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Dubai Bank (K) Limited

Biz Directory

Dubai Bank (K) Limited is a major commercial bank of Kenya, with the initial licence having been granted in 1982. The main branch at Kenyatta Avenue in Nairobi was originally ...

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The future of banking in Kenya 03 Jun 2010

Lifestyle

The face of Kenya’s banking sector continues to change with much of the focus on reaching the un-banked population. And Kenya has recently amended the law, allowing banks to use  agents to distribute their services.  This has led to partnerships between banks and the mobile telecommunications industry to gain some of the bounty. Safaricom’s M-Pesa, used by some 10 million people, has opened the eyes of banks who have adopted the stance if you can’t beat them, you had better join them.  M-Kesho, launched by Equity Bank and Safaricom, is providing M-Pesa and Equity bank members with the opportunity to bank and obtain small loans (up to Kshs.5,000) without stepping into a bank.  Users will also have access to savings & insurance facilities. The very concept has opened the doors for banks to reach customers without having to expand costly branch networks. Mobile banking has effectively entered the territory of traditional suppliers of small loans such as micro financiers and SACCO’s.  Whilst some micro financiers have in turn  crossed over into banking. The Women’s small scale supplier of loans Kenya Women’s Finance Trust (KWFT) was granted a banking license to take deposits in April this year. The new bank announced plans to ‘operationalise’ twenty branches within the first year, presumably with the aim of creating a clear physical presence as a bank. With over 60% of the population outside of the formal banking system, ways of capturing more of this market will no doubt continue to sprout in the country.  Althea McCourt ABIS Limited

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The future of banking in Kenya 03 Jun 2010

Lifestyle

The face of Kenya’s banking sector continues to change with much of the focus on reaching the un-banked population. And Kenya has recently amended the law, allowing banks to use  agents to distribute their services. 

/lifestyle/the-future-of-banking-in-kenya-2

CBK Intervenes After High Inflation Figures 07 Jul 2011

Lifestyle

Kenya’s Central Bank (CBK) this week finally intervened through monetary policy in a bid to halt the rising rate of inflation, which stood at 14.5% in June, and to strengthen the beleaguered Kenyan shilling.

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Bank of Africa Kenya

Biz Directory

BOA-KENYA was set up in July 2004 after the Group's acquisition of a subsidiary of a French bank. This new entity marked the starting point for the BOA Group in ...

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Imperial Bank

Biz Directory

Imperial Bank commenced operations as Imperial Finance and Securities Company Limited in March 1993. We became a fully fledged commercial bank in January 1996. Ranked amongst the top 10 Banks ...

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Kenya stock market update 03 Feb 2011

Lifestyle

Kenya’s stock market had a comparatively good year in 2010. The NSE 20 Share Index rose by 36%. This was the second highest in Africa, behind Uganda.  Turnover increased by 189% (Kshs.110bn).

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Kisumu Beach Resort

Biz Directory

A family run eco-friendly hotel situated on the banks of Lake Victoria. Away from the hustle and bustle of downtown Kisumu, at KBR you'll be surrounded by lush green lawns, ...

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CfCStanbic Bank

Biz Directory

CfC Stanbic Bank, which is part of the Standard Bank Group Limited, is now the fourth largest bank in Kenya measured by total assets. The bank, with its head office ...

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Kenya’s very healthy banking sector 03 Mar 2011

Lifestyle

Kenya’s banking industry is so far reporting lucrative returns for 2010 and bumper bonuses will likely be paid to staff and senior management. Kenya Commercial Bank reported a 75% increase in profits after tax and exceptional items, followed by NIC  Bank with a 73% rise. Equity Bank announced a 70% increase, and Barclays Bank recorded a 51% rise. Although there is little disclosure on the size of the senior management bonus payouts, bonuses of 1 -2 months’ salary is generally expected for most employees.

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Patterson's Safari Camp

Biz Directory

Tucked away on the banks of Athi River in Tsavo East National Park, Patterson's Safari Camp is the perfect escape for an extended bush stay, a stop en route in ...

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Kenyan shilling hits new low as calls for intervention grow 22 Jun 2011

Lifestyle

The Kenyan shilling hit a new record low this week following days of successive lows. Falling to 91.45 against the US dollar, this is the lowest since the removal of price controls in 1993. The central bank sent in auditors to assess currency dealings in commercial banks, looking for any irregular trading.

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Fina Bank

Biz Directory

As the preferred Regional Business Bank, Our Mission is: is to be the leading business bank across East Africa, delivering excellent customer service through highly motivated teams and a rewarding ...

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Commercial Bank of Africa

Biz Directory

CBA is the largest privately owned Kenyan bank, whose primary focus is Corporate and Institutional banking. Our efforts and resources are channelled towards providing an efficient, personal and stress free ...

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African Banking Corporation

Biz Directory

The bank is a rare combination of experienced, qualified and professional staff. This approach provides for innovativeness, dynamism and passion displayed by the ABC Bank team providing inspiration and the ...

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Kimana Camp Masai Mara

Biz Directory

Kimana Camp is situated on the banks of Sekenani River 2kms from Sekenani Gate within the Maasai Mara National. The camp is within a small, cool and serene environment surrounded by the woodland.

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Standard Chartered Bank Kenya

Biz Directory

Standard Chartered Bank Kenya offers a wide range of Credit Cards, Bank Accounts and various Loans along with Insurance, Investments and other Wealth Management options including SME banking and much more.

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Maasai Mara - House in the Wild

Biz Directory

Set on the banks of the Mara River, House in the Wild is a totally private guest house on the edge of the Maasai Mara. It sleeps 6 and has ...

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Elsamere Lodge

Biz Directory

Elsamere lodge is a haven for lovers of nature, set in Acacia forest on the banks of Lake Naivasha in Kenya’s Rift Valley. It cuts across the lawns to Lake ...

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