need to repay Ksh 1,000. The app has also gained popularity due to its quick processing time, disbursing loans within minutes of approval. […]
How to Borrow Quickly with the Timiza Loan
The Timiza Loan app is one of the best and most sought after loan apps in Kenya, with over 1,000,000+ downloads since its launch in 2021. The loan app is easily available, only requiring an Android 6.0 and up to efficiently run. Timiza loans range from KSh 50 to KSh 1,000,000, with the credit score […]
Absa Kenya Foundation: Fostering Positive Change Through Four Pillars
The Absa Kenya Foundation will accelerate socio-economic impact through entrepreneurship, education and skills, natural resource management, and health and humanitarian relief. This was announced during the launch event held today, where the Cabinet Secretary for the Ministry of Environment, Climate Change and Forestry, Hon. Aden Duale, E.G.H., noted the importance of the Foundation’s four pillars. […]
How to Borrow with the MCo-op Cash Business Plus Loan
The MCo-op Cash Business Plus Loan is a loan of up to Ksh 1 million, payable in up to 6 months, available to Co-op customers who have an active Co-op Bank Business account for at least six months. The loan is suitable for individuals, registered partnerships, business enterprises, limited companies, and private schools. The MCo-op […]