Newsroom

With many years of experience in finance, a wealth of knowledge and a team that keeps its finger on the global pulse, we craft powerful asset class solutions.

Our treasury team develops and executes a range of strategies and transactions across all asset classes including currencies, fixed income and structured finance solutions.

  • Early Branch Closure – 30th September 2019Read More

    Early Branch Closure – 30th September 2019

    Read More

  • Cautionary Announcement- Proposed Merger Update, April 2019Read More

    Cautionary Announcement- Proposed Merger Update, April 2019

    Further to the cautionary announcements issued by Commercial Bank of Africa Limited (“CBA”) on 6th December, 2018 and 1st February, 2019, the Directors of CBA are pleased to announce that during the Annual General Meeting of the shareholders of CBA held on Tuesday 16th April, 2019, the shareholders approved the proposed merger between CBA and the NIC Group PLC and further approved and ratified the Merger Agreement and other key transaction documents between the merging entities.

    <

    Read More

  • Change of Business Hours – Swissport BranchRead More

    Change of Business Hours – Swissport Branch

    Read More

  • CBA AGM Notice to Shareholders- March 2019Read More

    CBA AGM Notice to Shareholders- March 2019

    Read More

  • CBA Cautionary Announcement – Proposed Merger UpdateRead More

    CBA Cautionary Announcement – Proposed Merger Update

    The Directors of Commercial Bank of Africa Limited (“CBA”) are pleased to announce the results of the offer made
    by NIC Group PLC (“NIC Group”) to CBA Shareholders to acquire all the issued shares in CBA in exchange for the issue to such shareholders of shares in NIC Group. After such share exchange, the 34 shareholders of CBA will in
    aggregate own 53% of the then issued shares in NIC Group, whilst existing NIC Group shareholders will own 47% of
    the then issued shares in NIC Group

    Read More

  • CBA – NIC Joint Press Statement; Proposed Merger UpdateRead More

    CBA – NIC Joint Press Statement; Proposed Merger Update

    We are pleased to inform you that the Boards of Directors of CBA and NIC Group PLC have announced that they will recommend the proposed merger of the two banks to their respective shareholders.

    Read More

  • CBA – NIC Joint Press StatementRead More

    CBA – NIC Joint Press Statement

    We are pleased to inform you that the Boards of Commercial Bank of Africa Limited and NIC Group PLC have authorised the commencement of discussions, regarding a potential merger of the two entities.

    Read More

  • CBA Partners with AGF and Ennovative Capital to Avail Faster Payments for Corporate SuppliersRead More

    CBA Partners with AGF and Ennovative Capital to Avail Faster Payments for Corporate Suppliers

    Nairobi, June 13, 2018: Kenya’s largest privately owned bank, Commercial Bank of Africa (CBA) has partnered with the African Guarantee Fund for Small and Medium- Sized Enterprises (AGF) and Nairobi-based fintech firm Ennovative Capital, to introduce a solution that will see suppliers of Corporate Institutions, receiving payment for goods and services offered, without having to wait for the stipulated credit period.

    Read More

  • CBA and Safaricom celebrate ground breaking milestones as they mark the 5th Anniversary of M-Shwari.Read More

    CBA and Safaricom celebrate ground breaking milestones as they mark the 5th Anniversary of M-Shwari.

    Nairobi, December 6th, 2017: Commercial Bank of Africa (CBA) and Safaricom today mark the 5th anniversary of M-Shwari. M-Shwari, Kenya’s first mobile lending and saving solution, has been a game-changer in the industry and today provides financial services to over 21 million Kenyans. Since the inception of M-PESA in 2007, mobile money has dramatically improved the convenience, reliability, and flexibility of basic financial services. M-Shwari has continued this trend by providing a tool to

    Read More

  • AfDB and Commercial Bank of Africa Limited (CBA) sign a US $90 million financing package to fund SMEs and grow Trade Finance in AfricaRead More

    AfDB and Commercial Bank of Africa Limited (CBA) sign a US $90 million financing package to fund SMEs and grow Trade Finance in Africa

    06 October, 2017, Nairobi: The African Development Bank and Commercial Bank of Africa Limited (“CBA”) have today signed a US $90-million financing package, aimed at supporting SMEs and local corporates in infrastructure, tradable and other transformative sector transactions in Kenya.

