(NAIROBI, KENYA) – Kenya Commercial Bank (KCB) has established a medium term sustainability bond programme of up to KES 300 billion, equivalent to about $2.32 billion / £1.72 billion / €2.00 billion, to finance green, blue and social investments over more than five years. The programme is subject to regulatoryContinue Reading
(NAIROBI, KENYA) – KCB Bank has been allowed to place apartment blocks owned by Northcote Business Centre under administration to recover defaulted loans of $16 million (KES2 billion / £12.6 million). Northcote borrowed the sums from National Bank of Kenya. The loans are part of the portfolio KCB inherited afterContinue Reading
(NAIROBI, KENYA) – Prime Bank Group posted a 23.6% rise in net profit for the half year ended June 2026 to KES3.3 billion ($25.4 million / £20 million), driven mainly by lending to the government. The lender, which has a regional presence outside the East African Community, recorded a profitContinue Reading
(NAIROBI, KENYA) – Absa Group has failed in its bid to raise its stake in Absa Bank Kenya to as much as 85% through a tender offer worth about $238 million (KES30.8 billion / £187 million). The South African banking group bought 189.38 million shares from minority shareholders out ofContinue Reading
(Nairobi, Kenya) – Family Bank Limited posted a 59.3% rise in profit before tax to KES4.6 billion ($35.4 million / £27.9 million) for the first half of 2026, up from KES2.9 billion ($22.3 million / £17.6 million) in the same period last year, driven by stronger private sector lending andContinue Reading
(KAPCHEROP, KENYA) – Residents and business operators in Kapcherop, Marakwet West Sub County, and its surrounding areas are expected to enjoy easy access to banking and credit facilities following the official opening of a new Kenya Commercial Bank (KCB) branch in the town. The new branch will bring financial servicesContinue Reading
(NAIROBI, KENYA) – NCBA Bank has challenged the decision by Director of Public Prosecutions Renson Ingonga to prosecute its chief executive officer John Gachora for allegedly failing to report suspicious transactions linked to the KES363.3 million ($2.52 million / £1.98 million / €2.34 million) fraud at First Assurance Investment Ltd.Continue Reading
(NAIROBI, KENYA) – Kenyan banks are set to earn KES 341.8 billion ($2.36 billion / £1.85 billion) in interest payments from the government in the 2026/27 financial year, reflecting the heavy burden of domestic debt on public finances. In total, local financial institutions will receive KES 500 billion ($3.45 billionContinue Reading
(NAIROBI, KENYA) – The board of directors of Shelter Afrique Development Bank (ShafDB) has approved the establishment of a programme to issue KES 64.61 billion ($500 million / £392 million) worth of bonds across East African capital markets. This marks a significant step towards the launch of the regional debtContinue Reading
(NAIROBI, KENYA) – The High Court has blocked construction company EPCO Builders from attaching and selling assets of Limuru based cereals manufacturer Proctor & Allan (EA) Limited to recover a KES 150 million ($1 million / £810,000) debt. Instead, the court gave Kenya Commercial Bank (KCB) priority over the sameContinue Reading
