blood banks Stories

Wajir residents urged to donate blood as shortage hits county referral hospital
Issa Hussein  |  Apr 25, 2025

The county government has now called upon members of the public to volunteer at the Wajir Satellite Blood Transfusion Centre that remains open Monday...

CBK, commercial banks disagree over benchmark for determining lending rates
Maureen Kinyanjui  |  Apr 24, 2025

The banks argue that after interest rate caps were introduced on interbank lending, the use of this rate as a base would be more responsive to market...

Haemophilia association calls for government funding to address treatment gaps
Maureen Kinyanjui  |  Apr 19, 2025

Haemophilia is a disorder where blood does not clot properly, leading to prolonged bleeding after injuries or surgeries.

CBK ends 10-year banking licence ban, sets Sh10bn capital threshold
Lucy Mumbi  |  Apr 16, 2025

Following the lifting of the moratorium, CBK said all new entrants will be expected to demonstrate their ability to meet the new minimum capital thres...

Banks navigate perfect storm to post Sh181bn in profits
Lucy Mumbi  |  Apr 14, 2025

This is an improvement from the Sh162.3 billion recorded during a similar period in 2023, underlining the sector’s ability to withstand economic press...

Banks face daily fines for non-compliance with CBK lending rate cuts
Maureen Kinyanjui  |  Apr 10, 2025

The CBK is determined to ensure that the reductions in the central bank rate benefit the broader economy, particularly in the private sector.

Ethiopia signs Sh231 million deal with UN Office for Project Services to upgrade blood storage capacity
Maureen Kinyanjui  |  Feb 14, 2025

Key components of the initiative include assessing, designing, procuring, installing, modifying, testing, commissioning, and handing over state-of-the...

Most Kenyans prefer digital banking as they seek better service and lower costs, KBA report shows
Charles Adinda  |  Feb 13, 2025

Financial exclusion continues to be a pressing issue, with 10.63 per cent of customers requiring special accommodations such as braille or screen read...

Central Bank pressures 13 banks to meet Sh10 billion core capital requirement
Maureen Kinyanjui  |  Feb 07, 2025

The move follows amendments to financial sector laws late last year when the President signed the Business Laws (Amendment) Bill into law.

Kenyan banks free to enter Ethiopian market after removal of foreign cap
Charles Adinda  |  Dec 18, 2024

Plans to liberalise the country's financial market began in June 2023 when Ethiopia unveiled plans to issue up to five banking licenses to foreign inv...

Relief for banks as MPs propose more time for raising minimum capital to Sh10 billion
Maureen Kinyanjui  |  Dec 04, 2024

Currently, banks must maintain a core capital-to-risk-weighted assets ratio of 10.5 per cent and a total capital-to-risk-weighted assets ratio of 14.5...

MPs slam banks for focusing on bonds while Kenyan MSMEs struggle
Maureen Kinyanjui  |  Nov 28, 2024

MPs accused banks of abandoning their role in supporting start-ups and small businesses in favour of the lucrative but less impactful investments in g...

Banks in developing economies doing poorly in climate funding - World Bank
Alfred Onyango  |  Sep 04, 2024

This is amid the substantial financing gaps in low-carbon, climate-resilient investments in emerging economies.

Banks post Sh7.4 billion decline in quarterly profit amid tough economy
Alfred Onyango  |  Aug 16, 2024

Gross loans decreased by 1.0 per cent from Sh4.1 trillion in March 2024, to Sh4.04 trillion in June 2024. 

Kenyan banks making strides in EAC as profits surge by 104% in a year
Alfred Onyango  |  Jul 22, 2024

The trajectory was attributed to the number of branches of the Kenyan bank subsidiaries growing year-on-year.

Banks given 3 years to comply with Sh10bn capital threshold
Alfred Onyango  |  Jun 24, 2024

The goal is to strengthen the banking sector's resilience and increasebanks' capacity to finance large-scale projects, Treasury Cabinet Secretary Njug...

Small banks face uncertainity in govt's plan to raise capital requirement ten times
Vincent Ombati  |  Jun 17, 2024

Kenya has nearly 39 licenced banks, and more than half of them may be affected by the CBK's new measure. Out of these, only 9 banks control the lion's...

KCB wins top lender award in digital banking and corporate social responsibility
John Mbati  |  May 27, 2024

The 2024 Think Business Banking Awards aimed to foster innovation, prudence and stability in the banking sector by recognising, awarding and celebrati...

Cut off by floods, Garissa residents panic-buy food and fuel
Issa Hussein  |  May 05, 2024

Business people in Garissa town say they are unable to restock their empty shelves as the Garissa-Nairobi highway has been cut off.

Thousands displaced in Garissa town after River Tana bursts banks
Issa Hussein  |  Apr 28, 2024

Residents of Bulla Punda, Kamor, Sheikh, Vumbi, Windsor, and Bulla Nyuki were forced to move to higher ground after the floodwaters engulfed their hou...

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