Kenyans’ use of mobile money jumps 20% in 2021
KENYA – Kenyans made 1.9 trillion mobile money transactions in the first 11 months of 2021,...
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Tag: Central Bank of Kenya
E-payments firm PesaPal gets regulatory approval in Kenya and Tanzania
KENYA – Pesapal, an electronic payments company, has been accredited by the Central Bank of Kenya...
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Egypt’s Banque Misr seeks nod enter the Kenyan market
KENYA – Banque Misr, Egypt’s second-largest bank, says it has formally applied for a Central Bank...
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Kenya’s diaspora remittances hit a high of US$315m in May 2021
KENYA – Kenyans in foreign countries sent home a monthly record US$315.8 million in May...
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Djibouti’s Salaam African Bank acquires Kenya’s Uwezo Microfinance
KENYA – Djibouti lender Salaam African Bank (SAB), has acquired a 100 percent stake in...
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I&M Holdings completes acquisition of Ugandan lender Orient Bank
UGANDA – I&M Holdings Plc. has completed the acquisition of 90 percent shareholding...
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Kenya seeks another debt service suspension to June 2022
KENYA – The government of Kenya has sought the Debt Service Suspension Initiative...
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Guaranty Trust Bank eyes Kenyan financial institution
KENYA – Nigerian multinational financial institution GTBank, has revealed plans...
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Kenya’s Housing Finance joins international money transfer business
KENYA – Housing Finance Company of Kenya (HF) has partnered with digital payments firm...
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Diamond Trust Bank (K) to shut six branches by end of October 2021
KENYA – Nairobi Securities Exchange listed lender Diamond Trust Bank (DTB) is expected to shut six...
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Motor dealer Car & General ups its stake in microlender Watu Credit to 29%
KENYA – Automotive and engineering products dealer Car &General (C&G) has invested an...
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Kenya in first recession since 2000 as Covid-19 ravages the economy
KENYA – Kenya slid into a recession for the first time in two decades in the third quarter...
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