THE two major indices went on different directions during the week that ended on 18th December 2020 after counters seeing mixed movements. The All Share Index (DSEI) was on the red after most cross listed counters decelerated while CRDB and JATU pulled the Tanzania Share Index (TSI) up. Twiga Cement dropped by 0.78 per cent […]
The Kenya Mortgage Refinance Corporation (KMRC) will issue a corporate bond in the third quarter of 2021, as it moves to raise money for low-cost houses. Chief Executive Johnstone Olteita said an interview with The Standard that the company would be seeking to raise between Sh2 billion and Sh3 billion next year, but did not […]
The Central Bank of Kenya, in partnership with Huawei, Safaricom, KCB Bank, and Standard Chartered Bank Kenya, recently held the Afro-Asia Fintech Festival, Nairobi Online City Event. The three-day event themed “People and Talent-Harnessing: Collaboration in Pursuit of Resilience and Growth Post Covid-19” was organized by the Monetary Authority of Singapore. The event aimed at […]
The Central Bank in conjunction with banks and other stakeholders in the fintech industry held the Afro-Asia Festival, Nairobi Online City Event. The event that was a collaboration between the regulator, KCB Bank, Standard Chartered Bank, Safaricom and Huawei. The three day event themed People and Talent-Harnessing:Collaboration in Pursuit of Resilience and Grwoth Post Covid-19 […]
KCB boss Joshua Oigara during an interview at his office. The first time KCB Group Chief Executive Joshua Oigara met former Safaricom boss Bob Collymore , a mobile lending and saving platform was born. And KCB, one of the oldest local banks, was reborn. So by the time Oigara was reading Collymore’s eulogy at All […]
THE two major indices went on different directions during the week that ended on 18th December 2020 after counters seeing mixed movements. The All Share Index (DSEI) was on the red after most cross listed counters decelerated while CRDB and JATU pulled the Tanzania Share Index (TSI) up. Twiga Cement dropped by 0.78 per cent […]
* To buy controlling stake in Banque Populaire du Rwanda * Deal will make KCB the second-biggest bank in Rwanda * To take full ownership of ABC Tanzania, eyes DRC next (Updates with value of the deal) NAIROBI, Nov 26 (Reuters) – Kenya’s top lender by assets, KCB Group, has entered a binding agreement to […]
KCB Group #ticker:KCB has won the fight with three other banks seeking to auction a prime property belonging to the CEO of fallen retail giant Nakumatt, Atul Shah, over a Sh2 billion debt. High Court judge Alfred Mabeya on Tuesday allowed KCB to complete the sale of the property in Industrial Area, Nairobi that is […]
KCB boss Joshua Oigara during an interview at his office. The first time KCB Group Chief Executive Joshua Oigara met former Safaricom boss Bob Collymore , a mobile lending and saving platform was born. And KCB, one of the oldest local banks, was reborn. So by the time Oigara was reading Collymore’s eulogy at All […]
Kenya Mortgage Refinancing Company made its first disbursement to four lending institutions backing 1,400 new mortgages. Among the benefiting institutions from the first disbursement include KCB which received the lion share of funds ahead of the Housing Finance Corporation, Stima Sacco and Tower Sacco. Loans issued under the capacity will be capped at Ksh.4 million […]
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