Four lenders selected by the Central Bank of Kenya to give low-cost mobile loans to small businesses under a programme dubbed ‘Stawi’ have abandoned the deal. The Business Daily can reveal the platform has not issued a single loan for over a year after KCB Bank #ticker:KCB , Co-operative Bank #ticker:COOP , Diamond Trust Bank […]
Tag: XUGA_NIC
Banks abandon CBK’s SME mobile loans deal
Four lenders selected by the Central Bank of Kenya to give low-cost mobile loans to small businesses under a programme dubbed ‘Stawi’ have abandoned the deal. The Business Daily can reveal the platform has not issued a single loan for over a year after KCB Bank #ticker:KCB , Co-operative Bank #ticker:COOP , Diamond Trust Bank […]
Big banks seen swallowing smaller loss-making rivals
Ratings agency Moody’s says small Kenyan banks suffering losses or facing insolvency are likely to become targets of acquisitions by their larger rivals over the next one-and-a-half years. The ratings firm says local lenders are witnessing a wide divergence in profitability, with 14 of the institutions in the smaller peer group reporting losses or negligible […]
Big banks seen swallowing smaller loss-making rivals
Ratings agency Moody’s says small Kenyan banks suffering losses or facing insolvency are likely to become targets of acquisitions by their larger rivals over the next one-and-a-half years. The ratings firm says local lenders are witnessing a wide divergence in profitability, with 14 of the institutions in the smaller peer group reporting losses or negligible […]
Inside meteoric rise of NCBA to a tier one lender
One of the biggest mergers in the past three years in Kenya has been what created NCBA Bank #ticker:NCBA , whose swift growth has made it the lender to watch. Just two years after the NIC Bank and CBA Bank merger, NCBA is now the largest lender by customer base. By the time of the […]
Kenya : Companies that have rebranded in 2021
Companies have rebranded in the last one-year or so to boost business and reinvigorate presence amid an economic impact caused by the Covid-19 pandemic. It is usual for companies to develop new logos, marketing materials as well as names to rejuvenate interest from consumers, employees and investors, as well as stay ahead of competitors. Recent […]
Companies that have rebranded in 2021
Companies have rebranded in the last one-year or so to boost business and reinvigorate presence amid an economic impact caused by the Covid-19 pandemic. It is usual for companies to develop new logos, marketing materials as well as names to rejuvenate interest from consumers, employees and investors, as well as stay ahead of competitors. Recent […]
Kenya : Companies that have rebranded in 2021
Companies have rebranded in the last one-year or so to boost business and reinvigorate presence amid an economic impact caused by the Covid-19 pandemic. It is usual for companies to develop new logos, marketing materials as well as names to rejuvenate interest from consumers, employees and investors, as well as stay ahead of competitors. Recent […]
Companies that have rebranded in 2021
Companies have rebranded in the last one-year or so to boost business and reinvigorate presence amid an economic impact caused by the Covid-19 pandemic. It is usual for companies to develop new logos, marketing materials as well as names to rejuvenate interest from consumers, employees and investors, as well as stay ahead of competitors. Recent […]
NCBA to retain relationship with CRB clients
NCBA bank general managing director John Gachora during the Embu branch opening event at Embu town on Monday, December 6. NCBA bank has vowed not to change its existing customer relations with Kenyans listed on Kenyan Credit Reference Bureau. This is despite President Kenyatta’s directive to financial institutions to exclude Kenyans listed on CRB. NCBA […]