The recent acquisition of 51 percent of the shareholding of SMEP Microfinance Bank PLC (SMEP MFB) by HOPE Advancement Inc. (HOPE) has sparked considerable interest and discussion within the financial sector. The Central Bank of Kenya (CBK) has officially confirmed this development, signifying a pivotal shift in the landscape of microfinance in the region. Let’s…
1.0 Commercial Banks’ Credit Officer Survey The latest survey by the Central Bank of Kenya (CBK) aimed to gauge the lending behavior within the banking sector across all eleven economic sectors. Queries revolved around credit demands, loan approval standards, non-performing loans, credit recovery efforts, and the implementation of International Financial Reporting Standards (IFRS) 9 on…
Standard Chartered Bank Kenya has introduced an exciting opportunity for Kenyan investors to explore offshore unit trust fund investments. This initiative opens up a gateway for retail investors to tap into the dynamic US, European, and Asian equities and bonds markets. Expanding Investment Horizons with Signature CIO Funds These innovative investment opportunities, known as the…
