How to Secure a Loan with the iPesa Loan App
iPesa is a mobile loan app designed to provide quick and convenient access to financial assistance for individuals in Kenya. With over 1 million downloads and a 4.5 out of 5-star rating, the iPesa loan app offers a streamlined solution for those facing unexpected expenses or in need of short-term financial support. iPesa Loan Details […]
Equity Group and Zepz Extend Partnership to Enhance Cross-Border Money Transfers
Equity Group and Zepz, the powerhouse behind leading global remittance brands WorldRemit and Sendwave, have announced the renewal of their longstanding partnership. This agreement reaffirms their commitment to providing Equity Group members in Kenya, Tanzania, Uganda, and soon the Democratic Republic of Congo (DRC), Rwanda, and South Sudan with secure, convenient, and affordable ways to […]
Kenyan Banks Serve 39 Million Customers, New Survey Finds
The number of customers served by Kenyan banks has hit 39 million, according to the 2024 Kenya Banking Industry customer experience survey. The research was conducted in the three major cities in Kenya, Nairobi (41%), Mombasa (34%) and Kisumu (25%), to obtain nuanced information on customer experience across the country. The survey included 661 respondents […]
UBA Joins Forces with AfCFTA to Support SMEs
The United Bank of Africa (UBA) has partnered with the African Continental Free Trade Area (AfCFTA) to offer up to Ksh 20,000,000 in financing for Small and Medium-sized Enterprises (SMEs) across all 20 African countries that UBA bank operates in. This partnership targets Africa-based registered SMEs in sectors including agro-processing, transport and logistics, pharmaceuticals and automotive. […]
Kingdom Bank Opens 22nd Branch in Meru
Kingdom Bank, a subsidiary of the Co-operative Bank of Kenya, has opened its 22nd branch in Meru County, aiming to serve the region’s agricultural community and small-to-medium enterprises (SMEs). This addition also comes as part of the bank’s ongoing expansion strategy for 2024, with Meru being the third new location opened this year. The focus […]
Faulu Secures Ksh 900M for Digital MSME Banking Solutions
Faulu Microfinance Bank has announced a strategic refocus aimed at bolstering its digital banking capabilities and optimizing its operational structure to foster sustainable growth. Supported by a significant investment of over Ksh 900 million from its parent company, Old Mutual, Faulu is poised to enhance its digital finance offerings and streamline its distribution channels. CEO […]
Stanbic Bank Affirms Support for SMEs at Changamka Shopping Festival
Stanbic Bank has reiterated its dedication to fostering SME growth and capacity building through innovative, tailored, and pertinent solutions. This declaration was made during the Kenya Annual Manufacturing Summit & Expo, also known as the Changamka Shopping Festival, organized in collaboration with the Ministry of Investments, Trade, and Industry. Highlighting the festival’s theme, “Celebrating Kenya’s […]
KCB Reaches Agreement with Competition Authority Over Misleading Credit Card Advertisement
The Competition Authority of Kenya (CAK) has reached a settlement with KCB Bank Kenya following a complaint lodged by a customer who was misled by the bank’s credit card advertisement. The issue stemmed from a discrepancy between the advertised benefits and the actual terms of the KCB Platinum Credit Card. According to a CAK report, […]
NCBA Group Secures 100% Ownership of AIG Kenya Insurance Company
NCBA Group has announced the completion of its 100% acquisition of AIG Kenya Insurance Company Limited (AIG Kenya), after purchasing the additional 66.67 percent stake from American International Group (AIG). NCBA had held a minority stake in AIG Kenya for over 18 years, with a 33.33 percent stake at the end of December 2022. John […]
A Guide to the KCB M-PESA Loan
The KCB M-PESA loan is a convenient and accessible loan product offered by KCB Bank specifically for Safaricom M-PESA customers. It provides a quick and easy way to meet unexpected financial needs or seize opportunities that require immediate funds. Eligibility and Requirements To be eligible for the KCB M-PESA loan, you simply need to be […]