Kenya
Kenya: More Kenyan borrowers are defaulting on loans, signaling a looming mass collateral seizures
As of April 2022, loan defaults in Kenya had risen to a one-year-high, with the ratio of non-performing loans jumping to 14.1% according ...
Kenya
Kenya: KCB Named Best Bank in Kenya for Sustainable Finance
KCB Bank has been named as the ‘Best Bank in Sustainable Finance in Kenya 2022’ in recognition for its efforts in creating a ...
Kenya
Kenya: Technology Can Accelerate Financial Inclusion for PWDs – Study
Innovative technology solutions have the potential to address the financial needs of people living with disabilities(PWDs) across the Middle East and Africa, according ...
Innovation
Kenya: Vertiv Signs Channel Distribution Agreement with Tech First Gulf (TFG) Covering East Africa
Vertiv will enhance TFG’s existing portfolio with its cost-efficient, high-performance power and infrastructure support solutions for edge applications Vertiv (www.Vertiv.com/en-EMEA) (NYSE: VRT), a ...
Kenya
Kenya: Korean firm to implement Nairobi smart transport system
The Kenya Urban Roads Authority (KURA) has partnered Korean consortium Cheil Engineering Company Limited for the design and rollout of the Sh6.5 billion ...
Kenya
Kenya: CBK Raises Base Lending Rate to 7.5%, Cites Elevated Risks to Inflation Outlook
The Central Bank of Kenya (CBK) has raised the base lending rate to 7.50 per cent citing elevated inflation risks due to increased ...
Kenya
Kenya: Faulu Bank Launches New Contactless Cards With 3D Security Features
Faulu Microfinance bank has launched its new contactless card which now allows its users to tap and pay on the go. The card ...
Kenya
Kenya launches Africa’s first ICT standard for persons with disabilities
The Kenya Bureau of Standards (KEBS) in partnership with inABLE, has launched the first-ever Kenya Standards Accessibility-ICT products and services for persons with disabilities. According to ...
Kenya
Kenya: Kenswitch and Absa Customers in Kenya to Use ATMs Interchangeably
Kenswitch and Absa have announced a partnership that will see the two financial service companies’ customers access services interchangeably. The two partners say ...
Kenya
Kenya: Equity Introduces Chat Banking On Whatsapp, Facebook and Telegram
Equity has introduced its Equity Virtual Assistant (EVA), the Bank’s chat banking platform on social media platforms including WhatsApp, Facebook Messenger, and Telegram. ...
