equity bank Stories

Court grants permission for Equity Bank to auction Moses Kuria's Kiambu property over Sh54m loan
Maureen Kinyanjui  |  Apr 08, 2025

The former Investments and Trade Cabinet Secretary did not contest the loan but explained that he had been unable to complete construction of the hous...

Report: East Africa to power Africa’s economic growth in 2025
Alfred Onyango  |  Apr 04, 2025

East Africa’s projection is an upgrade from 4.4 per cent in the previous year, with the lender backing agriculture and services sectors as the main dr...

Ethiopia Central bank rolls out bi-weekly forex auctions as reserves surge
Addis Standard  |  Apr 01, 2025

The decision to hold bi-weekly auctions followed discussions between NBE regulators and commercial bank executives on 31 March 2025 regarding foreign...

Kenya’s blood transfusion services face collapse as World Bank’s Sh2.7 billion support ends
Lucy Mumbi  |  Mar 31, 2025

The World Bank's support covered crucial aspects such as blood collection, testing for infectious diseases, processing blood components and digitalisi...

Judiciary warns against public debate on Dari Ltd, East African Development Bank legal case
Margaret Wanjiru  |  Mar 27, 2025

Tuju has publicly aligned himself with Dari Limited in its legal battle against the East African Development Bank (EADB), arguing that recent court ru...

Kenya not likely to attain debt sustainability until after 2029 – Treasury
Alfred Onyango  |  Mar 26, 2025

CBK data shows Kenya's public debt hit Sh10.027 trillion in the last week of June 2023, effectively breaching the then statutory debt ceiling which wa...

Banks face crackdown as CBK pushes for lower lending rates
Maureen Kinyanjui  |  Mar 26, 2025

CBK Governor Kamau Thugge revealed that the regulator has initiated onsite inspections to ensure banks reduce their lending rates in line with the low...

Banks raise loan margins as deposit rates decline
Maureen Kinyanjui  |  Mar 25, 2025

In February 2025 the lending margin rose to 6.65 percent, up from 6.59 percent in January and 6.44 percent in December.

Sudanese army seizes control over main headquarters of central bank, military sources say
Reuters  |  Mar 22, 2025

The takeover came a day after it seized full control of the presidential palace in what would be a major gain in a two-year-old conflict with the RSF...

Ethiopia licenses first investment banks, expands capital market services
Addis Standard  |  Mar 22, 2025

The newly licensed institutions include CBE Capital S.C. and Wegagen Capital Investment Bank S.C., both designated as investment banks.

CBK proposes new license fee structure for banks
Alfred Onyango  |  Mar 11, 2025

In the first year of implementation, CBK plans to set the rate at 0.6 per cent.

How former Equity Bank employee allegedly stole over Sh380 million in a month
Eastleigh Voice Reporter  |  Mar 02, 2025

According to Equity Bank, the dismissed employee made the fraudulent transfers between May 17, 2024 and June 14, 2024.

Investors welcome opening of Standard Investment Bank in Mombasa
Farhiya Hussein  |  Feb 28, 2025

The office, located at Nyali Centre on Links Road, marks SIB's second branch outside Nairobi as the bank celebrates its 30th anniversary this year.

Ikuje Garre, iteremke Modogashe! What are the facts in Ruto's claimed road project?
Barack Oduor  |  Feb 20, 2025

As some Kenyans, mostly the youth, criticise Ruto for making yet another promise, which they doubt he will keep, others have printed t-shirts with ill...

Over half of Kenya’s revenue to be consumed by debt repayment, Treasury report says
Maureen Kinyanjui  |  Feb 19, 2025

Constitutional commissions such as the National Land Commission, the Salaries and Remuneration Commission, and the Commission on Revenue Allocation wi...

Kenya’s loan spree: Government borrowed Sh23.83 million per hour in four months
Lucy Mumbi  |  Feb 17, 2025

The document reveals that the government secured 18 new loans from both bilateral and commercial creditors during the four months.

UN rights office condemns continuing Israeli military operation in West Bank
UN News  |  Feb 16, 2025

Many of those killed were unarmed and posed no imminent threat, said the UN rights office, calling the killings “part of an expanding pattern of Israe...

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