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Faulu Microfinance Bank is a limited liability company duly incorporated in Kenya under the Companies Act. The company changed its name to Faulu Kenya Deposit Taking Microfinance (DTM) Limited in 2008 as part of the requirements to obtain the Deposit Taking Licence from the Central Bank of Kenya. In May 2009, Faulu became the first registered ...
In 2010, there were more than twenty large micro finance institutions in Kenya, which provided US $1.5 billion to approximately 1.5 million active borrowers. According to their gross loan portfolio, the five largest institutions are: Equity Bank Kenya has a market share of 73.50%, a gross loan portfolio of 924,993,804 Kenyan Shilling and ...
In 2010, Nyahururu was the site of an internationally reported incident in which police rescued a woman who was under threat of lynching after she shoplifted two Bibles from a supermarket. [5] In September, 2008, residents of the town were shocked to see a blanket of hail resembling snow covering their land following a thunderstorm.
The headquarters of Old Mutual East Africa Group are located in the 33-storey Old Mutual Tower, located on Hospital Road, in Upper Hill, Nairobi, about 3 kilometres (2 mi), southwest of the city's central business district. [2] The coordinates of the company headquarters are: 01°17'56.0"S, 36°49'10.0"E (Latitude:-1.298889; Longitude:36.819444).
Family Bank is a medium-sized commercial bank in Kenya. As of 31 December 2017, the bank's total assets were valued at KSh69.12 billion (approximately US$696 million), with shareholders' equity of KSh11.75 billion (approximately US$118.3 million). [3]
Overview. Opportunity Bank Uganda Limited was a Tier I Financial Institution (Commercial Bank), licensed by the Bank of Uganda, the central bank and national banking regulator. [2] [3] As of September 2019, the financial institution had total assets worth USh132 billion (US$36.3 million), [2] [3] with shareholders' equity of about USh28 billion ...
Erastus J.O. Mwencha. ( Chief Executive Officer ). [1] Equity Bank Kenya Limited is a Kenyan bank and financial services provider headquartered in Nairobi providing retail banking and commercial banking services. The bank is licensed as a commercial bank by the Central Bank of Kenya, which is the national banking regulator of Kenya.
Euro Bank Scandal. The Euro Bank Scandal is a scandal that in February 2003, caused a political storm in Kenya after the collapse of Nairobi Based Euro Bank. [1] This resulted in a loss of 1.4bn Kenyan shillings (£11.6m; $18m) which state organisations had deposited in the Bank.