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Sam Muturi’s decisive leadership has steered Consolidated Bank from a decade of losses to a Sh21.4 million profit. His turnaround strategy focused on cost-cutting, digital banking,...
Public feedback on the draft CBK regulations will be accepted until September 5, 2025. The proposals replace the term “digital lenders” with the broader “non-deposit-taking credit...
June peace deal with Rwanda boosts investor confidence Troop withdrawal and economic corridor plans lay the groundwork for U.S. mining investment. Analysts call it a turning...
Efforts to stabilize cobalt prices are backfiring for producers. Glencore warns a large chunk of output could sit idle if the export freeze continues.
Banks now receive $500M per month in FX Expanded FX supply aims to rein in parallel market distortions and bolster liquidity.
Ethiopia’s Zemen Bank Makes Regional Move Founded in 2008, Zemen Bank launches its first international branch in Djibouti. The strategic move signals Ethiopia’s growing regional banking...
Uganda Development Bank to spearhead inclusive finance dialogue. UDB targets new investment models to plug the country’s $36 billion SDG financing gap by 2030.
The initiative is expected to bring artisanal miners into the formal economy. It will also help curb illicit gold exports and increase transparency.
Kenyan banks are restructuring loans worth over KSh 132B amid rising defaults. Lending criteria have also been significantly tightened.
Stanbic Bank profit slips to KSh 6.54bn in H1 2025. Rising expenses and reduced net interest income drove the 9.3% drop in EPS.
