Oral East Africa, Author at Orals East Africa

Family Bank bucks industry trends to grow loan book

The Lender’s loan book grew by Kes10 billion to Kes94 billion in a period where industry wide loans to the private sector tumbled to 3.7 percent in July from 13.9 at the end of last year.

December 2, 2024

Entertainment·Events & Travel·Videos

Ol school RnB is queen of Kisumu parties

It is clear that this show can fill a stadium and there goes what the entertainment scene has been asking of this market. Here’s a show that will pull even outsiders across East Africa to the shores of Lake Victoria.

November 30, 2024

Brands

After Kenya springboard, South Africa Private School advances to Ethiopia

This is the second major expansion in East Africa following the 2018 acquisition of Makini Group of Schools and establishment of Crawford International School in Kenya.

November 27, 2024

Finance & Markets

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

Oral East Africa

Family Bank bucks industry trends to grow loan book

Ol school RnB is queen of Kisumu parties

After Kenya springboard, South Africa Private School advances to Ethiopia

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

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