A Guide to the Equity Bank Salary Advance Loan
The Equity Bank Salary Advance is a financial solution tailored for salaried employees in Kenya. It provides quick access to funds to address urgent needs, with repayments conveniently spread over a period of up to 12 months. Here’s everything you need to know about salary-based loans in Kenya, focusing on Equity Bank Salary Advance loans. […]
Stanbic Bank Kenya Partners with Orion Innovation for Digital Transformation
Stanbic Bank Kenya has announced a significant partnership with Orion Innovation, a leading global firm in digital transformation and product development services, to upgrade their core banking system. This is in an effort to provide an unparalleled banking experience for Stanbic Bank’s valued clients. Upon completion, clients can expect a faster, simpler, and more robust […]
UBA Celebrates 75 Years of Banking Excellence
The United Bank for Africa (UBA) is celebrating 75 years of shaping the financial landscape across Africa and the world. The milestone was commemorated at a global press conference, highlighting UBA’s remarkable journey from its Nigerian roots to becoming a leading pan-African bank with a global presence. Oliver Alawuba, Group Managing Director/CEO, UBA Plc, addressed […]
Equity Bank Tanzania Launches Innovative Mwanamke Plus Program
Equity Bank Tanzania has unveiled Mwanawake Plus, a program poised to bridge the financial inclusion gap and equip Tanzanian women with the tools and resources they need to not only survive but thrive. Opening an Equity Bank Tanzania account is the first step to unlocking the numerous Mwanamke Plus benefits for women in Tanzania. Through […]
NMB Bank Tanzania Opens Doors to Stock Market Investments
NMB Bank Tanzania has embarked on a groundbreaking initiative, receiving approval to act as an agent for licensed stockbrokers at the Dar es Salaam Stock Exchange (DSE Tanzania). This is in an effort to expand financial inclusion and empower Tanzanians to actively participate in the capital markets. The journey commences with a formal partnership agreement […]
UBA Marks 75 Years of Excellence
United Bank for Africa (UBA) is commemorating its 75th anniversary, marking an extraordinary journey that began in 1949. The African banking giant has since evolved into a story of unwavering commitment to innovation, strategic expansion, and a deep-seated dedication to fostering economic prosperity across the continent. UBA’s roots can be traced back to British and […]
Leading Voices in African Banking at the Africa CEO Forum
The Africa CEO Forum, Africa’s largest annual private sector event, is underway in Kigali, Rwanda. Over 2,000 participants, including CEOs, government officials, and media representatives from across Africa and beyond, are convening to discuss critical issues and shape the continent’s future business landscape. The forum fosters public-private dialogue through B2G meetings, high-level sessions, and participation […]
Co-op Bank Q1 2024 Profit Climbs 10.6% to 9.01 Billion
Co-op Bank of Kenya kicked off the year on a high note, recording a 10.6% year-on-year increase in Profit before Tax for Q1 2024. The bank reported a profit of Ksh 9.01 billion, compared to Ksh 8.15 billion in Q1 2023. Profit after Tax also rose to Ksh 6.58 billion, up from Ksh 6.11 billion […]
CBK Moves to Regulate Hire Purchase Interest Rates
Kenyans purchasing goods on credit through hire purchase agreements can expect a significant change as the Central Bank of Kenya (CBK) prepares to regulate interest rates charged in these deals. This development stems from proposed amendments to the Movable Property Security Rights Act. If enacted, these changes would represent a major expansion of the CBK’s […]
CIC Insurance Group reports 817.6% increase in profit for FY’2023
CIC Insurance Group has staged a remarkable turnaround in FY’2023, with profits skyrocketing 817.6% to Kshs 1.44 billion from the Kshs 0.16 billion profit recorded in FY’2022. The substantial increase in profits, according to CIC Group Chief Executive Officer Patrick Nyaga, can be attributed to the enhanced performance in both insurance revenue and investment income […]