The European Bank for Reconstruction and Development (EBRD) and the Co-operative Bank of Kenya have completed a US$50 million (€43.1 million) cross-currency swap to expand access to financing in Kenyan shillings. The transaction is the first of its kind to use the Kenya Shilling Overnight Interbank Average (KESONIA), Kenya’s new reference rate for financial transactions.
The Cooperative Bank of Kenya has announced the auction of 23 motor vehicles, with some units going for as low as Ksh 100,000. In a notice dated Wednesday, April 22, 2026, the bank invited bids for the sale of various vehicles across different categories and price ranges. Among the vehicles priced below Ksh 1 million
The Co-operative Bank of Kenya Limited has announced plans to restructure its operations into a non-operating holding company model. The change will take effect only after it secures approvals from shareholders and regulators. The Bank says the move is designed to strengthen efficiency and support long-term growth. The Board confirmed that the decision applies to
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