Banking, Brands

MVisa Transaction Fees Scrapped Off

Local mVisa transaction fees have been scrapped off following a statement from Visa Group Country Manager Andrew Torre. This follows a partnership by Visa and nine Kenyan banks who will offer free person-to-person transactions. The nine banks include Barclays Bank, Cooperative Bank, Ecobank, Family Bank, KCB Bank, National Bank of Kenya, NIC Bank, Prime Bank,… Continue reading MVisa Transaction Fees Scrapped Off

Banking, Business

Safaricom becomes first Kenyan company to hit the Sh 1 trillion valuation milestone

Safaricom on Friday became the first company to hit the Sh. 1 trillion market capitalization in Kenya. This is after its stock on the Nairobi Securities Exchange climbed to hit an all time high of Sh. 25. The stock closed at Sh. 24.50 a piece. This gave it a market capitalisation of Sh.981.6 billion —… Continue reading Safaricom becomes first Kenyan company to hit the Sh 1 trillion valuation milestone

Banking

CBA Group set to acquire Crane Bank Rwanda

CBA has finally announced that it has signed a definitive Sale & Purchase Agreement (“SPA”) to acquire 100% of Crane Bank Rwanda from Uganda’s dfcu Bank Limited. In a statement, CBA said that the transaction is subject to regulatory approval by National Bank of Rwanda (BNR), Bank of Uganda (BoU) and Central Bank of Kenya… Continue reading CBA Group set to acquire Crane Bank Rwanda