Stanbic Bank Partners with US Firm for System Upgrade
Stanbic Bank has upgraded its core banking system to the latest version of Temenos 24, enhancing service delivery and efficiency for its customers.
Category: Banking & Fintech
Read More
NCBA Profit Rises 5% to Sh5.3B in Q1 2024
NCBA Group has reported a robust start to the year with a profit after tax of Sh5.3 billion in the first quarter of 2024, marking a significant increase from Sh5.1 billion in the same period last year. The growth was driven by improved operating income and a nearly 40 percent drop in credit loss provisions.
KCB Group Profit Rises 69% to Sh16.5B in Q1 2024
KCB Group has reclaimed its position as East Africa’s most profitable bank with an impressive 69% growth in net earnings for Q1 2024, reaching Sh16.5 billion. The bank’s robust performance underscores its resilience and strategic growth initiatives.
Visa’s Second Accelerator Program Shortlists 20+ African Fintechs
Visa has announced the startups shortlisted from across Africa to participate in the second cohort of its Africa Fintech Accelerator program. This 12-week program offers 1:1 mentorship and personalized training, providing seed to Series A startups with exclusive opportunities to access funding, development, and resources. The program reflects Visa’s commitment to fostering innovation and supporting the digital economy across the continent.
KCB Adopts Solar Energy in Response to the Frequent Power Outages
KCB Group is leading the way in sustainable banking by adopting solar energy solutions in its branches. The bank has successfully installed solar panels in two branches as a pilot project and plans to extend this initiative to 19 more branches by the end of 2025.
Ajay Banga , World Bank President , attends IDA Africa Summit
Dr. William Ruto, Kenya’s President, and World Bank Group President Ajay Banga advocate passionately for IDA21, emphasizing its transformative potential.
TotalEnergies Boosts Dividend with Profit Reaching Sh4.6B
TotalEnergies Marketing Kenya announces a 46.5% dividend increase, reaching Sh1.92 per share, totaling Sh336.1 million, reflecting increased profit in the fiscal year ending December 2023.
NCBA Invests in App to Expand Regional Presence
NCBA Group introduces ‘NCBA Now’ app to revolutionize digital banking experience in East Africa, offering real-time account monitoring, money transfers, and more.