Wed, December 4, 2024

[ Wed, Dec 04th 2024 ]: Bill Williamson

Indosuez appoints new CEO for Asia

[ Wed, Dec 04th 2024 ]: Bill Williamson

Ecuador sets second debt-for-nature swap in motion

[ Wed, Dec 04th 2024 ]: Bill Williamson

Bank Leumi speaks your language: Stop translating - start banking!

[ Wed, Dec 04th 2024 ]: Bill Williamson

Britain and Qatar to sign MoU boosting fintech and green finance ties

[ Wed, Dec 04th 2024 ]: Bill Williamson

Norway should begin process of divesting Russian assets, central bank says

[ Wed, Dec 04th 2024 ]: Bill Williamson

Finance executive, Elijah Oyeyinka advocates for .. c reforms to strengthen Nigeria's capital markets

[ Wed, Dec 04th 2024 ]: Bill Williamson

Aditya Birla Capital invests Rs 300 crore in housing finance arm

[ Wed, Dec 04th 2024 ]: Bill Williamson

Saving less than $197 a month forces me to leave HCMC and return to my hometown

[ Wed, Dec 04th 2024 ]: Bill Williamson

Britain, Qatar to sign agreement on financial services

[ Wed, Dec 04th 2024 ]: Bill Williamson

Tax laws amendment bill: list of key changes MPs have proposed after public participation

[ Wed, Dec 04th 2024 ]: Bill Williamson

Box Reports Fiscal Third Quarter 2025 Financial Results

[ Wed, Dec 04th 2024 ]: Bill Williamson

Parliament session LIVE news updates: Lok Sabha, Rajya Sabha set to reconvene at 11 am

[ Wed, Dec 04th 2024 ]: Bill Williamson

What is the maximum and minimum tenure for personal loans?
Tue, December 3, 2024

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Holiday Office Party Taxes: Know Before You Go

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Small business owners brace for Trump's proposed tariffs

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Mar Vista Focus Strategy's Q3 2024 Investor Letter

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Tax Laws Amendments: List of Key Changes MPs have Proposed after Public Participation

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Why these 2 billionaire-led crypto plays stand out as buys: Analyst

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Will Elon Musk Ever Collect His Full Tesla Pay Package?

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Mondel?z International Names Volker Kuhn Executive Vice President for Europe

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Boubyan Bank completes MX.3 implementation for sharia-compliant treasury activity

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Dentsply Sirona Appoints Herman V. Cueto Interim Chief Financial Officer

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Montage Health appoints Michael McDermott as new president and CEO

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Comment: Our future depends on biodiversity, we must invest in it urgently

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Canada's Scotiabank misses profit estimates on higher taxes, expenses

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Trade finance fintech Modifi to invest more in Indian operations

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Karnataka HC quashes electoral bonds case against .. Nirmala Sitharaman, former state BJP chief Kateel

[ Tue, Dec 03rd 2024 ]: Bill Williamson

PNB Housing Finance to start Loan Against Property from April 2025, says MD & CEO Girish Kousgi

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Finance adviser confirms $1.1b IMF loan release by March

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Crowell & Moring named "Banking & Finance Team of .. ar" in LexisNexis Qatar Business Law Forum Awards

[ Tue, Dec 03rd 2024 ]: Bill Williamson

First Rail pursues 'clean core' SAP S/4HANA implementation

[ Tue, Dec 03rd 2024 ]: Bill Williamson

HELB, National Treasury Advertise Top Managerial Job Openings for Kenyans, Monthly Salary

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Average Net Worth by Age: How Do You Measure Up?

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Pat Gelsinger and Carlos Tavares had the same big problem: Morning Brief

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Palestinians File German Complaint on Media Giant Axel Springer's Business in Israeli Settlements

[ Tue, Dec 03rd 2024 ]: Bill Williamson

30 Under 30 Finance 2025: From Fintech's Top Founders To Wall Street's Best Dealmakers

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Qatar-Kazakhstan investment projects exceed $20bln

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Google Worried Israeli Contract Could Enable Human Rights Violations

[ Tue, Dec 03rd 2024 ]: Bill Williamson

EPFO claim rejected or 'returned': Know why and how to fix errors

[ Tue, Dec 03rd 2024 ]: Bill Williamson

GDP declines by 0.3% in third quarter

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Will Luxury & Sin Goods See A Tax Hike In December, 35% GST On Tobacco, Aerated Drinks?

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Be the Future: Malaysia's First Philosophy, Politics & Economics Degree

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Stellantis considers Picat and Filosa for CEO, says source

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Jack Nathan Health Closes Sale of Canadian Business and Positions for Global Growth

[ Tue, Dec 03rd 2024 ]: Bill Williamson

France faces 'moment of truth' with government on brink of collapse

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Lighthouse Canton Releases Venture Debt Report, H .. h of Non-Dilutive Financing for Startups in India

[ Tue, Dec 03rd 2024 ]: Bill Williamson

REITs in India: 24% returns and 60% of office space ready for investment

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Upper Crust owner SSP posts 23% rise in annual profit

Banks get eight years to hit Sh10bn minimum capital

The proposal, if adopted in Parliament, will offer a reprieve to lenders that currently have core capital below Sh10 billion.
The Central Bank of Kenya (CBK) has granted banks an eight-year period to meet a new minimum capital requirement of Sh10 billion, as announced by CBK Governor Kamau Thugge. This decision aims to strengthen the banking sector's resilience against economic shocks and enhance its capacity to support economic growth. The phased approach allows banks to either raise additional capital or merge with others to meet the new threshold. This move is part of a broader strategy to ensure financial stability and protect depositors, especially in light of global financial trends and the need for Kenyan banks to compete internationally. The transition period is intended to minimize disruption to the banking sector while ensuring compliance with the new regulations.

Read the Full Business Daily Africa Article at:
https://www.businessdailyafrica.com/bd/economy/banks-get-eight-years-to-hit-sh10bn-minimum-capital-4844966