Absa returns to Kisumu day to roll out Foundation programme
Absa Bank launched Absa Kenya Foundation (AKF), its corporate social arm with a seed funding of Sh500 million and a commitment of 1.5 per cent of its annual earnings
Absa Bank Ceo named top African ceo in first year in charge
The High school math teacher from Garissa, has risen through the ranks in Absa, where he continues to mentor his team.
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
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.
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.
Africa should build its own financial architecture from ground up
In a generation an educated youthful population who number two for every child and pensioner delivers an economic boom since more people are economically active than dependents, and this builds up enough savings to reduce the cost of credit.
Absa’s Timiza and Safaricom Fuliza ya biashara fastest growing platforms
Safaricom’s new overdraft for merchants disbursed Kes32.5 billion in its first full year of operations, making a powerful market grab as the company converts small business seeking payments solutions into loan customers.
Absa KipKeino classic runs a rhythm a fifth time
Nairobi which is considered the right altitude for short, explosive events like sprinting and jumping due to less air resistance, but up till Omanyala showed up, it remained just potential.
Absa smoothens transition year with 12 percent profit growth
Absa appointed Abdi Mohamed as CEO in May 2023, replacing Mr Jeremy Awori who left the lender after a decade that saw it switch brands from Barclay Plc. Last year was also the inaugural year for Absa executing its ambitious five-year strategy to win
Kenyan Wordsmith who spoke Pan African scrabble into existence: Part III
As the government takes up at least 20 percent of payslips in deductions, and tax induced inflation takes up the rest, the disposable income that would go to savings is narrowing. It does not help when young Kenyans see that it does