Integrated budgeting tools within these digital payment solutions enable families to monitor their expenses in real time, making it easier to stay within their budgets while covering all necessary back-to-school purchases.
In 1993, when KTDA sought to pay farmers' bonuses, most preferred to have their money deposited in Family Bank, which was suddenly entrusted with the largest deposit it had ever handled in its history.
Interest rates skyrocketed to 30 per cent and many building societies and other financial institutions collapsed due to high non-performing loans which were given at that level. At Family Bank, we stuck to an interest of 20 to 25 percent
We had not handled that kind of money before, but we were calling ourselves a bank, so we had challenges of paying this money to customers who were coming to our branches in large numbers
There’s something about catching the first rays of sunrise, or sunset, wind in your hair, warmth on your skin, lush green landscapes, mixed with shades of yellow from the rays of sun, and great music on the stereo that feels very habitat.
As we look to the next 40 years, there are no limits to innovation. The future is shaped by AI, big data, digital transformation, ESG values, ecosystem banking, innovation, and strategic partnerships.
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.
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.