Banking
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News
SBM Bank Kenya Profit Surges 171pc on Lower NPLs
SBM Bank Kenya’s profit before tax jumped 171 percent to Sh548 million in the half-year ended June 2026, helped by…
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BUSINESS
KCB Group Climbs 23 Places in Global Bank Rankings
KCB Group has climbed 23 places in the Banker’s Top 1,000 World Banks report, moving up to position 549 globally…
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News
Equity Bank on How Protect Your Money from the New Face of Online Fraud in Kenya
The biggest threat to shopping online today is not a suspicious stranger trying to lure you to a fake website…
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BUSINESS
Absa Bank Kenya CEO Abdi Mohamed Resigns
Abdi Mohamed has resigned as Chief Executive Officer (CEO) of Absa Bank Kenya, just over three years after taking up…
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News
The Business Case for Equity Bank’s Bulk Payment Service
Managing multiple payments has traditionally been one of the most time-consuming and error prone aspects of running a business. Whether…
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News
African Banks Lean Into Digital Transformation as Margins Tighten
Africa’s banking sector is heading into the second half of 2026 in a state industry analysts describe as cautiously optimistic:…
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News
BFSI Week 2026: African Banks Urged to Focus AI on Value, Security
Financial institutions across Africa must focus on business value, cyber resilience and leadership if they are to successfully harness the…
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BUSINESS
Stanbic Explores New Banking Venture in Ethiopia
Stanbic Bank is considering establishing a wholly owned banking operation in Ethiopia, opening a potential route into one of Africa’s…
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News
Absa and Salesforce Extend Strategic Partnership To Advance AI in Banking
Absa has renewed its partnership with Salesforce through a new three-year agreement aimed at advancing the bank’s adoption of artificial…
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BUSINESS
Absa Bank Kenya Q1 Net Profit Drops 13% to Ksh5.3B
Absa Bank Kenya PLC has posted a profit after tax of KSh5.3 billion and achieved a Return on Equity of…
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News
Family Bank Reports 52.6% Increase in Quarter 1 2026 Profit
Family Bank Group has recorded a 52.6% jump in first-quarter Profit After Tax to KES 1.6 billion for the period…
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News
Equity Group Processes 89.5% of Transactions Through Digital Platforms in Q1 2026
Equity Group processed 89.5% of all customer transactions through digital platforms in the first quarter of 2026, the lender has…
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BUSINESS
National Bank of Kenya Profit Jump 275% in Quarter 1
National Bank of Kenya (NBK) has reported a profit after tax of KSh1.03 billion for the quarter ended March 31,…
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BUSINESS
KCB Group Shareholders Approve KShs. 22.5 Billion Dividend Payout
KCB shareholders have approved a total dividend payout of KSh22.5 billion for the Financial Year 2025, highlighting strong returns to…
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News
I&M Bank Bond Offer Draws KES 23 Billion in Bids
I&M Bank Limited has successfully closed the public offer for the first tranche of its Kenya Shillings-denominated Medium-Term Note (MTN)…
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News
CBK Data Shows Digital Banking Growth Outpacing Investment in Research Teams
A large section of Kenya’s banking industry went through 2025 without allocating money to research and development, according to findings…
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News
Backbase Report Reveals Mobile Now Drives 75% of African Banking Traffic
Backbase, a leader in AI-powered banking, in partnership with African Banker Magazine, has published the fourth edition of the Africa…
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TRENDING
KCB Group to Acquire Stake in Fintech Firm Pesapal, Marking Second Major Fintech Investment in 8 Months
KCB Group Plc has announced that it has signed a deal to acquire a minority stake in Pesapal Limited, a…
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BUSINESS
Banking Sector in Kenya Contributed KES 194.81B to Government in 2024
The Kenya Banking Sector contributed a total of KES194.81 billion to the National Treasury in the year ended 31 December…
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News
NCBA Unveils ConnectPlus, a $6 Million Corporate Banking Platform
NCBA Bank has officially launched ConnectPlus, a next-generation digital transaction banking platform developed in partnership with Intellect Global Transaction Banking…
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News
Paga Enters the U.S. to Build the First Real Banking Platform for African Migrants
