The number of non-bank firms registered with credit reference bureaus (CRBs) to start reporting credit status of clients increased by nearly half in 2018 compared with a year earlier, regulatory disclosures show. Central Bank of Kenya (CBK) had approved 2,118 voluntary data providers as at December 2018 compared with 1,434Continue Reading

The government’s move to scrap the amount payable to get the credit reference bureau clearance certificate, an employment prerequisite for fresh university graduates, is welcome. But a lot more needs to be done to meaningfully quash the hustle-rustle that ordinary Kenyan graduates endure when applying for jobs. By reducing theContinue Reading

I&M Bank  has joined the class of large banks after its market share grew by 0.54 percentage points, driven by new business from its acquisition of Giro Bank concluded in 2017. Its market share grew to 5.32 percent to rank ninth and surpass the five per cent mark used by theContinue Reading

The region’s largest lender KCB Group  has sent its digital team to Singapore to boost the development of financial technological (fintech) products that improve services to customers. The lender’s acting digital financial services and mobile banking head Alex Siboe said the mission is to inform future engagements with customers via newlyContinue Reading