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Access Bank Kenya
Access Bank Kenya (ABK), whose complete name is Access Bank (Kenya) PLC, formerly Transnational Bank Kenya PLC, is a commercial bank in Kenya. It is licensed and regulated by the Central Bank of Kenya, the national banking regulator. History TNB was established as a non-bank financial institution (NBFI) in 1984, under the name Transnational Finance Company (TNFC). TNFC provided loans, including lease-purchase arrangements to depositors and non-depositors. In 1985, following the issuance of a commercial banking license by the Central Bank of Kenya, the national banking regulator, the company began banking operations under its current name in Nairobi and Mombasa. At first other locations in the country continued to operate as TNFC offices. Between 1985 and 1996, all TNFC activities were merged with TNB and the TNFC brand was closed. The bank has one subsidiary; TNB Forex Bureau, located at Moi International Airport in Mombasa. The bank is also affiliated with Western Union, the Am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Access Bank Group
Access Bank Group is a financial services conglomerate, headquartered in Nigeria, with subsidiaries in Angola, the Democratic Republic of the Congo, Ghana, Ivory Coast, Kenya, Nigeria, Rwanda, The Gambia, Guinea, Cameroon, Sierra Leone, Malta, Mauritius, Morocco, Mozambique, Botswana, South Africa, Tanzania, Uganda, Zambia, France and the United Kingdom. The group also maintains representative offices in China, India, Lebanon and United Arab Emirates. In May 2023, the bank group opened an operational banking subsidiary in Paris, France. It is reported that the French subsidiary will first focus on funding trade finance between France and francophone Africa, before opening subsidiaries in French-speaking Africa. As of July 2021, the group serviced in excess of 42 million customers in Africa. After the merger of Access Bank Plc. and Diamond Bank on 1 April 2019, Access Bank plc, Access Bank Plc is now Africa’s largest bank by customer base, and the largest bank in Nigeria by as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Western Union
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Denver, Colorado. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, the company changed its name to the Western Union Telegraph Company in 1856 after merging with several other telegraph companies. It dominated the American telegraphy industry from the 1860s to the 1980s, pioneering technology such as telex and developing a range of telegraph-related services, including wire transfer, wire money transfer, in addition to its core business of transmitting and delivering telegram messages. After experiencing financial difficulties, it began to move its business away from communications in the 1980s and increasingly focused on its money-transfer services. It ceased its communications operations completely in 2006, at which time ''The New York Times'' described it as "the world's largest money-transfer business" and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1984
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Kenya
The economy of Kenya is market-based with a few state enterprises. Kenya has an emerging market and is an averagely industrialised nation ahead of its East African Community, East African peers. Currently a lower middle income nation, Kenya plans to be a newly industrialised nation by 2030. The major industries driving the Kenyan economy include financial services, agriculture, real estate, manufacturing, logistics, tourism, retail and energy. As of 2020, Kenya had the third largest economy in Sub-Saharan Africa, behind economy of Nigeria, Nigeria and economy of South Africa, South Africa. Regionally, Kenya has had a stronger and more stable economy compared to its neighboring countries within East Africa. By 2023, the country had become Africa's largest start-up hub by both funds invested and number of projects. The government of Kenya is generally investment-friendly and has enacted several regulatory reforms to simplify foreign and local investment, including the creation of a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Kenya
