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Published on 13:16 GMT

Govt Gives Directive to New Banks After Lifting 9-Year Ban

The Central Bank of Kenya (CBK) has lifted the temporary suspension that the government had put in place on the licensing of new banks in the country. In a press statement released on Wednesday, CBK confirmed that the moratorium that had been in place …

Source: Kenyans.co.ke - Neutral
Published on 21:02 GMT

CBK to lift 10-year ban on licensing new banks in July 2025

CBK Governor Dr. Kamau Thugge before the National Assembly's Committee on Finance and National Planning in regards to the implementation of Central Bank Rate (CBR) at Bunge Towers, Parliament, Nairobi. March 25th, 2025 [Elvis Ogina, Standard] The …

Source: The Standard - Indeterminate
Published on 15:53 GMT

Kenya lifts ban on establishing new commercial banks

NAIROBI, April 16 (Xinhua) -- The Central Bank of Kenya (CBK) said on Wednesday that it has lifted a nearly decade-long ban on the establishment of new commercial banks in the East African country, effective July 1. The apex bank said in a statement issued …

Source: Xinhua News Agency - Gov't Propaganda
Published on 21:32 GMT

How banks are facilitating intra-Africa trade finance and cross-border transactions

The introduction of the African Continental Free Trade Area (AfCFTA) is a watershed moment in the development of intra-Africa trade. This ambitious trade treaty was created to establish a single market for goods and services across Africa, boost economic …

Source: The Citizen - Indeterminate
Published on 14:23 GMT

Govt Clarifies Use of Mineral-Rich Kenyan Land as Chinese Loan Security

Foreign Affairs Principal Secretary (PS) Korir Sing'oei has criticised Saboti Constituency Member of Parliament MP Caleb Amisi for comments he made alleging that the government was seeking a loan from China and using the Taita Taveta mineral fields as …

Source: Kenyans.co.ke - Neutral
Published on 15:04 GMT

Record profit for the Co-operative Bank of Kenya

The bank, which holds its AGM next month, says this is the best financial performance in its history The Co-operative Bank of Kenya has posted a record profit of KSHS 34.8bn in FY2024, up 7.5% on the previous year. The bank, which holds its AGM next month, …

Source: Co-Operative News - Neutral
Published on 14:56 GMT

Kenya secures $600 million in short-term financing for roads

Business Business Kenya secures $600 million in short-term financing for roads Close The East African nation has been struggling to fund development projects Updated On: Wed, 16 Apr 2025 19:52:23 PKT NAIROBI (Reuters) - Kenya has received $600 million in …

Source: Dunya News - Pending
Published on 08:13 GMT

UN Body Exposes Fake Jobs Scam Targeting Kenyans

The United Nations International Children’s Emergency Fund (UNICEF) on Wednesday, April 16, sent out a notice warning unsuspecting individuals of fake job offers within the organization. Through the notice, UNICEF detailed how fraudsters are seeking to …

Source: Kenyans.co.ke - Neutral
Published on 04:20 GMT

SBM Bank Kenya swings to Sh12.4m quarter 1 net profit

SBM Bank Kenya CEO, Bhartesh Shah, following a courtesy call by the Bank’s CEO to The Standard Group headquarters. SBM Bank Kenya, the Kenyan subsidiary of the Mauritius-headquartered SBM Holdings Group, has outlined strategies to enhance its offering to …

Source: The Standard - Indeterminate
Published on 00:53 GMT

Kenyan neurosurgeon shares how mobile phone landed him a life sentence

Dr Clement Munyau Katiku, a former neurosurgeon at Kenyatta National Hospital, is serving a life sentence at Kamiti Maximum Prison Clement bought a used mobile phone for KSh 2,000 from a mortuary attendant intending it as a gift for his daughter He stated …

Source: TUKO - Neutral
Published on Apr 15, 2025

MP Ndindi Nyoro warns Kenya on the brink of defaulting as debt burden hits Ksh.11 trillion

Kiharu Member of Parliament Ndindi Nyoro has raised the red flag, warning that the country is in a debt crisis and could soon join Africa's debt defaulters club. Speaking at the Institute of Public Finance annual budget review, the former Budget and …

Source: Citizen TV Kenya - Indeterminate
Published on Apr 15, 2025

Banks Harness Trust to Navigate Fintech Disruption

As fintech firms and mobile money platforms reshape financial services with rapid innovation, traditional banks are leaning into their enduring advantage: consumer trust. Amid a landscape where digital startups offer speed and convenience, institutions …

