Absa’s recipe that is winning customer’s hearts
In the heart of Kenya’s entrepreneurial landscape, where dreams are nurtured and ambitions flourish, savvy investors are always seeking strategic
Read More
Absa Kenya
How financial institutions can strengthen MSMEs to grow their role in the economy
Kenya’s economic foundation unquestionably rests upon its Micro, Small, and Medium Enterprises (MSMEs). As indicated in Sessional Paper Number 5
Read More
Unlocking affordable housing in Kenya with a new era of mortgage solutions
Kenya’s home construction industry has evolved rapidly, bringing in new players to fill the void of providing long-term funds, helping
Read More
Little App drivers now accepting card payments
The taxi hailing service, Little App, has partnered with Absa Bank Kenya and digital payments heavyweight, Visa, to introduce an innovative Near Field Communication (NFC) payment feature. As players in the transport sector aim to enhance efficiency, this collaboration aims to streamline and expedite the payment process for Little App taxis by enabling drivers to accept card-based payments using an Android smartphone. The new platform utilizes Absa’s Mobi Tap app, which transforms a smartphone into a point of sale (POS), allowing customers to simply tap their contactless debit or credit cards on the driver’s Android phone or tablet to make a payment. “The introduction of
Read More
Absa Kenya’s steps toward a financially stronger nation
Financial wellness has become a crucial pillar for the achievement of individual dreams and the collective prosperity of Kenya’s diverse population. It is a concept that extends well beyond the realm of monetary transactions, encompassing various facets of financial stability, knowledge, and empowerment. As Kenyans from different walks of life navigate the intricate landscape of economic challenges and opportunities, the demand for financial products has never been more evident. The latest initiative by Absa Bank Kenya, known as “Every Kind of Financial Solution for Every Kind of You,” underscores a pivotal notion – that the significance of financial products transcends mere transactions. Absa Bank Kenya’s
Read More
Moses Muthui named as Absa Kenya Consumer Banking Director
Moses Muthui has been appointed as the new Director for Consumer Banking at Absa Bank Kenya. Before taking on this new role, Moses served the Pan-African lender as Chief Strategy Officer and Head of CIB Finance. In his upcoming role, which is pending regulatory approval, Moses will be responsible for leading the retail banking unit of the Nairobi Securities Exchange-listed bank. He will oversee sales and distribution, as well as steer the bank’s product propositions and segments, cards and payments, bancassurance, and Absa’s asset management business. Furthermore, Moses will continue to provide overall leadership to the marketing team in our efforts to establish a trusted
Read More
Absa expands digital services to Kenyans in the diaspora
Absa Bank Kenya has taken a step in facilitating financial services for Kenyan in the diaspora with the expansion of its digital platform. The move aims to simplify banking, savings, and payment needs for both existing customers and non-customers living and working abroad. Through Absa self-service platform, Kenyans abroad can complete the onboarding process within minutes using their mobile phones or the bank’s online platform. Regardless of whether they are already Absa Bank customers or not, individuals can easily access the Absa Banking app or visit the bank’s website to complete the registration and start transacting seamlessly. Abdi Mohamed, the Managing Director of Absa Bank
Read More
Mitigating post-harvest losses is key to achieving sustainable global food security
The United Nations’ Department of Economic and Social Affairs (UNDESA) estimates that the global population will reach 9.7 billion people by 2050. This presents a challenge to feed an extra 1.2 billion people for the next 27 years. According to the Food and Agriculture Organisation (FAO), feeding a population of 9.1 billion people will require raising overall food production by 70 percent from 2005-2007 levels. The stark reality of global food insecurity is made clearer by the 2023 report by FAO on the State of Food Security and Nutrition in the World which estimates that about 735 million people in the world faced hunger in
Read More
In a first, Absa credit card offers buy now, pay later options
If you’ve been patiently waiting for a great deal on buying that massive TV such as Samsung 98″ NEO-QLED going for 1.39 million at Hotpoint Appliances Sarit Centre, a washing machine, or better yet a cool freezer, Absa Kenya has a great deal that you can take advantage of. What’s more, with increasing number of families’ income squeezed thin by inflation, holiday travel plans become harder to realize, but Absa has news for you on how you can get it done with ease. Absa Bank Kenya has launched Buy now, Lipa pole pole, a product financing program that allows clients to purchase high-value products and…
Read More
Absa’s Sh2 billion investment to accelerate switch to solar energy
Absa Bank Kenya has announced a Kes2 billion investment to accelerate the adoption of off-grid solar systems across Kenya. The financing initiative is part of a syndicated finance worth Kes17.9 billion ($130 million), which brings together several commercial banks and other partners to bundle financial innovations that channel funding to environmentally friendly projects. The lender said the the transaction uses the payment for solar products from current and future customers of Sun King, the world’s largest off-grid solar energy company, to raise funds for future growth and expansion. As part of the agreement, customers’ future payments for solar equipment purchased on credit will be securitised and…
Read More