Sameer Africa Posts Over 300% Rise in Half-Year Profits
Listed tyres' distributor, Sameer Africa, has recorded a profit-after-tax of KSh 108.8 million in the half year ended June 2024, ...
Equity Bank Replaces Kenya MD After KShs. 1.5bn Insider Heist
Equity Bank (Kenya), a subsidiary of Equity Group, has appointed Moses Okoth Nyabanda as acting managing director after the early ...
Insurance Regulator Places Invesco Under Statutory Management Again
The Insurance Regulatory Authority (IRA) has placed Invesco Assurance under statutory management for the second time in the insurer's 27-year ...
Food Processor Gaea Foods Becomes First Beneficiary of €20mn Pepea Fund
Gaea Foods, a Kenyan potato-processing company, has received an undisclosed amount in financing from Pepea Fund in the form of ...
Co-Op Bank’s Half Year Profits Up 7%, South Sudan Subsidiary Registers Losses
Co-operative Bank of Kenya's (Co-op Bank) net profit for the half-year has jumped to KShs. 13 billion compared to KShs. ...
Africa’s Renewable Energy Sector Needs Innovative Financing
As Africa’s energy sector deregulates, exciting opportunities open up for financial innovation to benefit consumers.
CBK’s Infrastructure Bonds Gauge Investor Confidence
During August auction, government reopened two infrastructure bonds earmarked for financing infrastructure projects in the current fiscal cycle. Government received ...
Equity Bank Loses KShs. 1.5bn in Latest Insider Heist
The Banking Fraud Unit is investigating a case where Kenya's second largest lender, Equity Bank, lost KSh 1.5 billion last ...
Developers Cash-in on Supermarkets Expanding to Estates
Developers are modernizing establishments to cash in on giant retail stores preferring to move closer to consumers within estates, real ...
CEOs Delay Planned Expansion Over Political Uncertainty – CBK Survey
Majority of businesses have put on hold planned expansion of activities due to the uncertainties from recent protests in the ...