Mary Wangari Wamae, Equity Group Executive Director, Retires
Equity Group Holdings board of directors have announced the retirement of Mrs. Mary Wangari Wamae, the executive director of the company. This marks the end of an illustrious two-decade career at Equity Group, where Wamae rose through the ranks to become a highly respected figure in the Kenyan banking industry. Mrs. Wamae’s journey with Equity […]
CBK Licenses 7 Additional Digital Credit Providers
The Central Bank of Kenya (CBK) has announced the licensing of seven additional Digital Credit Providers (DCPs). This brings the total number of CBK-approved digital lenders in Kenya to 58, following the licensing of 19 DCPs earlier in March 2024. Since March 2022, the CBK has received more than 550 applications and has been working […]
Equity, Absa Among Banks Expected to Pay Dividends this Week
Kenyan listed banks are gearing up to reward their shareholders handsomely, with a cumulative payout of Ksh 63.08 billion for the financial year 2023 expected by this coming Friday, the 28th. This exciting news follows a period of strong performances by the lenders, with most reporting significant growth in net profits. Equity Group Holdings, the […]
Sidian Bank, Oikocredit, and Aqua for All launch Ksh 1 Billion WASH Loan Facility For SMEs and Water Service Providers
Sidian Bank, Oikocredit, and Aqua for All have launched a blended finance program that will integrate climate action and gender inclusion in (Water, Sanitation, and Hygiene) WASH Financing. The initiative aims to leverage Ksh 1 billion in commercial financing initiatives towards WASH infrastructure projects. The program prioritizes WASH lending across various entities. Small-scale water service […]
Sanlam Kenya to Close Three Subsidiaries Due to Losses
Sanlam Kenya has announced its plans to close three of its subsidiaries – Sanlam Investments Ltd (asset management), ChemiCemi Mineral Water Company (bottled water), and Mae Properties (property). This decision comes amidst years of mounting losses and a decade-long drought of dividend payouts for shareholders. “Other wholly-owned subsidiaries are dormant and are in the process […]
Equity Bank Recognized as Africa’s Most Admired Financial Services Brand
Equity Bank has been recognized as the Africa most admired financial services brand according to the prestigious 2024 Brand Africa 100: Africa’s Best Brands report. This recognition signifies equity bank’s unwavering dedication to understanding the needs of its customers across East and Central Africa, consistently delivering exceptional financial solutions. The Brand Africa 100 report is […]
Family Bank New Chairman, Architect Francis Gitau, Passes Away in the USA
The Family Bank Board of Directors and Management have announced the passing of their newly appointed Chairman, Architect Francis Gitau Mungai, who passed away while receiving treatment in the United States of America. Arch. Gitau Mungai served on the Board of Family Bank Limited since 2016 and had been serving as Vice Chairman for the […]
Safaricom Partners with Pezesha to Launch “Mkopo wa Pochi” for Small Businesses
Safaricom has partnered with Pezesha, a digital lending platform, to launch Mkopo wa Pochi, a new financial product specifically designed to support small businesses in the country. This initiative marks an expansion of Safaricom’s existing loan portfolio, which already includes popular options like M-Shwari and Fuliza. Mkopo wa pochi is a loan product for pochi […]
Equity Bank Opens New Branches in Gikomba and North Horr
Equity Bank has launched two new branches, with its second branch in Gikomba Market and one in North Horr, Marsabit county, aiming to increase the availability of financial services for individuals and businesses in these areas. The new branch in Gikomba will provide needed convenience and accessibility for individuals and business owners. The branch will […]
A Comprehensive Guide to the National Bank of Kenya Loans
The National Bank of Kenya (NBK) offers a wide range of instant personal and business loans in Kenya without security deposit at best interest rates. Whether you’re looking to grow your business, invest in a project, or finally buy that dream car, NBK has a loan solution for you. Here are some of the popular […]