… After buying into NCBA and Safaricom, they want more shares in Absa Bank Kenya, formerly Barclays Bank, which defined Kenya’s old money and status.I had an account at Barclays when I was younger and more innocent. …
Audio By VocalizeKimoi and Gideon Moi were in top shape as they guided their teams to victories as Absa Bank emerged as this year's Calvary Cup champions. …
… isitions and stake increases in Kenya over seven months, marking one of the biggest waves of South African investment in Kenyan blue-chip companies in recent years.This development follows Nedbank's acquisition of NCBA, Absa Group's plans to raise its ownership of Absa Bank Kenya …
Abdi Mohamed appointed I&M Bank CEO days after exit from Absa By Citizen Reporter June 29, 2026 06:08 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter Audio By Vocalize I&M Group has appointed Abdi Mohamed as Chief Executiv …
Absa Bank CEO Abdi Mohamed resigns By Roy Ouma June 29, 2026 11:22 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter Outgoing Absa Bank Kenya Managing Director and Chief Executive Officer, Abdi Mohamed. …
… About two months ago, Absa Kenya Foundation partnered with GIZ and AGF to launch Kenya’s first and largest CirculaRising Programme targeting MSMEs and SMEs that are women- and youth-led. …
Absa to raise Kenya unit stake via $238 million tender offer By Reuters June 21, 2026 09:08 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter Audio By Vocalize Absa Group said on Friday it plans to increase its stake in Absa …
Co-op bank, Absa launch Ksh.1B student funding scheme By Vincent Anguche June 17, 2026 03:55 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter Acorn Holdings CEO Edward Kirathe (center), Absa Bank Kenya MD and CEO Abdi Moham …
Audio By VocalizeCo-operative Bank Director Youth Financial Services Joel Kaba, Acorn CEO Edward Kirathe and Absa Bank CEO Abdi Mohamed during the launch of Zinduka Graduate Programme at Qwetu Karen in Nairobi, on June 17, 2026. …
The Independent Policing Oversight Authority (IPOA) told Milimani Law Courts that police officers from Parliament, KICC, Kamukunji and Kilimani Police Stations had failed to record statements on the circumstances surrounding Rex Kanyike Masai's death during the June 2024 anti-government protests, despite an existing court order.
The Independent Policing Oversight Authority (IPOA) told Milimani Law Courts that police officers from Parliament, KICC, Kamukunji and Kilimani Police Stations had failed to record statements on the circumstances surrounding Rex Kanyike Masai's death during the June 2024 anti-government protests, despite an existing court order.
A senior police officer testified in an inquest into the June 2024 shooting death of Rex Kanyike Masai that the National Police Service surveillance cameras in Nairobi's Central Business District were not operational at the time of the incident during anti-Finance Bill protests.
Kimani Operations Limited and Kimani Ventures Limited have filed a complaint with the Directorate of Criminal Investigations alleging that Absa Bank Kenya Limited engaged in fraud, collusion, and unlawful disposal of their properties used as security for loans advanced between 2021 and 2022. The complaint, led by lawyer Danstan Omari, seeks investigation into whether the auctions were genuine and if there was collusion between the bank, auctioneers, and companies that purchased the properties.
Kenya's banks are expected to disburse over Ksh.400 billion to SMEs by end of 2026, as the cost of credit eases following the Central Bank's monetary policy easing cycle. The CBK has signaled it will conduct on-site inspections of banks' credit pricing models starting March 2027.
Family Bank Group reported a 62 per cent rise in half-year profit after tax to Sh3.7 billion for the six months ended June 30, 2026, while larger rival Absa Bank Kenya posted a 10 per cent decline in interim earnings but declared a Sh2.72 billion interim dividend.
Rwanda's Celestin Nsanzuwera claimed the Absa Ruiru Invitational title after a flawless final round of 5-under par 65 to finish on 10-under par 200, securing his second Sunshine Development Tour – East Africa Swing title of the season.
Absa Bank Kenya has recorded Ksh.10.5 billion in profit after tax for the six months ended June 30, 2026, with customer assets increasing by eight per cent to Ksh.329.9 billion and customer deposits growing by five per cent to Ksh.380.7 billion.
The Chartered Institute of Procurement & Supply (CIPS) has opened its Kenya office in Nairobi, providing access to qualifications, membership, and professional development for procurement professionals and organisations in East Africa. CIPS Global CEO Ben Farrell said the organisation is committed to establishing a long-term presence in Africa and professionalising procurement across the continent.
Co-operative Bank of Kenya recorded half-year net profit of Sh18 billion, a 28 per cent increase from Sh14.1 billion a year earlier, driven by subsidiary revenues and an improving loan book despite economic headwinds in Kenya's banking sector.
A Nairobi court has allowed the National Police Service to call six additional witnesses and the Independent Policing Oversight Authority to present two more witnesses in the inquest into Rex Masai's death during anti-government protests, with expected testimony from representatives of institutions including IC3, Absa Bank, Makau Casino, Bliss Hospital and International Life House.
South African companies are increasing their stake in Kenya's financial sector through investments in NCBA, Safaricom, and Absa Bank Kenya, after previous retail ventures like ShopRite and Massmart failed in the market.