Source: News Ghana - Indeterminate
Published on Apr 15, 2025

Kenya turns to private investors to stay competitive amid growing regional port rivalry

Kenya is turning to private investors to help develop and run two key seaports along the Indian Ocean, in a bid to stay competitive amid growing regional rivalry. According to the Treasury’s website, the government is seeking advisers to structure public- …

Source: Business Insider Africa - Neutral
Published on Apr 15, 2025

Kenyan bankers partner with UK Institute to bolster credit risk management

Dr Samuel Tiriongo, Director, Research & Policy at the Kenya Bankers Association Peter Gitau, Training Co-Ordinator, Kenya Bankers Association Institute; Kimacia Gitau, CISI Regional Representative; Bernice Onyango, Manager, Kenya Bankers Association …

Source: The Standard - Indeterminate
Published on Apr 15, 2025

Access Bank gets approval to acquire 100% equity stake in Bank of Kenya

Access Bank, a subsidiary of Access Holdings Plc, has secured approvals from the Central Bank of Kenya (CBK) and Kenya’s National Treasury and Economic Planning for the acquisition of 100% shareholding of the National Bank of Kenya (NBK). According to a …

Source: Business Hallmark - Neutral
Published on Apr 15, 2025

So Telcos might want to become banks: What is the threat to banks and how should banks rethink the future of retail ...

By Ethel COFIE Months ago, I wrote an article speculating on what it would look like if MTN Ghana obtained a banking license. I followed it up with a piece exploring how fundamentally cross-border payments across Africa would change if telcos like MTN and …

Source: Business and Financial Times - Pending
Published on Apr 15, 2025

Village elders near recognition as Kenyans share views

Kenyans follow proceedings in Meru County. [NGAO, X] Countrywide public participation forums were held today across the eight former provinces to collect citizens’ views on the proposed formal recognition of village elders. Although village elders have …

Source: The Standard - Indeterminate
Published on Apr 15, 2025

Access Bank acquires National Bank of Kenya to boost East African footprint

Access Bank, Nigeria’s biggest bank by total assets, has outrightly acquired National Bank of Kenya Limited (NBK from KCB Group PLC (KCB Group), further deepening its East African footprint. As part of the transaction, CBK, on April 4, 2025, further …

Source: Business Day - Neutral
Published on Apr 15, 2025

Recapitalisation: CBN cautions banks against illicit funds

The Central Bank of Nigeria has warned deposit money banks to avoid raising capital from illicit sources as part of the ongoing recapitalisation exercise. The apex bank said the measure was necessary to preserve financial system stability and ensure that …

Source: Punch - Indeterminate

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Published on April 16, 2025 - 10:47 GMT

Ascribe Partners with OBA and Synergy By Association to Deliver Customized Valuation Solutions to Oregon Banks

Partnership helps banks reduce risk, streamline operations, and access compliant, nationwide valuation and inspection services—even beyond their core markets CHICAGO, IL, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Ascribe, a leading …

Distribution channels: Banking, Finance & Investment Industry ...
Published on April 16, 2025 - 13:23 GMT

Global Banking Group Abandons Climate Goal to "Well-Below 2°C"

(MENAFN) The Net Zero Banking Alliance, an international consortium of top financial institutions, announced on Tuesday a significant change to its climate policy. Previously, member banks were expected to align their financing, investment, and capital …

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Published on April 16, 2025 - 21:15 GMT

Record First Quarter Highlights the Stability of HOMB; Strength Is No Accident

CONWAY, Ark., April 16, 2025 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) (“Home” or the “Company”), parent company of Centennial Bank, released quarterly earnings today. Quarterly Highlights Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Net …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on April 16, 2025 - 20:30 GMT

Farmers & Merchants Bancorp (FMCB) Reports Increase in First Quarter 2025 Earnings Over Prior Year

First Quarter 2025 Highlights Net income of $23.0 million, or basic earnings per share of $32.88 and diluted earnings per share of $32.86; diluted earnings per share up 9.9% compared to the fourth quarter of 2024 and up 7.6% compared to the first quarter …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...

