Peter Munga Reclaims His Seat at Equity Group with Sh166 Million Share Purchase
Billionaire businessman Peter Munga has made a return to Equity Group Holdings by acquiring an additional 3.64 million shares worth approximately Sh 166.2 million in the first quarter of 2025. This buyout increased Munga’s stake from 0.25% to 0.35%, elevating his total shareholding in Equity bank to 13.21 million shares, now valued at roughly Sh […]
CBK Proposes Using CBR to Set Credit Prices Across All Banks
The Central Bank of Kenya (CBK) has proposed an overhaul of the country’s credit pricing framework, recommending that all banks base their lending rates on the Central Bank Rate (CBR). This will potentially bring an end to the Risk-Based Credit Pricing Model (RBCPM), which has faced serious implementation hurdles since its adoption in 2019. Why […]
How Absa Bank is Empowering Women Through the Sourcing2Equal Kenya Program
Absa Bank Kenya is taking huge steps in promoting inclusivity in its supply chain, and the world is taking notice. The bank was recently recognized by the International Finance Corporation (IFC) for its role in advancing inclusive sourcing practices through the Sourcing2Equal Kenya Program, a three-year initiative aimed at connecting more women-owned businesses to corporate […]
How Fintech is Changing Banking for Entrepreneurs in Kenya
Fintech is revolutionizing banking in Kenya, offering transformative solutions that are unlocking new opportunities for entrepreneurs. From mobile money innovations to advanced lending platforms, fintech is bridging financial gaps, simplifying transactions, and empowering business owners across the country, especially those in underserved and informal sectors. Breaking Barriers to Financial Inclusion The fintech revolution began with […]
Dr. James Mwangi Receives Honour of The Freedom of The City of London Award
Dr. James Mwangi, the long-serving CEO and Managing Director of Equity Group Holdings, has joined an elite circle of global leaders after being awarded the Freedom of the City of London, one of the oldest and most revered civic honours in the world. The award, which dates back to the 13th century, recognises individuals who […]
Equity Bank and UTAB Partner to Boost Financial Literacy Among Rwandan Students
Equity Bank Rwanda has signed a Memorandum of Understanding (MoU) with the University of Technology and Arts of Byumba (UTAB) to enhance financial literacy, entrepreneurship, and career development for university students. The partnership, announced today, is set to provide students with the practical skills they need to succeed in the professional world and contribute to […]
CBN Conditions Delay Access Bank’s Takeover of National Bank of Kenya
The planned acquisition of the National Bank of Kenya (NBK) by Nigeria’s Access Bank has encountered a major delay due to regulatory conditions imposed by the Central Bank of Nigeria (CBN). Despite receiving all necessary approvals from Kenyan authorities, the deal remains incomplete as Nigerian regulators have yet to issue final clearance. The Central Bank […]
SBM Bank Kenya Launches Smart Biz Lab Program to Empower Over 500 Women Entrepreneurs
SBM Bank Kenya has officially launched the Smart Biz Lab Program, a transformative initiative designed to empower over 500 women entrepreneurs across the country. Developed in partnership with Tactive Consulting, the program aims to provide immersive training and coaching sessions focused on financial literacy, business acumen, and management skills. The initiative is part of SBM’s […]
Banks Face Daily Fines from June for Failing to Lower Lending Rates, CBK Says
The Central Bank of Kenya (CBK) has announced it will begin imposing daily fines on commercial banks that fail to reduce their lending rates in line with the Central Bank Rate (CBR), effective June 2025. This comes as the regulator pushes to strengthen the transmission of monetary policy and ensure that borrowers benefit from the […]
CBK Reduces Base Lending Rate to 10%
The Central Bank of Kenya (CBK) has cut its base lending rate to 10%, marking a 75 basis point drop from the previous 10.75%. The decision, announced following a meeting of the Monetary Policy Committee (MPC), is aimed at boosting credit to the private sector and giving the economy a much-needed lift. The rate cut […]