10/14/2022
It is estimated that when fully utilized, this RPA facility, will support approximately $500-600 million of trade over the next 3 years
10/13/2022
The court order directed the banks to file an affidavit of compliance within 14 days of receipt of the order.
10/13/2022
The acquisition started in May 2022 and it was reported that the deal to acquire Grindrod Bank was valued at R1.5-billion.
10/12/2022
A similar engagement will be undertaken with external bondholders, it added.
10/12/2022
According to CBK, separation of mobile money business from other businesses by telcos will facilitate realisation of a secure, fast, efficient and collaborative payment system that supports financial inclusion and innovations that benefit Kenyans.
10/12/2022
“The agreement that we have signed today with the NYSE will unlock opportunities for investors and issuers of both bourses,” said Fourie.
10/12/2022
He explained that the African Development Bank monitored and tracked the impact of each bank investment on gender through a gender-marker system.
10/11/2022
African Bank CEO Kennedy Bungane said: “This is an important step in the process of final incorporation and we commend the Commission and the Tribunal for their hard work and swift decisions.”
10/11/2022
But the figures show there are still a lot of crooks out there.
10/11/2022
Nigeria is a strong state.
10/11/2022
Five additional countries, including Nigeria, now benefit from an automatic exchange of banking information with Switzerland, taking the total to over 100 for the first time.
10/10/2022
The Guidelines provide that an interested applicant is required to obtain an offer letter for the property from the owner or approved agent and approach a Mortgage Lender to fill an application form.
10/07/2022
The disclosure of the sale and exit of SBM Holdings from Kenya comes in a period that has seen the bank disclose it owes the CBK Sh11.3 billion offered to keep the troubled lender afloat.
10/07/2022
Earlier in his address, the President of the Abuja Chamber of Commerce and Industry, Dr. Al-Mujtaba Abubakar, praised the CBN for coming to the rescue of MSMEs.
10/06/2022
The president argued that ‘blacklisting’ has ‘unfairly’ excluded millions of Kenyans from the formal credit system and denied others job opportunities.
10/06/2022
After a monetary policy committee meeting in September 2022, Godwin Emefiele, the CBN Governor, disclosed that the bank was raising its CRR from 27.5% to 32.5% as part of its moves to mop up liquidity and combat rising inflation in the country.
10/05/2022
At 6.25%, the benchmark matches its January 2020 level
10/05/2022
World Bank warning echoes what Central Bank of Kenya (CBK) Governor Patrick Njoroge told Bloomberg News that the financial markets have frozen Kenya out, making it difficult to maintain relationships in the capital markets and borrowing.
10/05/2022
"We acknowledge that our customers may currently be experiencing challenges in some of their transactions occasioned by panic withdrawals informed by malicious rumors."
10/03/2022
The alerts sent by the scammer can be related to loss of data, update credentials or system breakdown, which results in theft of passwords, credit card numbers, bank account details and other confidential information.