#HistoryOfBanking Archives

January 27, 2022

Published by Paukwa on January 27, 2022

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Kenya’s First ATM

As of October 2021, Kenya had about 2,360 Automated Teller Machines (ATMs) in operation. The ATM has saved many busy souls from tediously waiting for a bank teller to become […]

January 26, 2022

Published by Paukwa on January 26, 2022

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Kenya Commercial Bank

The aftermath of the Second War reverberated in a myriad of sectors including banking. British banks operating overseas started a series of mergers in order to […]

January 21, 2022

Published by Paukwa on January 21, 2022

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The Central Bank of Kenya

The East African Currency Board On 10th June 1965, Kenya’s first Minister of Finance, James Gichuru, announced during a budget speech that the government intended to […]

January 20, 2022

Published by Paukwa on January 20, 2022

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The Pioneer Bank Manager: Peter Nyakiamo

Peter Nyakiamo was once asked to describe the moment he was employed by Barclays Bank and three words came to mind: a beautiful accident. The year was 1963 and […]

January 19, 2022

Published by Paukwa on January 19, 2022

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Kenya Bankers Association

A research trip into the archives that mention pioneer financial institutions reveals that the 1950s was the decade that defined the rise of banks in Kenya. […]

January 18, 2022

Published by Paukwa on January 18, 2022

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Bank of Baroda

There is a region in Gujarat, India called Vadodara. It used to go by the name Baroda. In this region, the Maharaja of Baroda began the […]

January 17, 2022

Published by Paukwa on January 17, 2022

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Kakamega Gold Rush

When Louis Andrew Johnson moved from the United States of America to settle on a cliff in Turbo, Kenya, he never knew that his actions would […]

January 14, 2022

Published by Paukwa on January 14, 2022

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Barclays Bank

The Ever-Evolving Absa Bank The bank that we now know as Absa is no stranger to change. Before Absa took on its present name, a series […]

January 13, 2022

Published by Paukwa on January 13, 2022

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Standard Bank of South Africa

The Standard Bank of South Africa has one of the most unique histories when you consider the backgrounds of most financial institutions in Kenya. Established in […]