The SMEs that open either of the accounts with DTB will be eligible for a credit facility after 6-months to enable them to grow their businesses accordingly.
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In 2021, Faulu MFB’s market share declined by 0.7 per cent from 40.2 per cent.
In September, Ethiopia’s Council of Ministers passed a landmark decision to open the banking sector to foreign investors.
NCBA Bank has seven branches in western Kenya.
Operating across all Kenyan cities, Solv is backed by SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm.
Equity Group Holdings Plc through Equity Bank (Kenya) Limited, announced that it had entered into an Assets and Liabilities purchase agreement with Spire Bank Limited for purchase of certain assets and liabilities.