Finance & Markets - Page 3

IMF warned Kenya currency strength won’t bring down prices

IMF said models tracking Kenya’s exchange rates movement over decades showed that while prices shot up during currency depreciations, they do not come down when the shilling strengthens.

February 20, 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

Finance & Markets

Family Bank lifts H1 profits 14 pc on state securities leverage

As a Group, our focus in the first half of the year has been on prudent financial management by strengthening our liquidity position while working on satisfying customer needs.

August 29, 2024

Finance & Markets

Absa posts 28pc profits on out-running costs

Absa Bank Kenya has reported an impressive 28.9 percent jump in net profits in a difficult half year of Kes10.7 billion after revenues outpaced rise in costs. The Pan African lender saw interest income rise by Kes7.1 billion which was enough to

August 26, 2024

Finance & Markets

Banks are changing corner shops business model

Across the country over 260,000 shops work as financial services agents with half of them garbed in monopolistic green of the giant telco Safaricom.

August 26, 2024

Finance & Markets

EAC rescues Equity Bank from Kenya profit decline

The decline of loans advanced to customers from Kes459 billion to Kes423 billion means the bank made money from charging higher interest rates, which could fuel defaults.

August 12, 2024

Finance & Markets

Search for deposits in provincial towns draws banks outside Nairobi

Customers will have access to transactional accounts, savings accounts, deposit accounts, Shari’ah-compliant solutions, financial advisory services, and more.

August 2, 2024

Finance & Markets

Kamiti calls bypass multibillion banking firewalls

Even as Kenyan banks build strong IT systems to prevent digital fraud, criminals are still getting access from inside men and customers who hand over passwords to a stranger over the telephone, forget to report a stolen ID or transact in public

July 26, 2024

Finance & Markets

Absa finds sweet spot for savings and insurance for small businesses

The combination of savings with insurance is likely to draw small business deposits to Absa Bank putting the lender on a market lead to secure cheap savings at a time when deposits in the banking sector are very expensive.

July 22, 2024

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Finance & Markets - Page 3

IMF warned Kenya currency strength won’t bring down prices

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 Bank lifts H1 profits 14 pc on state securities leverage

Absa posts 28pc profits on out-running costs

Banks are changing corner shops business model

EAC rescues Equity Bank from Kenya profit decline

Search for deposits in provincial towns draws banks outside Nairobi

Kamiti calls bypass multibillion banking firewalls

Absa finds sweet spot for savings and insurance for small businesses

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