04/13/2023

Bank runs in South Africa? Unlikely

The nature of local banks’ depositors is one reason few analysts see the odds of a run here. Rather, the global sell-off, they say, is good reason to buy

03/28/2023

Banks insured deposits double to Sh710 billion

The deposit coverage limit was raised to Sh500,000 per account in July 2020 following amendments to the KDIC Act, which were to offer enhanced protection to banking depositors.

03/28/2023

‘Fraud slows down e-payment adoption’

Irechukwu noted that in recent months, social media had been awash with reports of fraud cases, with many of these cases going viral, embarrassing the banks involved.