Most fintechs entering the United States start by promising convenience. Paga is staking its entry on something deeper: familiarity. After…
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CLOUD
Absa Deepens Partnership with AWS to Accelerate Cloud Migration and Digital Innovation
In a move that signals how seriously African banks are taking digital transformation, Absa Group has deepened its partnership with…
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News
KCB Unveils Revamped Mobile Banking App
KCB Bank has rolled out a redesigned mobile banking app, promising customers a faster, more secure, and user-friendly experience. The…
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BUSINESS
NCBA Announces Distributor Partnership with Property Management Platform Zetu
NCBA Bank has today announced a strategic distributor partnership with Zetu Innovations, the company behind the Nyumba Zetu platform, in…
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News
SBM Bank Kenya Partners with PesaLink to Offer Lowest Money Transfer Fees in the Market
SBM Bank Kenya has announced a new partnership with PesaLink, in a move that positions the Bank as the most…
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BUSINESS
NCBA Opens 99th Branch in Kawangware
NCBA Bank has officially opened its 99th branch in Kawangware, Nairobi, in a strategic move aimed at accelerating financial inclusion…
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News
NCBA Rolls Out Account Opening Feature on the NCBA Now App
NCBA Bank has announced advancements to the NCBA Now app to allow for the instant onboarding of new customers. With…
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News
Secure Banking; How to Avoid Losing Money in Fake Online Security Checks
While digital banking offers significant convenience, it also brings a growing challenge from sophisticated fraud. One of the latest scams…
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BUSINESS
NCBA Launches 3rd Go-Getter Internship Cohort
NCBA on Friday announced the launch of the 3rd cohort of its Go Getter Internship Programme. The program aims to…
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News
KCB Acquires Majority Stake in Fintech Firm Riverbank
KCB Group has announced the acquisition of a majority stake in fintech firm Riverbank Solutions Limited. The Group said the…
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BUSINESS
Save on Banking Time With 24/7 Cash Deposit Machines: Here’s a Step-by-Step Guide
In Kenya’s increasingly 24/7 economy, businesses face unique challenges, specifically those that still handle large sums of cash and operate…
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News
Unpacking Equity’s Bancassurance Offering for Individuals and Small Businesses
Equity Bancassurance: In this continuously growing world, financial institutions are evolving to offer more than just traditional banking services. One…
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News
KCB Joins PAPSS to Enhance Cross-Border Transactions
KCB Group has joined the Pan-African Payment and Settlement System (PAPSS) to enhance cross-border trade and financial integration across the…
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News
LOOP App New UI – Same LOOP, Better Experience
LOOP App New UI: If you’re a LOOP user you have probably noticed that the app has taken a significant…
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BUSINESS
NCBA Pioneers Sustainable Development Impact Disclosure in Africa Under New Guidelines
NCBA Group on Thursday published its first Sustainable Development Impact Disclosure report, a new approach to sustainability reporting under the…
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News
Equity Bank Earns ISO Certification for Information and Service Management Systems
Equity Bank has received dual ISO certifications – ISO 27001:2023 for Information Security Management and ISO 20000-1:2018 for Service Management.…
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News
NCBA Disbursed KES 751 Billion In Digital Loans in Q3 2024
NCBA Group disbursed KES 751 billion in digital loans in the third quarter of 2024, an 8% increase compared to…
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BUSINESS
NCBA Bank opens a new branch in Kitui
NCBA Bank has opened a new branch in Kitui underscoring its commitment to bringing banking services closer to residents in…
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BUSINESS
Stanbic Bank’s Core Banking Systems To Be Unavailable This Weekend
Stanbic Bank has announced that it will be carrying out an upgrade of its Core Banking System from the 18th…
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News
I&M Bank Launches AI-Powered ‘Buy Now, Pay Later’ Service
I&M Bank has introduced an AI-powered Buy Now, Pay Later (BNPL) solution for its existing customers to enhance its unsecured…
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News
NCBA Bank turns to new tech for enhanced cybersecurity
The Central Bank of Kenya’s 2023 Banking Sector Innovation Survey revealed that cyber-risk is the most significant challenge for financial…
