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Through this dual approach of physical presence and digital access, Premier Bank is positioning itself as a modern, accessible, and efficient banking option for Kenyans
The decision comes after the regional lender recorded a 38 per cent growth in net profit to Sh7.7 billion for the six months ending June 30, 2025
The fund will finance training and rehabilitation programmes, acquisition of equipment and machinery, and marketing of goods and services produced in prisons.
The feature is aimed at easing the challenge of coordinating calls, especially for large groups, community forums, friends in different time zones, or work-related meetings.
EPRA said the new rates, which apply from August 15 to September 14, 2025, were calculated in line with Section 101(y) of the Petroleum Act, 2019
The money was released following a settlement agreement reached in September 2024 after the national carrier defaulted on its debt
Ecobank Group CEO Jeremy Awori said the bank will continue targeting areas often overlooked by other players in the industry
The bank, which yesterday reported an 8.1 percent rise in net profit to Sh31.5 billion, will pay an interim dividend of Sh2 per share
CBK Governor Kamau Thugge credited the currency’s resilience to steady and diverse foreign exchange inflows, better investor confidence, and sound economic management
Three banks were also penalised for allowing an individual to own more than 25 per cent of the institution, in violation of Section 13 of the Banking Act.
Following closely are Kenyans with movement disabilities, whose phone use rose to 77.3 percent last year from 60.1 percent five years earlier.
The proposal to privatise KPC has been formally tabled in Parliament and handed to the joint committees on Energy and on Public Debt and Privatisation for detailed examination.
The report reveals that young people aged 25 to 34, often called Zillennials, have the highest Internet usage rate at 59.3 percent. This group benefits from a stronger financial position and the need to use digital tools for work.
According to Tala, the top reasons women borrow digital loans include meeting household expenses such as food and rent, paying school fees and buying supplies, supporting small business operations, and covering medical bills.
CS Mbadi told the Senate County Public Accounts Committee that the new arrangement will use the integrated financial management system to channel deductions to bodies such as the Kenya Revenue Authority, SACCOs and pension schemes before the funds reach counties.
Group Managing Director and CEO James Mwangi made the announcement while releasing the bank’s half-year results, saying the lender has appointed seasoned professionals to drive the crackdown and restore integrity across operations.
Oparanya pointed out that outdated data has limited the government’s ability to deliver precise assistance in key areas such as financing, market access, digital technology adoption, and climate resilience,
The funding aims to make energy-efficient, lower-cost housing accessible to low-income earners
The revised rates, unveiled on Thursday, will replace the 2012 charges for marine services, ship dues, stevedoring, shore handling, wharfage, storage, and general services
CEO Rishit Jhunjhunwala credits organic growth in key markets like Kenya, Egypt, Nigeria, Ghana and South Africa
Management credits this performance to stronger operational efficiency, tighter cost controls, and disciplined execution of its strategic plan.
According to the CBK, financial institutions are moving away from one-off evaluations and adopting continuous oversight frameworks that match evolving risk priorities and technological changes.
Prices for items will be determined through regular market surveys and locked in the system to prevent officials from approving inflated quotations
The launch comes as tech firms compete to dominate the AI chatbot market.
The bank will pay Sh3.80 per share for the six months to June, translating to a total payout of Sh1.5 billion, up from Sh726.8 million in the same period last year.
The move follows high-level discussions held between Kenya’s Cabinet Secretary for Agriculture Mutahi Kagwe, and his Zambian counterpart Reuben Mutolo
The US-based artificial intelligence company said ChatGPT will soon adopt a more supportive and reflective approach when users raise sensitive personal issues
Unlike digital loans that only become visible when someone is negatively listed, Hustler Fund was designed to help borrowers develop a visible and positive credit practice.
The PS pointed out that over Sh73 billion has been disbursed so far, reaching borrowers across the country, while more than Sh5 billion has been mobilised in savings.
A review of industry-wide data by the Central Bank of Kenya (CBK) shows that the overall weighted average lending rate across 38 banks dropped to 15.78 percent in June 2025, down from 16.81 percent in July 2024.