Absa - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Six highest paid bank CEOs in Kenya earning over KSh65 million monthly salaries

Sacco ReviewMay 16, 2024May 16, 202403 mins

The CEOs of major Kenyan banks, including Equity, KCB Group, NCBA, Diamond Trust Bank (DTB), Standard Chartered Kenya (StanChart), and Absa, received a monthly pay exceeding KSh65 million last year. In the previously mentioned list of the top six banks, KCB Group’s Chief Executive, Paul Russo, was among the highest earners, receiving a monthly gross salary of KSh14.8…

Absa Bank, Unity Homes partner to offer mortgage financing

Sacco ReviewSeptember 5, 2023September 5, 202305 mins

Unity Homes and Absa Bank Kenya have entered into an agreement to allow potential home buyers acquire houses in Tatu City through the affordable housing financing scheme. The collaboration will see the bank provide Kenya Mortgage Refinancing Company (KMRC)-backed mortgages with terms of up to 25 years. The price of modern apartments starts at Ksh5,950,000….

Sh2.75bn boost for housing projects

Sacco ReviewFebruary 22, 2021February 22, 202106 mins

By Roy Hezron Stima and Tower Saccos are among the first four Primary Mortgage Lenders (PMLs) to benefit from the Sh2.75 billion Kenya Mortgage Refinancing Company (KMRC) kitty. The disbursement done on 17th December 2020 saw Nyandarua based Tower Sacco which is a get Sh29 million while Stima Sacco got Sh69 Million. The two Saccos…