One of the largest financial institutions in East Africa, providing banking and financial services.
The Battle to Control Africa’s Money: Mpesa Vs Banks Vs Fintech’s
The launch of M-Pesa in 2007 redefined financial transactions for millions of Africans. Telecom giants like Safaricom are competing with traditional banks and fintech startups for control of digital wallets.
Kenya to force large companies to back startups with their CSR funds
Kenya plans to compel large companies to allocate a portion of their CSR budgets to fund startups and innovators. The Kenya National Innovation Agency (KeNIA) is drafting a proposal for a national policy to channel CSR allocations into an innovation fund.
Access Bank Plc Completes Acquisition of National Bank of Kenya (NBK)
Access Bank Plc has formally completed its acquisition of National Bank of Kenya from KCB Group. NBK is now a wholly owned subsidiary of Access Bank Plc, strengthening its presence in Kenya.
Kenya’s Central Bank and Treasury approve Access Bank’s acquisition of struggling NBK
The Central Bank of Kenya and National Treasury approved Access Bank's acquisition of National Bank of Kenya. The acquisition is subject to approval from Nigerian authorities.
Access Bank in “advanced stages” to finalise National Bank of Kenya acquisition
Access Bank is in advanced stages of acquiring the National Bank of Kenya (NBK) from KCB Group. KCB Group CEO Paul Russo confirmed the acquisition is on track and included NBK’s performance in their 2024 results.
