Oral East Africa, Author at Orals East Africa

Bankers reveal common type of cons during fraud awareness week

Most cases of fraud are seemingly social engineering, stealing credentials and identities for Push Payment fraud, due to rising digital adoption.

November 22, 2024

Finance & Markets

Sheer size of KCB loan book supports jump in profits

The contribution by subsidiaries (excluding KCB Bank Kenya) improved during the period, closing at 36.6 percent in profit after tax

November 21, 2024

Finance & Markets

Absa Bank sees strong profit growth on cost containment

Absa Bank cost containment strategies helped reduce the lenders cost to income ratio to 37.8 percent with this improvement resulting in total revenue growth outpacing costs, aided by an improving rate environment.

November 20, 2024

Finance & Markets

Co-op keeps growth steady with pivot to state and peers

To deal with the high costs banks have either had to cut costs elsewhere or target faster revenue growth in charging higher interest on customer loans

November 18, 2024

Finance & Markets

Equity Bank cuts bad-loan insurance on promise of lower rates

The impact of high interest rates continued to be felt in the banking sector with Equity Bank facing higher costs on deposits while loans advanced to customers shrunk on declined demand.

November 15, 2024

Finance & Markets

Central Bank of Kenya threatens jail term on cyber rumours of a bank run

Cyber crime laws in Kenya confers a fine of not more than Kes5 million or a ten-year jail term for those convicted for knowingly publishing information that is false in print, broadcast, data or over a computer system

November 14, 2024

Finance & Markets

Mobile money profits slowdown on defaults

The decline in profits come at a time the lenders have stepped up the volume of their loans and the ticket size of disbursement.

November 11, 2024

Safaricom-bosses-Kenya-Ethiopia-Finance-Chair

Finance & Markets

4GB per customer data fails to stop Safaricom profit drop

Mobile data which now accounts for 20.0 percent of Service Revenue looks set to outgrow voice and messaging revenue that now account for 26.4 percent of service revenue. Only M-PESA is King as it accounts for 43.5 percent of service revenue.

November 8, 2024

Family-Bank-Board-Chairman-Mr.-Lazarus-Muema

Brands

Family Banks on experience in Chairman pick

Banks are looking for steady hands to navigate the tough operating environment and are going for leadership with skills and networks across industries to thrive.

November 7, 2024

Economy & Politics

Safaricom face backlash building backdoor access for Kenyan police

Safaricom is accused of helping to obfuscate call record data for victims seeking justice from police kidnappings and killings, helping the state avoid responsibilities for the crimes against its citizens.

October 30, 2024

Oral East Africa

Bankers reveal common type of cons during fraud awareness week

Sheer size of KCB loan book supports jump in profits

Absa Bank sees strong profit growth on cost containment

Co-op keeps growth steady with pivot to state and peers

Equity Bank cuts bad-loan insurance on promise of lower rates

Central Bank of Kenya threatens jail term on cyber rumours of a bank run

Mobile money profits slowdown on defaults

4GB per customer data fails to stop Safaricom profit drop

Family Banks on experience in Chairman pick

Safaricom face backlash building backdoor access for Kenyan police

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