    The package comprises of a US $50-million Line of Credit and US $40-million Trade Finance Line of Credit, and will provide liquidity support to expand financing to small and medium enterprises (SMEs)

    Read More

  • Afreximbank Woos Kenyan Investors, Seeks $100 Million to $300 Million Equity Through Depositary ReceiptsRead More

    Afreximbank Woos Kenyan Investors, Seeks $100 Million to $300 Million Equity Through Depositary Receipts

    Nairobi, 7 September 2017: – The African Export-Import Bank (Afreximbank) treated leading Kenyan investors to a breakfast meeting yesterday to present its equity offering aimed at raising between $100 million and $300 million through the issuance of Depositary Receipts backed by its Class “D” shares.

    The listing of the Depositary Receipts on the Stock Exchange of Mauritius was approved in August, opening Afreximbank’s shareholding to the investing public through an African

    Read More

  • CBA to Acquire Crane Bank Rwanda LimitedRead More

    CBA to Acquire Crane Bank Rwanda Limited

    Nairobi, June 15, 2017: Commercial Bank of Africa Limited (“CBA”) is pleased to announce that it has signed a definitive Sale & Purchase Agreement (“SPA”) to acquire 100% of Crane Bank Rwanda Limited from dfcu Bank Limited (“dfcu”). dfcu is a registered financial institution in Uganda and Crane Bank Rwanda Limited is a registered commercial bank in Rwanda.

    This transaction is subject to regulatory approval by National Bank of Rwanda (BNR), Bank of

    Read More

  • CBA to receive $90-million from AfDB to fund SMEs and boost trade finance in AfricaRead More

    CBA to receive $90-million from AfDB to fund SMEs and boost trade finance in Africa

    January 25 2017 – CBA’s funding of small and medium-sized enterprises (SMEs), is set to get a major boost following a US $90-million funding from the African Development Bank (AfDB). This is after the AfDB Board of Directors approved the financial package comprising US $50-million Line of Credit and US $40-million Trade Finance Line of Credit (TFLoC).

    The funding is aimed at supporting SMEs and local corporates in infrastructure, tradable and other transformative

    Read More

  • CBA Sponsors Ten More Students Through the Palmhouse FoundationRead More

    CBA Sponsors Ten More Students Through the Palmhouse Foundation

    In our continued partnership with the Palmhouse Foundation, we have taken up the responsibility to educate 10 more students this year. The beneficiaries 4 years secondary education is fully catered for through a Ksh. 3.2 Million sponsorship.

    In a send-off event held on 9th of January 2017 at the All Saints Cathedral Church in Nairobi, the students were handed over their school fees cheques and sent-off to commence their first term ​in Secondary School.

    Read More

  • CBA donates Ksh 6Million to Good Samaritan Children’s HomeRead More

    CBA donates Ksh 6Million to Good Samaritan Children’s Home

    In the spirit of giving during the Christmas Festivities, Commercial Bank of Africa (CBA) staff members visited Good Samaritan children’s home on Wednesday 21st December 2016 and donated KES 6,005,670 raised through various bank wide staff activities.

    This was a result of a CBA initiative in which staff members went out of their way in fund raising activities to the home.  The immediate need for the Good Samaritan Home was KES 4,250,000. CBA Staff then had an

    Read More

  • Customer Appreciation Beach Barbeque PartyRead More

    Customer Appreciation Beach Barbeque Party

    On the sunny Saturday afternoon of 19th November 2016, we hosted our customers from the coastal region of Kenya to a beach barbeque in Mombasa. The event was held at the Sarova Whitesands Beach Resort & Spa and was meant to appreciate CBA customers and their families.
    Customers were selected by the respective Retail Managers from Diani, Moi Avenue, Changamwe and Nyali branches. The event provided a great setting for the retail managers and relationship teams to mingle with their

    Read More

  • The 2016 CBA Diani Charity Goat DerbyRead More

    The 2016 CBA Diani Charity Goat Derby

    The 17th Diani Charity Goat Derby organized by The East Africa Women’s League, South Coast Branch happened on Sunday 16th October 2016. The colourful event was held at Leisure Golf Club as a fun family day attracting supporters from across East Africa.

    The Charity Goat Derby has had CBA as a continuous main sponsor and official banking partner since 2011. The bank not only provides financial support for the charity event but CBA staff ceaselessly take time to participate as well.

    Read More

  • Commercial Bank of Africa Targets Growth in the SME MarketRead More

    Commercial Bank of Africa Targets Growth in the SME Market

    Nairobi, 14th Oct, 2016… The Commercial Bank of Africa (CBA) has introduced a revamped Business Banking proposition, aimed at strengthening the banks position in the Kshs. 807 trillion Small and Medium Enterprises (SME) market.

