Browsing: Kenya

The Central Bank of Kenya (CBK) tasked the Kenya Deposit Insurance Corporation with liquidating the Charterhouse Bank (CHB), 15 years…

Allianz is now the majority shareholder of Jubilee General Insurance Limited in Kenya following the acquisition of a 66% stake…

Kenyan insurer Britam Holdings has decided to make further acquisitions in Africa as part of its growth strategy, internal sources…

Insurance group Britam Holdings is set to lay off at least 130 employees, mainly in its operations in Kenya. This…

Bolloré Transport & Logistics has been recertified as a Regional Authorized Economic Operator (AEO) in East Africa. The certification, which…

Insurance group Britam Holdings has appointed Mohamed Said Karama as interim Chairman of the Board of Directors (PCA) to replace…

Shaken by the effects of the Coronavirus, the profits before taxes (BAI) of Kenyan banks fell drastically over the 11…

Shaken by the coronavirus crisis, the Kenyan insurance sector performed poorly in the second quarter of 2020. According to the…

After the acquisition of the Commercial Bank of Congo (BCDC), the banking group Equity Bank saw its total balance sheet…

The Kenyan banking group, KCB GROUP PLC, has signed an agreement with the financial services company Atlas Mara Limited, listed…

Access Bank Kenya Plc, a subsidiary of the Nigerian group Access Bank, officially launched its activities in Kenya on Monday,…

In Kenya, economic activity fell 5.7% in the second quarter of 2020 year-on-year, according to a report from the Kenya…

By George Orido  Kenya failed in the first round battle for the non-permanen UN Security Council seat after she garnered…

By George  Orido  Kenya’s Treasury Minister Ukur Yatani has presented a USD 32 Billion amidst a depressed economy occasioned by…

The government of Kenya through Konza Technopolis Development Authority (KoTDA), has partnered with the Association of Countrywide Innovation Hubs, private…

Africa50 and Power Grid Corporation of India Limited (POWERGRID) signed a Cooperation Agreement to partner towards the development, finance, construction…

The African continent is the last economic frontier where inflation reigns without debate. Central banks in Morocco, Algeria, the CFA…

Insurance companies in Kenya saw their profits plummet to less than 61.5% in 2018 to reach $ 33 million, marking…

Prime Bank, Bank of Kenya reported net profit of 1.25 billion shillings (approximately $ 12.5 million) in the first half…

Kenya’s Ministry of Finance has cleared the National Industrial Credit Bank (NIC) and the Commercial Bank of Africa Limited (CBA)…

Investment bank Sterling Capital, based in Kenya, announces the acquisition of a 20% stake in private equity firm Afvest. The…

After a loan of $ 750 million received last week from the World Bank, Kenya is already planning to apply…

Cameroon’s Minister of Mines, Industry and Technological Development, Mr. Gabriel Dodo Ndoke has solicited the support of the Subregional Office…

The KCB Group, a banking leader in Kenya, plans to acquire a bank in Rwanda and another in the Democratic…

Officials of Credit Bank Ltd officially inaugurated this Friday, April 5, a new agency in Eldoret, a city located in…

Equity Bank, a Kenyan banking group, announced Tuesday, March 26, a pre-tax profit of 28.5 billion shillings, the equivalent of…

Faced with the press on March 6, 2019 in Nairobi, Joshua Oigara, the president of the Kenyan Bankers Association (KBA)…

Immediately following the tragic accident, Kenya’s Transport Minister James Macharia and Kenya Airport Authority (KAA) General Manager Jonny Andersen held…

Following nine months of negotiations, the Kenyan bank Sidian Bank has signed a capital injection of 1.2 billion Shillings (about…

The International Finance Corporation (IFC), a subsidiary of the World Bank Group, will provide $ 6 million in funding for…