News
Like a fly dancing into a spider’s web, the personal bank manager unwittingly strode into his usual corner in an upmarket joint in Westlands, Nairobi. He loosened his tie, unceremoniously tossed his car keys on the table and ordered his drink. After casually glancing around, he surrendered to the
News
Co-operative Bank’s shareholders will recoup their investment in full this year from dividend payouts with Co-op Holdings Co-operative Society getting the largest payout at Sh3.78 billion. This year’s dividend payment is the highest ever, and matches the entire initial investment by the Co-operative Movement in the Bank
News
The Maisha Microfinance Bank has scooped the coveted Best Microfinance Bank in product innovation during the prestigious Think Business Banking Awards gala held at Mövenpick Hotel in Nairobi. The win comes in the wake of being named the fastest growing microfinance Bank (Second Runner-Up) in 2018 Think Business Banking Awards.
News
* Reuters 24th May 2019 11:31:07 GMT +0300 The Kenyan shilling is expected to weaken on the back of end-of-the-month dollar demand while the Zambian kwacha’s bullish run is set to continue. KENYA The Kenyan shilling is seen under pressure against the dollar in the coming week as
News
Co-operative Bank #ticker:COOP boss Gideon Muriuki’s annual pay increased to Sh376.4 million last year, securing his position as the highest-paid CEO of all the Nairobi Securities Exchange (NSE) #ticker:NSE listed companies. Mr Muriuki’s salary and bonus pay in 2018 marked a slight increase from the
News
* Reuters 24th May 2019 07:02:26 GMT +0300 Safaricom will start a joint venture with Vodacom to acquire the intellectual property rights to the popular M-Pesa mobile financial services platform from Britain’s Vodafone, Safaricom’s CEO said on Thursday. The Sh1.3billion (USD13.4 million)deal will let
News
* Reuters 24th May 2019 07:02:26 GMT +0300 Safaricom will start a joint venture with Vodacom to acquire the intellectual property rights to the popular M-Pesa mobile financial services platform from Britain’s Vodafone, Safaricom’s CEO said on Thursday. The Sh1.3billion (USD13.4 million)deal will let
News
By PAUL WAFULA More by this Author A legislator has initiated the process of scrapping the law that has seen hundreds of thousands of borrowers listed for defaulting on small loans with the Credit Reference Bureau (CRB). Belgut Member of Parliament Nelson Koech says it is unfair for lenders to
News
Cooperative Bank registered a net profit of Sh3.6 billion in the first three months of 2019, as income from Government securities continued to shore up the bank’s profitability. This was a six per cent increase from a profit after tax of Sh3.4 billion that the lender made
News
Columnists It’s time for a credit guarantee scheme Thursday, May 23, 2019 20:21 By JAINDI KISERO This is my take on ‘Stawi’, the new subsidised lending scheme where the Central Bank of Kenya (CBK) has partnered with five commercial banks to launch a mobile loan product targeting small
News
Ideas & Debate CBK needs to get better ways of unlocking MSME lending Thursday, May 23, 2019 20:09 By GEORGE BODO This week, the Governor of the Central Bank of Kenya (CBK), Dr Patrick Njoroge, led five commercial banks in launching the pilot phase of a mobile loan product
News
The Co-operative Bank Group has registered KSh 5.1 billion in profit before tax during the first quarter of 2019. The bank said the amount translated to a 4.4% growth compared to KSh 4.9 billion that it collected during the same period under review in 2018. READ ALSO: