Revealed: Tanzanian firm set to acquire Nairobi-based cement maker, Bamburi for Sh23 billion
2024-07-12
A file photo of a Bamburi cementContinue Reading
Co-op Bank led by Gideon Muriuki secures $25.2 million to support women-owned businesses in Kenya
2024-05-04
Top Co-op Bank team led by its chief executive officer Gideon Muriuki during a past shareholders meeting.Continue Reading
APA takes over multi-billion police, prison officers’ medical cover from CIC
2024-04-02
APA Insurance is set to replace CIC Insurance as the lead insurer of the multi-billion shillings medical scheme for police and prison officers amid complaints about the slow pace of processing of claims. Business Daily reports In changes announced by Medical Administrators Kenya Limited (MAKL), which oversees the medical schemesContinue Reading
Revealed: Sacco’s on the spot for blocking member exits, stalling refunds
2024-04-02
A growing number of savings and credit cooperative societies (saccos) are blocking members from exiting and clinging to their deposits against their will, Business Daily reports quoting complaints filed with the Competition Authority of Kenya (CAK) show. Records show that in the year ended June 2023, the watchdog handled atContinue Reading
Why Co-op Bank has maintained Sh8.8bn dividend as profit rises 5pc to Sh 23.3 billion
2024-03-22
Co-operative Bank of Kenya has posted a 5.2 percent growth in net profit to Sh23.2 billion in the financial year ended December 2023 on increased income and reduced operating costs. The net profit grew from Sh22 billion posted in a similar period last year. The board has, on the backContinue Reading
Co-op Bank inks a deal with Isuzu East Africa, extends the repayment period
2024-03-15
Isuzu East Africa, CIC Group and Co-op Bank have entered into a partnership to provide businesses with a one stop shop for transportation, insurance and financial solution. The partnership guarantees business owners reliable motor vehicles, insurance and purchase finance. Senior executives from the three institutions led by Rita Kavashe, ManagingContinue Reading
With super profit and strong asset base, Co-op Bank now eyes 15 new Kenya branches in 2024
2024-03-15
Co-operative Bank of Kenya will open 15 new branches this year, continuing with the expansion of its physical outlets across the country despite the rising preference for digital services. William Ndumia, the director of retail and business banking, said many of the branches lined up are at various stages asContinue Reading
Why Co-op Bank continues to be ranked top in Customer Experience Survey by KBA and lessons other brands can pick from this
2024-03-07
The Co-operative Bank of Kenya has emerged as the leader in providing the best customer experience, surpassing its counterparts in the latest ranking by the Kenya Bankers Association (KBA). The bank secured the coveted No. 1 position in the Tier one category and was honored with the prestigious Best OverallContinue Reading
How Co-op Bank has been working with IFC to promote and sustain SMEs
2024-02-18
The bank in partnership with International Finance Corporation (IFC) has in the last three years been conducting research work to clearly understand the micro, small and medium enterprises (MSMEs). Consequently, the bank developed new solutions that not only meet their needs but also help them align with the existing andContinue Reading
Why Co-op Bank ranked first in Ksh100 Billion State Pension Deal
2024-02-18
The Co-operative Bank on this month of February landed a lucrative Ksh 100 billion deal as the custodian for contributions of pension funds. The latter was awarded by the Public Service Superannuation Scheme (PSSS), the deal will allow the bank to hold funds collected in pension schemes from over 350,000Continue Reading