Customers at a KCB branch in Nairobi/FILE KCB Group PLC plans to complete the merger with Banque Populaire du Rwanda Plc (BPR) in December and rebrand by January following the acquisition in August. In an exclusive interview with the Star, KCB Group Chief Finance Officer Lawrence Kimanthi termed the acquisition as strategic, adding that it […]
KCB Group CEO & MD, Joshua Oigara, KCB Group Chairman, Andrew Kairu (C) and KCB Group CFO, Lawrence Kimathi (R) during the bank’s half year results announcement at the Nairobi Serena Hotel on August 19, 2021. The lender’s half year profit doubled to Sh 15.3 billion from Sh 7.6 billion a year ago. PHOTO | […]
The National Bank of Kenya (NBK) has signed a pact to adhere to the United Nations Global Compact provisions, stamping its commitment to ethical and responsible business practices. With the signing, NBK has committed to upholding and protecting human rights, labour, environment and anti-corruption principles in the course of its business dealings. As a signatory […]
Dubuy , an e-commerce platform by UAE global logistics provider DP World, has entered Kenya with plans to launch the business-to-business (B2B) site in more countries across the continent in the coming months. This marks Dubuy’s third market in East Africa, coming months after setting up in Rwanda and unveiling plans to enter Ethiopia . […]
National Bank of Kenya (NBK) on Wednesday signed a partnership with Dubai-based logistics firm DP World to link local traders to the global market but mainly UAE and Asia. In the agreement, NBK will offer financial solutions to buyers and sellers from Kenya while providing an avenue for them to interact and network with other […]
The Central Bank of Kenya’s (CBK) lending to banks hit Sh55.47 billion in the financial year to June 2021. This points to the regulator’s increased intervention to rescue lenders from a liquidity crunch. The latest lending, under the liquidity support framework introduced five years ago, is 50 per cent higher than the Sh36.94 billion that […]
Equity Group #ticker:EQTY is open to repurchase a stake in mortgage lender HF Group, signalling a shift in its appetite to acquire rivals in the Kenyan market. Equity chief executive James Mwangi said the bank would review its interest in HF, seven years after selling its 24.7 percent stake to insurance group Britam. Britam plans […]
The National Bank of Kenya (NBK) in partnership with Aqua for All , a non-profit organization that provides grant money to scale and implement solutions that address drinking water, sanitation, and/or water management have launched a close to US$ 45.3M program to support water sanitation and hygiene services providers in Kenya. The program, which comprises […]
National Bank of Kenya managing director Paul Russo. DIANA NGILA | NMG It is now two years since Kenya Commercial Bank started executing the bail- out takeover of the National Bank of Kenya(NBK). I recently caught up with NBK managing director Paul Russo for insights into execution of successful bank turnarounds. We must not forget […]
KENYA: NBK finances water and sanitation service providers in Nairobi©Kenyan Ministry of Water, Sanitation and Irrigation A new financing program aims to support companies that provide water, sanitation and hygiene services in Kenya. The program is being initiated by the National Bank of Kenya (NBK) with funding of 5 billion Kenyan shillings (over $45.2 million). […]
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