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News
NCBA’s SACCO banking digitisation continues to play pivotal role in financial inclusion
Savings and Credit Cooperative Organizations (SACCOs) have long been key players in promoting financial inclusion in Kenya, especially among underserved…
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News
NCBA collaborates with SACCOs to enhance cybersecurity measures
NCBA on Monday hosted its SACCO Banking Division customers in a forum focused on helping them bolster their defenses against…
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News
NCBA invested $31m in 2023 on cybersecurity
NCBA Bank has announced that it invested nearly $31 million in 2023 to strengthen and enhance its cybersecurity infrastructure. Speaking…
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BUSINESS
NCBA climbs 7 spots as one of Africa’s Most Valuable Brands
NCBA climbed 7 spots to secure the 85th position as one of Africa’s Most Valuable Brands in 2024. This is…
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BUSINESS
NCBA Bank: Unpacking the Bank’s Digital Transformation Landscape
Banks have for decades been relied upon to protect their customer’s personal details and financial information. Traditionally, sensitive information has…
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BUSINESS
NCBA bets on its digital products to grow its local footprint
NCBA Bank digital products: Initially, digital transformation was defined as organizational changes in terms of new investments in digital business…
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BUSINESS
NCBA Waives Monthly Fees for Retail Banking Customers
NCBA has today announced they will not charge monthly fees for their retail banking accounts from 1st July 2024. This…
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News
NCBA Now App: Prioritizing safety and convenience
NCBA Now App: As of the beginning of 2024, there were 22.71 million internet users in Kenya, with 40.8% internet…
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News
NCBA Bank is investing in Robotics Process Automation to enhance business productivity
NCBA Bank Robotics Process Automation: Robotics Process Automation (RPA) has emerged as one of the leading and most accessible automation…
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BUSINESS
Faulu receives over Ksh 900 million boost for digital, MSME banking
Faulu Microfinance Bank today announced a business refocus that will see it grow its digital banking offering and realign its…
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News
Eunice Kinyanjui: We Need More Digital and Innovative Financial Solutions for MSMEs Beyond Credit
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of Kenya’s economy, contributing significantly to innovation and economic growth. According…
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BUSINESS
NCBA Embarks on a Diaspora Banking Market Activation across the US
NCBA Bank has kicked off a one-month-long market activation across multiple states in the United States to engage with the…
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BUSINESS
NCBA launches a suite of trustee services to safeguard collective solutions
NCBA Bank has launched a suite of trustee services solutions under the theme “Safeguarding Collective Investments”. This comes after the…
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BUSINESS
Government Pledges Support for Digitization of Banking and Fintech at SeamlessHR Conference
Africa’s leading HR and payroll technology firm, SeamlessHR, hosted C-level executives to a roundtable on the factors driving disruption in…
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News
Equity Bank to discontinue its EazzyBanking App in March
Equity Bank has announced that it will discontinue its EazzyBanking App, which was its pioneer mobile banking application, first unveiled…
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BUSINESS
Receive money from anywhere across the world with Equity
In an era where global connectivity is paramount, Equity through its cutting-edge international money transfer solutions is committed to delivering…
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News
Absa Bank’s One Account is your one-stop shop for all your banking needs
Absa Bank One Account: The African financial and banking landscape has changed profoundly in the aftermath of the COVID-19 pandemic,…
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News
Absa Bank Goes Big on Digital Savings in Kenya
Absa Bank Digital Savings: The Covid-19 pandemic propelled the adoption of cashless payments for millions of people around the world…
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News
Unpacking Faulu Microfinance Bank Digital Solutions
Kenya’s banking sector has been evolving over the years, thanks to the emergence of technology, especially mobile phones that shifted…
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BUSINESS
Absa Bank increases transaction limits on Timiza to Ksh.250,000
