SBM Holdings entered the Kenyan market in 2017 through acquisitions of Fidelity and Chase Bank
Browsing: BANKING & FINANCE
Dive into the pulse of East African banking and finance with Khusoko.com. Explore in-depth news, analysis, and insights on everything from financial regulations and fintech trends to industry mergers and central bank announcements.
The Kenyan shilling depreciated against the US Dollar by 2.5% in Q3’2022 to close at Kshs 120.7. This is in…
Since June 2022, Kenya’s headline inflation has trended above the 7.50% upper band statutory target owing to
elevated food and fuel costs. The inflation hit 8.5% in August from 8.3% in July.
The new rates, effective October 1, will see customers borrowing KES500-1000 pay a daily interest charge of KES6 down from KES10.
Shareholders of KCB Group have approved the proposed acquisition of the DRC-based lender Trust Merchant Bank SA (TMB). At the…
Financial instituions use technology to support their business processes, reduce costs, diversify income streams, and improve customer experience.