This is a list of commercial banks and other licensed credit institutions in Kenya, as updated mid-2023 by the Central Bank of Kenya. List of commercial banks * Absa Bank Kenya, Absa Bank Kenya PLC, part of Absa Group * Access Bank Kenya, Access Bank (Kenya) PLC, part of Access Bank Group * ABC Bank (Kenya), African Banking Corporation Ltd (ABC Bank) * Bank of Africa Kenya Ltd, part of Bank of Africa, Bank of Africa Group * Bank of Baroda (Kenya) Ltd, part of Bank of Baroda, Bank of Baroda Group * Bank of India (Kenya), Bank of India, part of Bank of India, Bank of India Group * Citibank N.A. Kenya, part of Citigroup * CIB Kenya, Commercial International Bank Kenya Ltd (CIB), part of Commercial International Bank, CIB Group * Consolidated Bank of Kenya, Consolidated Bank of Kenya Ltd, state-owned * Co-operative Bank of Kenya, Co-operative Bank of Kenya Ltd * Credit Bank, Credit Bank PLC * Development Bank of Kenya, Development Bank of Kenya Ltd, state-owned * Diamond Trust Bank (Ke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Centum Investment Company
Centum Investment Company Plc, commonly known as Centum is a public East African investment company. It operates as an affiliate of the Kenyan government-owned Industrial and Commercial Development Corporation (ICDC). Overview Centum is a publicly owned investment company with headquarters in Nairobi, Kenya. Its shares are listed on the Nairobi Securities Exchange (NSE), where they trade under the symbol ''CTUM''. The company shares are also cross-listed on the Uganda Securities Exchange (USE), where they trade under the symbol "CENT". Centum is an investment channel providing investors access to a portfolio of inaccessible, quality, diversified investments. Centum's mission is to create real, tangible wealth by providing the channel through which investors access and build extraordinary enterprises in Africa. As of March 2024 Centum's total assets were KSh 48,083,000,000 (US$371,230,000) with shareholder's equity of KSh41,042,000,000 (US$316,927,000). History ICDC was founded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sidian Bank
Sidian Bank, formerly known as K-Rep Bank, is a commercial bank in Kenya, licensed by the Central Bank of Kenya, the national banking regulator. Location The headquarters of Sidian Bank are located at K-Rep Centre, on Wood Avenue, in Kilimani, a neighborhood in Nairobi, the capital and largest city in Kenya. The coordinates of the bank's headquarters are: 01°17'26.0"S, 36°47'10.0"E (Latitude:-1.290556; Longitude:36.786112). Overview The bank is a medium-sized financial services provider, serving the urban and rural poor and small-to-medium business enterprises in Kenya. , the total assets of the bank were valued at KES:42.605 billion (US$322.832 million), with shareholders equity of KES:5.164 billion (US$39.126 million. The name Sidian is derived from Obsidian, an extrusive igneous rock. History Sidian Bank was founded in 1984 as K-Rep Bank, by Kimanthi Mutua who was then the Managing Director of Kenya Rural Enterprise Program (K-Rep). K-Rep was founded in 1984, by Fred O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The EastAfrican
''The EastAfrican'' is a weekly newspaper published in Kenya since 7 November 1994, by the Nation Media Group, which also publishes Kenya's national ''Daily Nation''. The ''EastAfrican'' also circulates in the other countries of the African Great Lakes region, including Tanzania, Uganda, and Rwanda. It contains stories and in-depth analysis from each country in the region, in addition to international stories. In 1993, the Nation Group's managing editor, Wangethi Mwangi, requested experienced British journalist Gerry Loughran to return to Kenya to establish a regional newspaper. Joined by future editor Joseph Odindo and future marketing manager Jerry Okungu, Loughran traveled to Nairobi, Mombasa, Kisumu, Kampala, Arusha, Dar es Salaam, and Zanzibar Zanzibar is a Tanzanian archipelago off the coast of East Africa. It is located in the Indian Ocean, and consists of many small Island, islands and two large ones: Unguja (the main island, referred to informally as Zanzibar) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock
Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all Seniority (financial), senior claims such as secured and unsecured debt), or Voting interest, voting power, often dividing these up in proportion to the number of like shares each stockholder owns. Not all stock is necessarily equal, as certain classes of stock may be issued, for example, without voting rights, with enhanced voting rights, or with a certain priority to receive profits or liquidation proceeds before or after other classes of Shareholder, shareholders. Stock can be bought and sold over-the-counter (finance), privately or on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
