A weak shilling increases the cost of imports as more local currency units are now needed to exchange for the hard currencies used in the international markets.
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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.
Branch International is the first mobile digital lender to acquire a majority stake (84.89 per cent) in a banking institution
UBA Kenya plans to double its branch network in the country to 10 by the end of 2023. “Before the…
Absa Bank Kenya has partnered with financial and payment card company Visa to launch a domestic and cross-border remittance service…
Remittance inflows increased 18.6 percent in the first 12 months of the current fiscal year. According to the Central Bank…
Nigeria’s biggest lender Access Bank Plc is set to acquire Centum Investment’s 83.4% stake in Kenyan lender Sidian Bank. “Centum…