Sidian Bank Expands Presence in Mombasa by Opening Nyali Branch
Sidian Bank has broadened its scope in Mombasa by inaugurating its Nyali branch. This strategic move highlights the bank’s commitment to fortifying support for the local business community along the coast and providing specialized financial solutions to Small and Medium Enterprises (SMEs) in Nyali and adjacent areas. The commencement of operations at the Nyali branch, […]
What Absa’s decision to set office in china means for Africa
Absa Group has expanded its financial footprint into the People’s Republic of China, signaling a strategic move that underscores the bank’s commitment to global growth and the facilitation of economic ties between Africa and China. “We’re thrilled to add our office in China to our global footprint”, commented Arrie Rautenbach, Group CEO of Absa Group. “Today’s […]
Ms. Mary Mulili Takes the Helm as MD/CEO at UBA Kenya
UBA Kenya has announced the appointment of Ms. Mary Mulili as its new Managing Director and Chief Executive Officer on January 31, 2024. This marks a historic moment in the bank’s 15-year history as Ms. Mulili becomes the first woman to assume this position. The declaration of Ms. Mary Mulili’s appointment as the new MD/CEO […]
Unraveling the Sh100 Billion Pension Fund Partnership with NCBA, Co-op, and Stanbic Bank
NCBA Group Plc, Cooperative Bank (Co-op), and Stanbic Bank have successfully clinched a collaborative deal to collectively oversee a substantial Sh100 billion in pension contributions for the Public Service Superannuation Scheme (PSSS). The PSSS, instituted in 2012 as part of governmental reforms in the Public Service Pensions sector, has experienced a remarkable surge in contributions, […]
Sidian Bank’s Next Chapter: Relocating to MKU Towers in Nairobi CBD
Sidian Bank has announced the relocation of its Moi Avenue branch in Nairobi CBD from Guilders Building to MKU Towers on January 29, 2024. This relocation is not merely a change in address; it signifies a pivotal step for sidian bank kenya, strategically positioning itself for expansion and increased accessibility. The move aligns with sidian […]
Equity Bank’s Boostika Mobile Overdraft Hits The Market To Rival Fuliza
Equity Bank has introduced Boostika, a groundbreaking real-time overdraft facility aimed at providing customers with short-term credit ranging from Sh100 to Sh100,000. This strategic initiative is part of the bank’s broader commitment to delivering innovative solutions, catering to the evolving financial needs of its clientele. Designed to address the challenges posed by insufficient funds, Boostika […]
From a Ksh2.3B Loss to Ksh22.6B Triumph: Gideon Muriuki’sTransformational Leadership at Co-op Bank
In the financial narrative depicting the transformational journey of The Co-operative Bank of Kenya Group, a captivating story unfolds, revealing a remarkable shift from adversity to triumph. Despite facing a challenging landscape, the bank reported a noteworthy profit of Ksh16.4 billion in the first half of the year 2023. However, this apparent success was tempered […]
KCB Bank Marks 127 Years of Banking Excellence: A Journey Through Time
Founded in 1896, Kenya Commercial Bank (KCB) has marked 127 years of banking excellence, evolving from a small savings and loans institution into East Africa’s largest commercial bank. KCB’s rich history encompasses regional expansion, technological advancements, and a commitment to financial inclusion, solidifying its pivotal role in the region’s economic development. Celebrating a legacy marked […]
Leadership Shifts: Reflecting on Rebecca Mbithi’s Impact as CEO of Family Bank
Rebecca Mbithi, the Chief Executive Officer of Family Bank, has concluded her five-year term in leadership. The medium-sized lender, in a statement to newsrooms, announced her departure, citing her decision to pursue other personal interests. Having previously served as the company secretary and chief legal officer, Ms. Mbithi hands over the reins to Nancy Njau, […]
Nancy Njau Takes the Helm: Unveiling the Leadership Journey at Family Bank
Family Bank’s Board has announced the appointment of Nancy Njau as the new CEO, marking a significant milestone for the institution. Her appointment follows the departure of Rebecca Mbithi, who led the bank for five years. Nancy Njau will be the second female CEO, succeeding her predecessor, as the bank maintains a commitment to female […]