Kenyan central bank

Amid Kenya Power Struggle, IMF Says Investment Programme In Crisis

Jan 18, 2020. by Ekohot Editor

Hundreds of mismanaged infrastructure projects have stalled in Kenya and it will cost around $10 billion to revive them, the IMF said in a report whose findings point to a growing power struggle at the heart of government. Amid mounting public anger over ballooning state debt and a series of graft scandals, President Uhuru Kenyatta … Read more

Access Bank Fully Acquires Kenya’s Transnational Bank

Jan 18, 2020. by Ekohot Editor

How Access Bank Pitched A Winning Business Model To MTN – Aig-Imoukhuede

Access Bank, Nigeria’s top lender by assets has finally acquired Kenya’s Transnational Bank, the Kenyan central bank said on Friday. The deal is the latest in the East African nation’s banking sector, where a cap on lending rates, tougher supervision by the central bank and an over-proliferation of lenders has sparked a consolidation round in … Read more