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Uhuru Bank Forecasts Economic Growth to Recover to 3.9% Next Year

Economists at NCBA say the recovery of the economy will also be dependent on how quickly business are able to reopen; how fast a vaccine is found and how fast government revenues pick up

Five banks sign up to pilot mobile loans app for MSMEs

Four banks have signed up for a mobile facility that would offer Micro, Small and Media Enterprises (MSMEs) loans at an interest of 9% per annum. The mobile credit scheme, known as Stawi, will initially be managed by Commercial Bank of Africa (CBA), Cooperative Bank...

KCB CEO Joshua Oigara to head bankers body

He takes over from Standard Chartered Bank CEO Lamin Manjang who served as Kenya Bankers Association chairman for two years

NIC Group records 9.2% drop in pre-tax profit

Lender reports a gross profit of Ksh 5.6 billion compared to Ksh 6.2 billion in 2016 mainly due to reduced interest income on loans and advance, election jitters and interest rates cap

NIC Bank bets on the Coast with four new branches

Group Managing Director John Gachora said the move was informed by the Bank's need to increase its footprint across the country and boost growth by increasing its customer base

NIC Bank pre-tax profit shrinks 9.3%

Lender records Ksh 2.92 billion profit, for the first half of 2017, compared to Ksh 3.22 billion the prior year