KCB Group Set to Establish Partnerships in Cross-Border Trade and Payments Efforts

KCB Group Set to Establish Partnerships in Cross-Border Trade and Payments Efforts

KCB Group is seeking to establish partnerships with other stakeholders to deepen investments in technology in an effort to drive payments and cross-border trade across East Africa and beyond. This was announced during a meeting between KCB Group CEO Paul Russo and East African Community (EAC) Secretary General Veronica M. Nduva, CBS, in Arusha, Tanzania. […]

Absa Kenya, VISA Launch First Metallic Infinite Card in Kenya

Absa Kenya, VISA Launch First Metallic Infinite Card in Kenya

Absa Bank Kenya has introduced the country’s first-ever metallic Infinite card in collaboration with Visa, designed for affluent clientele who value both luxury and convenience. The launch event took place at Nairobi National Park, setting the stage for a product aimed at redefining premium banking in Kenya. The occasion saw the participation of Absa Bank […]

Central Bank of Egypt Hosts First Egypt Fraud Combating Forum

Central Bank of Egypt Hosts First Egypt Fraud Combating Forum

The Central Bank of Egypt (CBE), in partnership with Visa, has hosted the inaugural edition of the “Egypt Fraud Combating Forum” in an effort to raise awareness among employees of Egyptian banks and financial institutions about the latest fraud trends affecting the financial sector. The event, which is the world’s first fraud-combating forum fully sponsored by […]

NCBA Will Support SACCOs in Cybersecurity Efforts – John Gachora

NCBA Will Support SACCOs in Cybersecurity Efforts - John Gachora

John Gachora has urged SACCOs to strengthen their cybersecurity efforts following recent cyberattacks on Kenyan financial institutions. Speaking at the NCBA Group’s Sacco Banking Cyber Security Conference held at the Serena Hotel in Nairobi, the NCBA managing director emphasized the importance of protecting SACCOs, given their critical role in the financial ecosystem. “Given the significant […]

Equity Group Unveils 2023 Sustainability Report

Equity Group Unveils 2023 Sustainability Report

Equity Group has unveiled its third annual sustainability report for the year 2023, themed “A sustainable world is a transformed Africa.” The theme emphasizes the crucial impact that global sustainability practices can have on transforming Africa, a challenge that Equity Group has committed to actively pursue. Speaking at the unveiling ceremony held today, Equity Group […]

DTB Group Records Ksh 4.34 bn in Profits in H1 2024

DTB Group Records Ksh 4.34 bn in Profits in H1 2024

DTB Group posted a net profit of Ksh 4.34 billion for H1 2024, marking an 8.55 percent addition from the Ksh 4 billion posted during the first six months of 2023. This growth was fueled by the group’s net earnings, which rose to Ksh 20.6 billion from Ksh 18.7 billion in 2023. The group’s net […]

Absa Bank Kenya Profits Rise to Ksh 10.7 billion in H1 2024

Absa Bank Kenya Profits Rise to Ksh 10.7 billion in H1 2024

Absa Bank Kenya posted Ksh 10.7 billion in profits after tax during H1 2024, reflecting a 28.9 percent increase compared to Ksh 8.3 billion in the same period of the previous year. This comes despite the difficult economic conditions experienced during the first half of 2024, which were characterized by a weakening shilling, nationwide floods, […]

I&M Group Records Ksh 6.1bn Profit for H1 2024

I&M Group Records Ksh 6.1bn Profit for H1 2024

I&M Group posted a profit after tax of Ksh 6.1 billion for the first six months of 2024, reflecting a 21.1% rise from the Ksh 5 billion recorded in the same period of 2023. “We are pleased to record an impressive growth of 21% in Profit before Tax in our first half of the year. Our […]

NCBA Profits Reach Ksh 9.8 bn in First Half of 2024

NCBA Profits Reach Ksh 9.8 bn in First Half of 2024

NCBA Group reported a post-tax profit of Ksh 9.8 billion for the first half of 2024, a 5.0 percent growth compared to the first six months of 2023. This performance was achieved despite a tough economic environment, characterized by nationwide floods, a weakening shilling, and protests led by the Gen Z. “We are pleased to […]