Published on April 16, 2025 - 19:45 GMT

Union Bankshares Announces Earnings for the three months ended March 31, 2025 and Declares Quarterly Dividend

MORRISVILLE, Vt., April 16, 2025 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months ended March 31, 2025 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended …

Distribution channels: Banking, Finance & Investment Industry ...
Published on April 16, 2025 - 18:08 GMT

Logansport Financial Corp. Reports Net Earnings for the Quarter Ended March 31, 2025

LOGANSPORT, Ind., April 16, 2025 (GLOBE NEWSWIRE) -- Logansport Financial Corp., (OTCBB, LOGN), parent company of Logansport Savings Bank, reported net earnings for the quarter ended March 31, 2025 of $377,000 or $0.61 per diluted share, compared to …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on April 16, 2025 - 19:38 GMT

AgriDex Launches The All-in-One Solution for Agricultural Payments

London, UK, April 16, 2025 (GLOBE NEWSWIRE) -- AgriDex, a global marketplace for agriculture, launches Loam, a next-generation payments platform to transform cross-border transactions in the agricultural sector. Loam leverages digital payments powered by …

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Published on April 16, 2025 - 19:50 GMT

Janover Partners with BitGo to Accelerate SOL Accumulation via Locked Token Markets

BOCA RATON, FL, April 16, 2025 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq: JNVR) (“Janover” or the “Company”) announced today that it has partnered with BitGo, a leading crypto infrastructure provider offering trading, staking and qualified custody, to …

Distribution channels: Environment, Real Estate & Property Management ...

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Published on April 16, 2025 - 21:54 GMT

Tariff Relief Program for Small Businesses in Richmond BC

The government of Canada is providing support programs for small businesses and other critical industries to alleviate financial pressure from Trump tariffs. RICHMOND, BRITISH COLUMBIA, CANADA, April 16, 2025 /⁨EINPresswire.com⁩/ -- With Canadians …

Distribution channels: Agriculture, Farming & Forestry Industry, Banking, Finance & Investment Industry ...
Published on April 16, 2025 - 21:09 GMT

Akelos Receives Australian Patent Allowance on Lead Compound, AKE-1018

Akelos -1018 for Chronic Neuropathic Pain NEW YORK, NY, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Akelos Receives Australian Patent Allowance on Lead Compound, AKE-1018 Patent Covers Inventions Licensed from Weill Cornell Medicine …

Distribution channels: Banking, Finance & Investment Industry, Culture, Society & Lifestyle ...
Published on April 16, 2025 - 21:04 GMT

Fortaris Capital Advisors Welcomes Steve Familo, Managing Director

Steve Familo Joins Fortaris Capital Advisors as Managing Director Amid Rapid Firm Growth BOSTON, MA, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Fortaris Capital Advisors, the fastest-growing corporate investigations firm in the United …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on April 16, 2025 - 20:55 GMT

NAPIA Offers Support to Northern Michigan Residents Affected by Severe Winter Storms

GAYLORD, MI, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Northern Michigan has recently endured a series of severe winter storms, including significant ice storms and heavy snowfall, leading Governor Gretchen Whitmer to declare a state …

Distribution channels: Banking, Finance & Investment Industry, Insurance Industry ...
Published on April 16, 2025 - 20:44 GMT

Dr. Jamal H. Bryant and The JHB Movement to Host Strategic Town Hall Revealing the Next Phase of the TargetFast Movement

STONECREST, GA, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- As national momentum continues to build around the TargetFast movement, Dr. Jamal Harrison Bryant, Senior Pastor of New Birth Missionary Baptist Church and founder of The JHB …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on April 16, 2025 - 19:38 GMT

Balfour Capital Group Partners with Fundstream

Hedge Funds, Investments, Trading YVERDON-LES-BAINS, SWITZERLAND, April 16, 2025 /⁨EINPresswire.com⁩/ -- Balfour Capital Group Partners with Fundstream to Launch Institutional-Grade Real Estate Credit Investment for High-Net-Worth Individuals …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on April 16, 2025 - 19:05 GMT

Pathfinder Wealth Consulting CEO Jason Wheeler Named to Forbes’ 2025 Best-in-State Wealth Advisors List

WILMINGTON, NC, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Pathfinder Wealth Consulting, an independent advisory and financial planning firm with offices in Wilmington and Cary, North Carolina, today announced that CEO and Wealth Advisor …

Distribution channels: Banking, Finance & Investment Industry ...
Published on April 16, 2025 - 19:00 GMT

William H. Sadlier, Inc. Announces Dividend

Sadlier declares $1.50/share dividend, payable May 15, 2025, to shareholders of record as of April 23, 2025. A leader in K–12 educational publishing. William H. Sadlier, Inc. (NASDAQ:SADL) NEW YORK CITY, NY, UNITED STATES, April 16, 2025 /⁨ …

Distribution channels: Banking, Finance & Investment Industry, Book Publishing Industry ...
Published on April 16, 2025 - 19:00 GMT

