KCB Group Plc has announced plans to acquire a minority stake in Pesapal Limited (Pesapal). KCB Group General Counsel and Company Secretary, Bonnie Okumu, said the Group entered into an agreement with Pesapal on October 31, 2025. “We are delighted to inform our shareholders and the investing public that KCB Group Plc (KCB) has, on
The Central Bank of Kenya (CBK) has revealed why global oil prices decreased in the last week of October. In its weekly bulletin, CBK said the prices of global oil prices decreased from $66.85 (Ksh8637.02) on October 23, to $65.51 (Ksh8463.89) per barrel on October 30. CBK explained that the drop was due to oil
The Central Bank of Kenya (CBK) has released the Commercial Banks’ Average Interest Rates Report for September 2025, providing a detailed breakdown of lending and deposit rates across the country’s major financial institutions. The report offers crucial insights for borrowers and savers, showcasing how different banks are pricing credit in the face of economic shifts
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