NCBA Bank has announced a substantial investment of nearly $31 million in 2023 to bolster its cybersecurity infrastructure. This significant expenditure underscores the bank’s dedication to safeguarding its digital assets and protecting customer data amid the escalating threat of cyberattacks.
Diamond Trust Bank proudly announces the grand opening of its 88th branch in Bondo. This new branch marks a significant milestone in DTB’s commitment to expanding its reach and enhancing banking accessibility across Kenya. The opening event was graced by H.E. Governor James Orengo of Siaya County, reflecting the strong partnership between DTB and the local communities.
Network International has significantly expanded its strategic partnership with Orabank, a leading Francophone African banking group, to enhance the bank’s prepaid and agent banking products. This expanded collaboration, announced yesterday, is set to revolutionize the banking experience for Orabank Group’s customers and accelerate the bank’s digital transformation journey.
ChitChat, a Zambian social commerce platform known for its built-in USD digital wallets, has partnered with Mastercard to launch new virtual debit cards designed to enhance cross-border payments. This collaboration marks a significant step in simplifying and streamlining financial transactions across borders.
Stanbic Bank Kenya is expanding its investment offerings with the launch of two new money market funds, designed to attract both retail and institutional investors. The new funds include the Stanbic Money Market Fund, which provides an impressive annual return of 15.12 percent, and the Stanbic Fixed Income Fund, which offers a yield of 5.56 percent.
Safaricom has emerged as the most admired brand in Kenya, according to a recent report by Capital Club and Brand Africa in partnership with Gina Din Group. This recognition underscores Safaricom’s leadership in mobile money, internet services, and voice and data communications, reinforcing its dominant position in the market.
Equity Group’s 2023 sustainability report reveals a substantial increase in social impact expenditure, totaling Sh101.8 billion, a notable rise from Sh72.7 billion in 2022. This impressive investment underscores the group’s commitment to driving sustainability across key sectors such as environmental conservation, education, and health.
President William Ruto has announced that Kenya has officially joined the Asian Infrastructure Investment Bank (AIIB) as a fully paid member. This significant development was confirmed following his meeting with AIIB President Jin Liqun at the bank’s headquarters in Beijing. The new membership opens avenues for Kenya to access concessional funding for a range of development initiatives.
