FINANCIAL

Open Banking Opens Up New Opportunities For Banks In The Region

NAIROBI, JULY 8TH 2020: African banks are well-positioned to embrace the opportunities created by Open Banking through transforming their offerings with innovative, agile and efficient solutions that will strengthen customer…

 
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Equity Bank Flags Off First Consignment of PPE’s to Public Hospitals Dealing with COVID-19

NAIROBI, 25TH JUNE 2020: Today the Kenya COVID-19 Fund Board flagged off the first consignment of locally manufactured PPEs to public hospitals in Kenya. In collaboration with the Ministry of…

 
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Kenya’s Post-COVID Economic Recovery Will Rely On Financial Sector Interventions

The post-COVID economic recovery of the country will greatly rely on interventions by the financial sector in helping businesses badly affected by the COVID-19 pandemic. The Central Bank of Kenya…

 
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Non-performing Loans Provision Drive Equity Profits Down 14% In First Quarter Results

NAIROBI, 28TH MAY 2020: Equity Group Holdings Plc released first-quarter results which-reflect the assessment the Group places in the uncertainty created by COVID-19. Profit before provisions was up by 10%…

 
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absa-ke

Absa Announces Sh 2.3 Billion Profit for First Quarter of 2020

NAIROBI, 27TH MAY 2020: Absa Bank Kenya PLC has on Tuesday reported a Normalised profit after tax of Kshs.2.3 billion for the period ended 31 March 2020, a growth of…

 
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Equity Group Withdraws Dividend Declaration Over Market Uncertainties

NAIROBI, 26TH MAY 2020: The Board of Directors of Equity Group Holdings Plc, the largest bank on the Nairobi Securities Exchange by market capitalization, has withdrawn its recommendation of a…

 
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Equity Bank To Restructure Up to Sh 92 Billion Worth Of Loans To Help Customers Deal With COVID-19 Effects

NAIROBI, 21ST MAY 2020: Equity Group has triggered a Business Continuity Plan (BCP) to protect its customers, staff, and business. The Group Board has evaluated the economic impact of the business…

 
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Equity Bank Invests In A Robust Channel To Drive Trade Finance

NAIROBI, 21ST MAY 2020: Equity has deepened its investment in technology and innovation in response to dynamic customer desires and the changing business environment to meet the emergent needs of…

 
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Healthcare Workers In Uasin Gishu Receive Personal Protective Equipment From Safaricom Foundation

ELDORET, 19TH MAY 2019: Safaricom Foundation, in partnership with local NGO, SPEAK, and Uasin Gishu County, has donated Personal Protective Equipment (PPEs) worth KES 1 million as part of efforts to support…

 
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Carrefour Partners With Red Cross To Support Communities In Kenya Impacted By COVID-19

NAIROBI, 11TH MAY 2020: Carrefour which is operated by Majid Al Futtaim in Kenya, launched a month-long donation campaign in partnership with the Kenya Red-Cross to assist communities in need, with donations. The donation will…

 
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