Absa Bank won the Calvary Cup by defeating Tarra Agility 6.5-5, while Kimoi led Tack Rack to victory in the Division Two Championship (Bwana Begg Trophy), beating Fe De Canter 5-1.
Three South African corporate giants have announced more than Sh400 billion in acquisitions and stake increases in Kenya over seven months, including Nedbank's acquisition of NCBA, Absa Group's increased ownership of Absa Bank Kenya, and Vodafone's increased stake in Safaricom, marking one of the biggest waves of South African investment in Kenyan blue-chip companies in recent years.
A Kenyan writer explores South Africa's paradox of xenophobia against African immigrants alongside significant Kenyan investment in blue-chip South African firms, arguing that underlying inequality rather than simple immigrant targeting explains anti-foreigner sentiment.
Abdi Mohamed has been appointed Chief Executive Officer of I&M Bank Kenya days after his resignation from Absa Bank Kenya, where he served as Managing Director and CEO for three years. The appointment is subject to approval by the Central Bank of Kenya.
Absa Bank Kenya Managing Director and Chief Executive Officer Abdi Mohamed has resigned effective June 30 after a three-year tenure, citing a desire to pursue other career opportunities. The bank's Board has appointed Chief Financial Officer Yusuf Omari as interim successor.
An opinion piece argues that Kenya's recent receipt of Sh90 million in climate disaster funding through the Santiago Network signals that climate finance is increasingly available, but flows only to institutions that demonstrate readiness. The author contends that financial institutions must position themselves to access this capital as climate impacts reshape livelihoods across the country.
Absa Group plans to increase its stake in Absa Bank Kenya to as much as 85% through a $238 million tender offer, offering 34.50 Kenyan shillings per share to buy shares from minority investors. The South African bank says Kenya is strategically important and intends to maintain the bank's Nairobi Securities Exchange listing after the transaction.
Co-op Bank and Absa have launched the Zinduka Graduate Enterprise Programme to improve access to student accommodation and provide business loans of Ksh.200,000 to Ksh.500,000 to eligible graduates, targeting support for 5,000 to 10,000 new enterprises annually.
Acorn Holdings, in partnership with ABSA Bank Kenya and Co-operative Bank Group, has introduced the Zinduka Graduate Enterprise Programme to provide university graduates with entrepreneurship training, affordable housing loans, and start-up capital ranging from Sh200,000 to Sh500,000, targeting between 5,000 and 10,000 new enterprises annually.
Co-operative Bank of Kenya has committed Sh1 billion to the "Zinduka" Graduate Enterprise Programme, a joint initiative with Acorn Holdings and Absa Bank Kenya that provides unsecured housing loans and startup capital (between Sh200,000 and Sh500,000) to university students. The programme aims to address a shortage of student beds and support 5,000 to 10,000 new businesses annually.
Angola's state oil company Sonangol has secured a $2.65 billion financing deal with a syndicate of foreign banks including Standard Bank of South Africa, Societe Generale, Absa, and First Abu Dhabi Bank to fund operational expenditure and capital investment. Sonangol is also in talks with Chinese financial institutions for a $4.8 billion loan to finance construction of a new refinery in the Atlantic port of Lobito.
An inquest into the death of protester Rex Masai heard that the lead investigating officer told the court detectives were unable to identify the firearm that fired the fatal bullet, citing lack of cooperation from police officers involved in the June 2024 anti-Finance Bill demonstrations.
The Kenya Bankers Association has called for deletion of proposed Withholding Tax on card transaction fees and a 16 per cent VAT on digital payment processing, warning the combined tax burden would increase total digital financial transaction costs and risk financial exclusion.
Former Industrialisation Cabinet Secretary Adan Mohamed was sworn in on Wednesday as Commissioner General of the Kenya Revenue Authority for a three-year term, replacing Humphrey Wattanga. His appointment has been challenged in court by Benard Opere on grounds that Mohamed had exceeded the retirement age of 60 years for public officers.
Co-operative Bank of Kenya reported a 21.3 per cent rise in net profit to Sh8.41 billion for the first quarter ending March 31, driven by a 13.6 per cent jump in operating income and contributions from non-banking subsidiaries. The bank was also named one of Africa's Fastest Growing Companies in 2026 by Financial Times.
The US–Israel–Iran conflict is straining the Strait of Hormuz, a critical global energy corridor, triggering volatility in energy prices and fuel supply disruptions in Kenya. Petroleum products account for roughly 20–25% of Kenya's total import bill, making the economy structurally exposed to geopolitical shocks in global oil markets.
Absa Bank Kenya has launched a revamped asset financing proposition to deploy Sh100 billion over three years to finance businesses and individuals, targeting key sectors including manufacturing, agriculture, trade and logistics, infrastructure, health and education.
The seventh Absa Kip Keino Classic at Nyayo National Stadium in Nairobi saw seven records broken, with Kenyans including Ferdinand Omanyala (men's 100m), Emmanuel Wanyonyi (men's 1500m), and Mercy Oketch (women's 400m) topping key races. The event introduced U20 categories for the first time and used wave-light technology to pace athletes.