(NAIROBI, KENYA) – Foreign investors sold 23.6 million KCB Group shares valued at KES 2.1 billion ($16.2 million) at the current market price in the three months to September, while local investors increased their holdings in the lender over the same period. Latest shareholder profile shows foreign holdings fell fromContinue Reading
(NAIROBI, KENYA) – South Africa’s Nedbank Group has completed the acquisition of a 66% controlling stake in NCBA Group, marking a major shift in ownership of one of East Africa’s largest banking groups. The transaction, announced on 19th October following receipt of the required regulatory approvals, makes NCBA a subsidiaryContinue Reading
(NAIROBI, KENYA) – Kenya’s Employment and Labour Relations Court has faulted Co-operative Bank of Kenya for failing to follow required procedures when it dismissed an employee over poor performance, although it upheld the reason for his termination. The judge found that Stephen Mwaura’s poor performance justified his dismissal on 25thContinue Reading
(NAIROBI, KENYA) – Kenya’s banking regulator has raised the minimum number of directors in banks and capped the tenure of board chairmen at nine years, in new draft rules aimed at strengthening board independence. The Central Bank of Kenya (CBK) proposed in draft prudential guidelines that chairmen must be independentContinue Reading
(NAIROBI, KENYA) – Kenya’s banking regulator has proposed new rules requiring lenders to seek approval before transferring business, assets or liabilities between subsidiaries within a banking group. The Central Bank of Kenya (CBK) published draft prudential guidelines to govern hive-down transactions, where a bank moves a business unit, assets, liabilitiesContinue Reading
(NAIROBI, KENYA) – Kenyan commercial banks increased agricultural lending by a record KES 53.1 billion ($410 million / GBP 309 million) in the year to June 2026, as stronger farm incomes and improved cash flows made the sector more attractive for credit. Agricultural credit rose 35.1% to KES 204.2 billionContinue Reading
(NAIROBI, KENYA) – Shelter Afrique plans to raise $500 million (KES 64.83 billion / GBP 383 million) through a sustainability-linked bond for East Africa in the first quarter of 2027, with the largest portion to be listed on the Nairobi Securities Exchange. The pan-African housing development bank will issue theContinue Reading
(NAIROBI, KENYA) – Kenya’s digital financial sector faces sweeping changes under a proposed law that would require payment providers to connect with rival systems and allow customers to share their financial data with third parties, potentially opening a market that processes billions of dollars annually. The National Payment System Bill,Continue Reading
(NAIROBI, KENYA) – The Central Bank of Kenya has raised alarm over a sharp rise in regulatory breaches by local lenders after 35 commercial banks were found to have broken the Banking Act and Central Bank of Kenya (CBK) prudential guidelines in 2025. This is a 318% increase in nonContinue Reading
(NAIROBI, KENYA) – Kenya’s banking industry is undergoing a striking change in the way customers use their accounts, with tens of millions of deposit accounts disappearing from lenders’ books in 2025. The scale of the change is captured in the latest Central Bank of Kenya (CBK) Bank Supervision Annual ReportContinue Reading