    The bank, which is the largest in Kenya by customer base, is targeting the suppliers and distributors of its corporate customers

    Read More

  • CBA donates Kshs. 2million to Zawadi Africa Educational FundRead More

    CBA donates Kshs. 2million to Zawadi Africa Educational Fund

    IMG_0949

    On Wednesday 12 th October 2016, Commercial Bank of Africa (CBA) donated Sh2million as part of a 5-year sponsorship to the Zawadi Africa Educational Fund. The fund is a leadership development program that provides university scholarships and leadership development and life-skills training for academically gifted but financially disadvantaged

    Read More

  • CBA Launches New and Affordable Property Finance PropositonRead More

    CBA Launches New and Affordable Property Finance Propositon

    Commercial Bank of Africa has revamped its Property Finance Proposition, in an effort to encourage more Kenyans to own homes and make other affordable real estate investments.

    The proposition includes mortgage financing of up to 105% of the property value, to enable CBA customers achieve one of their life-long dreams. The bank has launched a marketing campaign dubbed “105% Own Your Own Home (105OYOH)” to sensitize customers about the offering, which will also entail streamlining

    Read More

  • Developing A Coaching Culture For Business ImpactRead More

    Developing A Coaching Culture For Business Impact

    Driven by the pressures to get more achieved with the same resources, and to respond to the needs of generation Y, we identified
    leadership development as a key means to motivating staff and ultimately improving performance and productivity levels. ~ Irene
    Kamau, Group Head of Human Resources

     

    A combination of building capacity and culture change and responding to a changing demographic, changing demands and
    feeling the need to adapt and

    Read More

  • CBA BMW Father’s DayRead More

    CBA BMW Father’s Day

    Nairobi, June 20, 2015
    At CBA, our customers are our family. It was time for more fun and games as we celebrated Father’s day through an intimate event at the Carnivore grounds on 20th June.

    Through a strategic partnership with BMW, we invited dads and their families to come and enjoy a relaxed brunch in a home away from home setting. While the kids indulged their youthful spirits with fun activities like fuss ball, play stations, bouncing castles, face painting

    Read More

  • CBA Group Sponsors Students Through The Palmhouse FoundationRead More

    CBA Group Sponsors Students Through The Palmhouse Foundation

    Nairobi, February 2, 2015
    CBA Group has partnered with Palmhouse foundation trust as a beneficiary to help transform lives of needy students.

    Through the partnership, CBA Group will sponsor 4 students each throughout their 4 years in secondary school by paying for their tuition fees.

    Palmhouse Foundation Trust began the philanthropic efforts under Founder Trustees informally, and over time, the Foundation has grown with 13 trustees and 12 members of Oversight and

    Read More

  • CBA Group Eyes Accelerated Growth On Medium Term Note SuccessRead More

    CBA Group Eyes Accelerated Growth On Medium Term Note Success

    Nairobi, January 20, 2015
    Kenya’s largest privately owned bank, CBA Group, has listed its maiden Medium Term Note today in the Nairobi Securities exchange (Fixed Income Segment) in an official bell ringing ceremony.

    In the First Tranche of the Medium Term Note issue, CBA raised Kes7 billion, which was an oversubscription by 40 per cent, to deem the program a remarkable success. The First Tranche of the Medium Term Note was issued to the public in notes amounting to Kes5 billion

    Read More

  • CBA ‘Be More Challenge’ set to grow talent amongst kenya’s youthRead More

    CBA ‘Be More Challenge’ set to grow talent amongst kenya’s youth

    Nairobi, March 1st 2014
    Commercial Bank of Africa (CBA), the largest privately owned bank in the region, officially launched their Be More Account targeting aspirational 18-29 year olds, through a campaign aimed at developing the youth’s personal, professional and financial success.

    The campaign ‘Be More Challenge’ has attracted participation from students in the following University institutions: Strathmore University, University of Nairobi (UON),

    Read More

  • CBA Group launches new proposition for employeesRead More

    CBA Group launches new proposition for employees

    Nairobi, August 14, 2014
    Kenya’s largest privately owned bank, CBA Group has unveiled a new proposition that targets firms with tailored financial products and services with exclusive benefits for their staff.

    In addition to the traditional personal banking accounts and loans, the cba@work proposition provides services such as in-office banking, stock brokerage, and electronic banking and wealth management services through specialists who understand customers’ banking needs

    Read More

Exchange Rates