Access Bank Plc is set to pay out an extra N1.29 billion (Sh370.85 million) to close associates of Daniel Moi, the late and former Kenyan president who served between 1978 and 2002.
Banking & Finance
Kenyan banks are now taking desperate measures to conserve capital, following what has been a truly challenging 2020.
A former President of the World Bank Group, James D. Wolfensohn, has died, the incumbent President of the Bank, David Malpass, confirmed on Wednesday, Nov. 25. The death of Wolfensohn, 86, comes about four months after his wife, Elaine, passed on. She died on August 19, 2020. In a statement[Read More…]
Some of Kenya’s biggest banks in said they have drastically cut down on their digital lending to customers. This follows the Central Bank of Kenya’s decision to put a hold on bank’s ability to list names of loan defaulters with the country’s Credit Reference Bureaus (CRBs).