Absa Bank Kenya PLC has today announced an increase in transaction limits on its Timiza wallet. Under the new changes,…
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News
I&M Bank Rwanda announces new executive appointment
The Board of Directors of I&M Bank Rwanda Plc has announced the appointment of Mr. Benjamin Mutimura as the new…
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BUSINESS
Equity Named Kenya’s Overall Best Bank After Bagging More 10 Than Awards
Equity Bank has once again been feted as the best bank in the country for the 12th consecutive year, at…
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News
Equity records a 23.3% increase in digital transactions to Ksh. 2,288.8 billion
Equity Group released its Q1 2023 results on Tuesday reporting a 23.3% increase in digital transactions to Ksh. 2,288.8 billion…
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BUSINESS
KCB overtakes Equity as Kenya’s largest bank with Sh1.55tr assets
KCB Bank has dethroned Equity as the largest lender in the country by asset size on the back of an…
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News
Ecobank Kenya takes on NCBA LOOP with new Fingo Africa app
According to a report by Mastercard and International Finance Corporation (IFC), released back in 2018, young Africans are less likely…
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News
Nigerian digital bank Umba launches its operations in Kenya
Umba, a pan-African digital bank that acquired Kenya’s Daraja Microfinance Bank last year has officially launched its operations in the…
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News
Equity Mobile app now supports Western Union international money transfers
Equity Bank customers can now send and receive money conveniently through Western Union straight from their phones. The bank announced…
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News
Absa introduces bank withdrawal options on its Timiza app
Absa Bank has added an option on its Timiza App where customers can withdraw cash from any ATM machine across…
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News
Payments firm enza group launches to serve African banks and fintechs
enza Group: Africa has a very vibrant fintech and payments ecosystem. This space is expected to grow exponentially over the coming…
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BUSINESS
KCB Group Completes Acquisition of DRC-based Trust Merchant Bank
KCB Group has announced the completion of the acquisition of Trust Merchant Bank SA (TMB) after receiving all the regulatory…
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News
Kenyans can now enjoy PayPal withdrawals on Equity Mobile App
Equity customers who use PayPal to send and receive money now have an alternative means of making transactions. The bank…
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News
DTB launches a special account for women-owned SMEs
Diamond Trust Bank (DTB) has launched a unique account for women running Small and Medium Enterprises. Dubbed Zawadi, the account…
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BUSINESS
Face scan account opening a big hit with Bank of Kigali customers
Bank of Kigali (BK) says it has recorded increased uptake of its mobile banking services following the launch of new…
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News
StanChart’s Solv Kenya Launches Credit Platform for Kenyan MSMEs
Solv Kenya, a B2B platform owned by Standard Chartered bank has officially launched in Kenya, aiming to make an impact…
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News
Microsoft to support continuous transformation of Africa’s Financial Services Industry
Transforming the Financial Services landscape in Africa will be a critical driver of economic prosperity across the continent, a banking…
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BUSINESS
Make Your Back to School Easy With Equity
It is a no-brainer that the Back-to-school season can be a hectic period for parents, guardians, and students as they…
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News
Jeremy Awori Joins Pan-African lender Ecobank as new CEO
After nearly a decade at the helm of Absa Bank, CEO and Managing Director Jeremy Awori will be leaving the…
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News
Google Wallet goes live in South Africa
South Africa has become the first African country to benefit from Google Wallet, a service that allows customers to pay…
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News
Ecobank Opens Applications for its 2022 Fintech Challenge for African Startups
Ecobank Group has launched the fifth edition of the Ecobank Fintech Challenge targeting African fintech startups. Selected startups stand a…
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News
4G Capital goes live on Mambu’s cloud banking platform
African Micro and small business-focused neobank 4G Capital has gone live on Mambu’s cloud banking platform 4G Capital says Mambu’s…
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BUSINESS
Absa Bank Kenya introduces online account opening platform
