Kenya
Kenya: Equity closes deal to acquire teachers-owned Spire Bank
Equity Bank has concluded negotiations to buy Spire Bank, setting the stage for the signing of a deal that is expected to get ...
Kenya
Kenya: Jeremy Awori Leaves Absa Bank After Nearly 10 Years
Jeremy Awori, Absa Kenya’s long-serving CEO, is leaving the bank. On September 8, 2022, the Board of Absa Bank Kenya PLC announced that ...
Kenya
Kenya: Three sectors account for 54pc of Kenyan banks’ bad loans
Three sectors — trade, real estate and manufacturing — account for more than half (54 percent) of the Sh514 billion bad loans held ...
Kenya
Kenya: What regulated mobile digital lending market will look like
Players in the digital loans industry now have two weeks left to apply for licences as consumers move into a new era where ...
Kenya
Kenya: Kenya Power blocks banks, shops from selling tokens
Kenya Power has locked out banks and third-party vendors from selling tokens for pre-paid customers over increasing complaints on delays and cases of billing ...
Kenya
Kenya: DPO Group Receives License to Operate as a PSP in Kenya
DPO Group Kenya has received the official approval from the Central Bank of Kenya to operate as a Payment Service Provider (PSP) in ...
Kenya
Kenya: Most Kenyans Had Negative Digital Experience With Banks
Most Kenyans had a negative digital experience when interacting with banks driven largely by system outages or app downtime, a new report shows. ...
Kenya
Kenya: Kenyan Telcos to Refund Airtime incase of Network Outage
The Communications Authority of Kenya has announced that the telecommunication companies are to give credit rebates to their users incase of network outages. ...
Kenya
Kenya: Kenya Rolls Out Coding In Schools
President Uhuru Kenyatta presided over the countrywide roll-out of the coding curriculum in primary and secondary schools. Speaking during the occasion at State ...
Kenya
Kenya: Kenya’s FinAccess gets HAVAÍC backing to bolster financial inclusion drive
Kenya headquartered fintech company FinAccess, has received a US$500,000 investment from South African venture capital (VC) firm HAVAÍC, to bolster its financial inclusion ...