FactorEvo Group Holdings Launches Trucker Copilot: The All-In-One AI-Driven Freight Finance Platform

FactorEvo launches Trucker Copilot, an AI-driven mobile platform that streamlines freight finance, turning 3-day invoice workflows into 3-minute processes. WINTER GARDEN, FL, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- FactorEvo Group …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on April 16, 2025 - 18:44 GMT

Under the Patronage of Prince of Madinah Region, AlBaraka Symposium on Islamic Economics Kicks Off 45th Edition Tomorrow

A Leading Forum for Islamic Economic Thought for more than 4 Decades MADINA, SAUDI ARABIA, April 16, 2025 /⁨EINPresswire.com⁩/ -- Under the auspices and presence of his royal highness Prince Salman bin Sultan bin Abdulaziz, prince of Madinah …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on April 16, 2025 - 18:19 GMT

Magnificent Mediterranean Villa on Gibson Island Heads to Auction with Concierge Auctions

Exceptional 14,000-Square-Foot Estate with Sweeping Chesapeake Bay Views to Auction in Cooperation with Sarah Kanne of Gibson Island Real Estate, Inc. NEW YORK, NY, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- A rare opportunity awaits …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on April 16, 2025 - 18:00 GMT

IBN Technologies Introduces Advanced Invoice Process Automation for Tennessee Businesses

Tennessee businesses streamline AP with IBN's Invoice Process Automation. Reduce costs, errors & processing time. MIAMI, FL, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Small and mid-sized businesses in Tennessee are under …

Distribution channels: Banking, Finance & Investment Industry ...
Published on April 16, 2025 - 18:00 GMT

What Tax Network USA Complaints Really Mean in Case Management

At Tax Network USA, “complaints” mean IRS changes — not client issues — prompting swift compliance reviews and adaptive case strategies. ENCINO, CA, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Within Tax Network USA’s internal systems, …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on April 16, 2025 - 17:58 GMT

From RAG to Bento Box: Raghu Para Redefines Enterprise AI with Strategic, Scalable Design

Raghu Para introduces a scalable, design-first AI framework, turning complex RAG systems into streamlined enterprise solutions. NEW YORK, NY, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- In a wide-ranging interview with AI Time Journal, …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on April 16, 2025 - 17:57 GMT

Zuper Named an IDC Innovator for Field Service Management Applications

SEATTLE, WA, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Zuper, a leader in intelligent field service management solutions, has been named an IDC Innovator in the IDC Innovators: Field Service Management Applications, 2025 (doc # …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on April 16, 2025 - 17:51 GMT

Generation Digital Expands into Canada to Power AI-Driven Collaboration and Productivity

Launching June 2025, Generation Digital brings AI-led collaboration tools to Canada, helping businesses boost productivity and performance. TORONTO, CANADA, April 16, 2025 /⁨EINPresswire.com⁩/ -- Generation Digital, the UK-based technology consultancy and …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on April 16, 2025 - 17:44 GMT

ICCU and Stukent Announce Renewed Commitment to Expand Financial Literacy Across the West

ICCU and Stukent expand their partnership to bring free, hands-on financial literacy tools to 500K students across the western U.S. POCATELLO, ID, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- ICCU and Stukent®, a leading edtech provider …

Distribution channels: Banking, Finance & Investment Industry, Culture, Society & Lifestyle ...
Published on April 16, 2025 - 17:35 GMT

Mangrove Property Insurance Assumes Approximately 30,000 Policies From Citizens Property Insurance

Reflects an 86.4% Acceptance Rate of Policies Selected ST. PETERSBURG, FL, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Mangrove Property Insurance (Mangrove), one of Florida’s newest admitted homeowners insurance carriers, has …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on April 16, 2025 - 17:31 GMT

Elphi Launches New Borrower Point of Sale, Enhancing Its End-to-End Mortgage Origination Platform

Elphi expands its proven LOS with a new Borrower POS - delivering private lenders a powerful, end-to-end platform to streamline loan origination. NEW YORK, NY, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Elphi, a leading mortgage loan …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on April 16, 2025 - 17:23 GMT

From Advocacy to AI: What’s Powering the Next Era of CFIs—Live at EMERGE 2025

Eltropy’s annual conference, April 22-25, puts spotlight on contact center innovation, power of platform and new strides in AI technologies including AI Voice SANTA CLARA, CA, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- Eltropy, the …

Distribution channels: Banking, Finance & Investment Industry, Companies ...