Absa Bank Kenya will spend nearly Ksh. 2 billion on upgrading its digital systems to improve customers’ banking experience. Among…
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News
Technology and innovation at the core of Equity Bank’s success
Africa is undergoing a season of rapid growth, characterized by innovative ideas that are crafting solutions to local problems. This…
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News
Tanzania’s fintech NALA enters Kenya, inks diaspora remittance deal with Equity Bank
Tanzania-based fintech startup NALA has partnered with Equity Bank Kenya for diaspora remittance. This partnership will allow Kenyans living in…
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BUSINESS
Equity is proof that doing well is intertwined with doing good
Equity has continued to prove that doing well can go hand in hand with doing good. This has over time…
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News
Absa customers can now use KenSwitch ATMs across the country
Absa Bank has entered into an interoperability partnership that will allow customers to access a network of Kenswitch ATMs and…
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BUSINESS
I&M Group reports 44% increase in profit after tax in Q1 2022 results
I&M Group PLC has reported a 44% growth in Profit after tax to Kes 2.7 billion compared to Kes 1.9…
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News
Equity bank rolls out chatbot on WhatsApp, Facebook Messenger, and Telegram
Equity has introduced Equity Virtual Assistant (EVA), the Bank’s chat banking platform for WhatsApp, Facebook Messenger and Telegram. EVA chatbot will offer digital…
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News
I&M Bank and Mastercard roll out new credit and debit cards for corporate C-Suite professionals
I&M Bank Limited and Mastercard have rolled out several new world-class debit and credit cards targeted at corporate C-Suite professionals…
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Startups
Kenyan open finance infrastructure startup Credrails partners with Access Bank for future of finance in Africa
Access Bank has partnered with Kenyan women-led open finance infrastructure startup Credrails to develop open finance rails that will dramatically…
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News
Payment service provider i2c partners with Visa for fintech processing in the MENA region
US-based payment service provider i2c Inc has announced a new partnership with Visa as a fintech processor in the MENA…
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BUSINESS
57 percent of Africans do not hold any kind of bank account, BPC report
57 per cent of Africans do not hold any kind of bank account, including mobile money accounts. This is according…
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BUSINESS
Equity Bank Awarded for Leading in E-Commerce payment volumes
Equity bank has been honoured with two awards by Visa for leading in Visa generated volumes in 2021. The bank…
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BUSINESS
Equity adds some new features to its USSD service
Equity Bank has made some new updates to its USSD service (*247#). The bank says the newly updated USSD will…
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BUSINESS
Equity rolls out One Till Number platform, works with all mobile wallets
Equity has introduced a new product they are calling One Till Number. The product, a first in the Kenyan market,…
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BUSINESS
Ecobank partners with insurance companies to offer bancassurance to SMEs across Africa
Ecobank Group’s Commercial Banking business has partnered with a number of insurance companies to offer a range of Bancassurance solutions…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri: Cloud can help financial institutions improve customer experiences
The financial sector is one of those sectors that is benefiting massively from modern technologies like the cloud. The adoption…
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CLOUD
Microsoft supports Kenya’s financial services providers with tailored Cloud solutions
Microsoft has reaffirmed its commitment to assisting Kenyan financial services providers in their digital transformation by providing specialized Cloud solutions.…
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News
TUNDE OLADELE: How banks can leverage technology to rebuild and maintain a healthy credit portfolio
The defining issue in the success of a bank is the quality of its loans. Yet Covid has torn through…
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News
[This Week in Tech] Wapi Pay founders step down from their roles
This has been quite an interesting week in tech in Africa. We covered a number of great announcements here at…
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CLOUD
African Banks Turn to IBM Hybrid Cloud and AI Solutions to Accelerate Digital Innovation
IBM today announced that major financial institutions across Africa have selected its hybrid cloud and AI capabilities to unlock digital innovation.…
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