With Airtel Money, paying for Kenya Power and Lighting Company (KPLC) tokens is easy and convenient, allowing you to top up your electricity meter right from your phone. Here’s a step-by-step guide to purchasing tokens. Step-by-Step Process Additional Tips This process ensures a smooth, fast, and reliable way to keep your meter topped up, without […]
By Mr James Gatere the Head of the I & M Foundation In a world where the job market is becoming increasingly unpredictable, the partnership between I&M Foundation, The King’s Trust International (KTI) and Asante Africa Foundation presents a powerful model for addressing youth unemployment through innovative and dynamic job creation strategies. This collaboration, formalized in the Enterprise […]
Shelter Afrique Development Bank (ShafDB), a leading Pan-African financial institution focused on housing and urban infrastructure development, has been honored with the “Pan-African Development Bank Leadership Award – A Pioneer in Housing Finance.” The award, presented during the 40th Anniversary Gala of the African Union for Housing Finance (AUHF) and the International Secondary Mortgage Market […]
Faulu Microfinance Bank, a subsidiary of The UAP Old Mutual Group, has been operating in Kenya since 1991. As of 2024, Faulu holds a 31.2% market share, making it the largest microfinance institution in Kenya. The bank offers a wide array of services, including savings, loans, MSME solutions, bancassurance, investment, and institutional banking, making it […]
Faulu Microfinance Bank, a subsidiary of The UAP Old Mutual Group, is the largest microfinance bank in Kenya, with a market share of 31.2%. Since its establishment, Faulu has expanded across the country, providing a wide range of financial products including loans, savings, and insurance services. With its head office located off Ngong Road along […]
Caritas Microfinance Bank, a deposit-taking microfinance institution, has been operational since June 2015. Owned by the Catholic Archdiocese of Nairobi, Caritas has steadily expanded its operations, providing various financial products, including savings accounts, current accounts, and loan facilities. The bank’s focus on ethical and community-centered banking makes it a trusted partner for individuals and small […]
Caritas Microfinance Bank is one of Kenya’s licensed deposit-taking microfinance institutions, having operated since June 2015. The bank is owned by the Catholic Archdiocese of Nairobi and has steadily grown its branch network to provide financial services to both individuals and small businesses. With a focus on financial inclusion, Caritas offers products such as savings […]
Kenya’s banking sector plays a pivotal role in driving economic growth, financial inclusion, and business development. To enhance transparency and monitoring, the Central Bank of Kenya (CBK) classifies commercial banks into three tiers based on their performance and market influence: Tier 1, Tier 2, and Tier 3 banks. The classification is determined by a weighted […]
The Central Bank of Kenya (CBK) classifies banks into three tiers based on a variety of metrics, including net assets, capital, reserves, customer deposits, and the number of loans and deposit accounts. Tier 2 banks are categorized as medium-sized banks and command a combined market share of 16.29%, according to the latest 2023 Bank Supervision […]
The Central Bank of Kenya (CBK) categorizes banks into three tiers based on their market size, which is determined by factors such as assets, capital, reserves, customer deposits, and loans. Tier 3 banks represent small banks, which command a combined market share of 8.4% according to the latest 2023 Bank Supervision Annual Report by the […]
