Absa Bank Kenya has partnered with Pan African impact investment platform – Melanin Kapital – to launch an investor readiness program that places startups driving social impact on the path to accessing up to KES3 million in unsecured lending. The … Continue reading Absa Bank, Melanin Kapital partners to launch unsecured lending for startups
The Government of Tanzania has increased its stake in Shelter Afrique after paying USD2.7 million in additional capital, the pan-African housing development financier has disclosed. The Additional stake now takes Tanzania’s shareholding to 1.54% up from 0.3% held previously. Effectively, the … Continue reading Shelter Afrique receives USD2.7m capital boost from Tanzania
Financial institutions have been urged to accelerate progress towards health financing to aid in the realization of Universal Health Coverage in the country. Speaking during an event organized by Medical Credit Fund – East Africa (MCF), Credit Bank CEO Mrs. … Continue reading Banks Urged to Accelerate the Quest Towards Reducing Health Financing Gap
Shelter Afrique Board has approved a line of credit worth US$9 million in housing loan to Lagos-based Wema Bank Plc. The 7-year facility due for repayment in 2027 will be used for onward lending to developers and home buyers who … Continue reading Shelter Afrique extends US$9m housing loan to Wema Bank Plc as it completes plans for Local Currency Bond
Standard Chartered Bank scooped two prestigious Global Trade Review (GTR) awards for trade innovation. The bank was awarded the best deals in Finance Transaction for pandemic relief in Africa and Tanzania Light Railway Project Financing. For the first award, Standard Chartered Bank’s was recognized for … Continue reading Standard Chartered Bank bags two Global Trade Review (GTR) best deals for Trade Innovation in the 2021 awards
The IMF has proposed a USD 650bn increase to its existing Special Drawing Rights (SDR) reserves. This could triple existing SDR reserves, boosting the IMF’s international reserve assets for member countries around the world. This initiative seeks to provide additional … Continue reading Insights into the new IMF SDR allocation – What that means for Kenya – By Eva Wanjiku Otieno, Principal, Africa Strategy, Standard Chartered Bank
Standard Chartered Bank Kenya Limited today releases its results for the year ended 31 December 2020. Kariuki Ngari, Chief Executive Officer, said: “We are weathering the health crisis well and our strategic transformation continues to progress. We remain strong and … Continue reading StanChart posts a drop in 2020 profits
Credit Bank plc has today been named best Tier 3 Bank, 2020, according to a new customer survey. The Customer Satisfaction Survey, conducted by the Kenya Bankers Association during the pandemic, gauged Kenyan banks’ adoption of digital banking. For the … Continue reading Credit Bank named top tier 3 lender
For the third consecutive year, Equity has won the 2020 SME Bank of the year – Africa Award at the Global SME Finance Awards virtual Gala. The win, in the Gold category is testament to Equity’s long-standing and consistent commitment … Continue reading Equity wins SME Bank of the Year at the Global SME Finance Awards gala
Standard Chartered Bank has recently announced the launch of co-branded SCB and Liverpool FC debit cards for their clients. The co-branded card is a first in Africa and will be available to clients who open an SCB account and opt … Continue reading Standard Chartered introduces SCB and Liverpool FC Visa debit Co-brand card in Kenya
