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The bank was established in 1966, initially as a cooperative society. The banking license was granted in 1968. The Kenya Government directed all cooperative societies in the country to transfer their deposits to the Co-operative Bank of Kenya and that all cooperatives buy the bank's shares.
M-PESA (M for mobile, PESA is Swahili for money) is a mobile phone-based money transfer service, payments and micro-financing service, launched in 2007 by Vodafone and Safaricom, the largest mobile network operator in Kenya. [1] It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan, South Africa and Ethiopia.
Kenya Deposit Insurance Corporation is a statutory institution established under the Kenya Deposit Insurance Act, 2012 (KDI Act, 2012). The Corporation is mandated to provide a deposit insurance scheme for customers of member institutions, to provide incentives for sound risk management and generally promote the stability of the financial system and prompt resolution.
Consolidated Bank is a medium-sized financial services provider in Kenya, focusing on meeting the banking needs of small and medium-sized enterprises in the country.
The Kenyan Capital Markets Authority (CMA) on several occasions opened investigations into Cytonn High Yield Solutions (CHYS) and Cytonn Project Notes (CPN). The regulator does not regulate the two funds, which have failed to pay investors upon maturity of their investments totaling Sh13.5bn. [9] [10]
The bank is a medium-sized financial institution in Kenya, serving corporate clients, small and medium enterprises and individuals. As of December 2013, the bank's total assets were valued at about KSh.15.562 billion/= (US$180 million), with shareholders' equity valued at about KSh.1.371 billion/= (US$16 million). [3]
Nailab is a Kenyan startup incubator, located in Nairobi, [1] that was founded in 2010 by Tonee Ndungu and Bart Lacroix. In 2012 Tonee Ndungu left to found Kytabu, and EdTech company based in Nairobi, Kenya.
Kenya Commercial Bank Group, also known as KCB Group, is a large financial services organization in East Africa, whose total assets were valued at approximately US$4.57 billion (KES:385.2 billion), as of 30 September 2013.