Members of Upendo Imara Self Help Group Feed Processors in the process of manufacturing chicken mash after receiving Sh499,000 to set up the venture through a joint program by National Agricultural and Rural Inclusive Growth Project (NARIGP) and County Government of Nakuru. NAKURU, Kenya, Feb 23 -Nearly 3,000 farmers in Nakuru have been enrolled in […]
Tag: XNAI_EQTY
Absa takes on small lenders with cheap personal loans offer
Absa Bank Kenya #ticker:ABSA has joined small lenders to offer the cheapest personal loans, breaking ranks with other big banks that have continued to issue relatively expensive credit facilities. An Absa customer taking a Sh1 million, one-year personal unsecured loan today will incur a total credit cost of Sh71,807. That is the same as the […]
Reprieve for Equity Bank in Sh234m tax demand dispute
Equity Bank Kenya #ticker:EQTY has won a temporary reprieve after the appellate court barred the Kenya Revenue Authority (KRA) from demanding Sh234 million in taxes on the lender’s employee share ownership plan (Esop). The Court of Appeal agreed with the bank that the demand by the KRA to enforce the award was real yet Equity […]
Ethiopia to drop restrictions on KCB, Equity Bank
Ethiopia on Tuesday announced plans to ease restrictions on foreign banks making investments in the country, opening the door for Kenyan lenders to set up operations in the populous nation. Ethiopian Prime Minister Abiy Ahmed said the country would open up its banking industry to foreign competition as soon as parliament passes policies permitting it. […]
Absa takes on small lenders with cheap personal loans offer
Absa Bank Kenya #ticker:ABSA has joined small lenders to offer the cheapest personal loans, breaking ranks with other big banks that have continued to issue relatively expensive credit facilities. An Absa customer taking a Sh1 million, one-year personal unsecured loan today will incur a total credit cost of Sh71,807. That is the same as the […]
Kenya Banking Industry Report 2021: Influencing Factors, Competitive Environment, Outlook, Industry Associations, Company Profiles
Dublin, Feb. 15, 2022 (GLOBE NEWSWIRE) — The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and […]
International Finance Corporation to extend $15m loan to GTBank
A GTBank branch in Nairobi, Kenya. PHOTO | FILE | NMG The International Finance Corporation (IFC) has announced it has extended a $15 million loan to Guaranty Trust Bank (Kenya) Ltd for lending to local businesses in the country, making it the third bank to secure such a facility in Kenya since the beginning of […]
Kenya Banking Industry Report 2021 Featuring Standard Chartered, Stanbic, Equity Bank, KCB Group, Paramount, Middle East Bank, Faulu and Muungano – ResearchAndMarkets.com
DUBLIN, February 09, 2022 –( BUSINESS WIRE )–The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and […]
How to Open an Account with Equity Bank Uganda Using a USSD Code
Can you open a bank account on your phone using a USSD code? Yes, you can! Equity Bank Uganda recently launched account opening using the USSD *247# code. Equity Bank Uganda says that this furthers its commitment to invest in the financial deepening and inclusion of the unbanked population in Uganda. Using the *247# code […]
Equity kicks off auction of Tuskys over Sh650m debt
Cash-strapped Tuskys Supermarket will lose its first real estate asset through a public auction over a Sh650 million Equity Bank #ticker:EQTY debt, dimming chances of a revival for the once giant retailer. The five-storey commercial building, which houses the retailer’s largest store and sits at the junction of Tom Mboya Road and Accra Road in […]