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Banking

Billionaire Baloobhai Patel Deepens Bank Holdings with Sh626 Million Absa Stake

Billionaire Baloobhai Patel Deepens Bank Holdings with Sh626 Million Absa Stake

Veteran Kenyan investor Baloobhai Patel has cemented his status as a major force on the Nairobi Securities Exchange (NSE) with his latest strategic move: the purchase of Absa Bank Kenya …

CBK REVEALS BANKS WITH CHEAPEST AND MOST EXPENSIVE LOANS

CBK REVEALS BANKS WITH CHEAPEST AND MOST EXPENSIVE LOANS

The Central Bank of Kenya (CBK) has released fresh data showing wide disparities in lending rates among commercial banks, with Citibank and Standard Chartered emerging as the most affordable lenders …

11 BANKS RISK LOSING LICENSES AS CBK ISSUES WARNING

11 BANKS RISK LOSING LICENSES AS CBK ISSUES WARNING

The Central Bank of Kenya (CBK) has warned that 11 commercial banks could lose their licenses if they fail to raise a combined KSh15 billion in core capital by December …

CBK PROPOSES NEW RULES FOR DIGITAL LENDERS, SEEKS PUBLIC FEEDBACK

CBK PROPOSES NEW RULES FOR DIGITAL LENDERS, SEEKS PUBLIC FEEDBACK

The Central Bank of Kenya (CBK) has proposed new regulations aimed at tightening oversight of digital lenders and enhancing consumer protection in the fast-growing digital credit market. The draft Non‑Deposit …

Latest Articles

  • WHY KENYAN BANKS ARE WORRIED ABOUT HAWALA SYSTEM
    WHY KENYAN BANKS ARE WORRIED ABOUT HAWALA SYSTEM

    Kenyan banks and financial regulators have raised concerns over the growing use of Hawala, an informal money transfer system that operates outside the traditional banking framework. Authorities fear the system …

  • Bank Sues CS Joho Over Loan Default
    Bank Sues CS Joho Over Loan Default

    A Kenyan bank has taken legal action against Mining Cabinet Secretary Hassan Joho in an effort to recover a substantial loan. While the exact amount owed remains undisclosed, sources indicate …