CBK Likely to Lower Interest Rate to 9% by Year End Absa Research
The Central Bank of Kenya (CBK) is likely to continue cutting the benchmark rate to 9% by the end of 2025 and hold it there for the next two years, [...]
Sanlam Share Price up 11% After First Profit in 5 years
Sanlam’s share price jumped 11.4% on Thursday after reporting an increase in net profit to KSh 1.05 billion in 2024 from a loss of KSh 126.6 million in 2023. “The [...]
KCB Group Profits Surge 65% to KSh 61.8 Bn in 2024
KCB Group has registered KSh 61.8 billion net profit in 2024, a 64.9% jump from KSh 37.5 billion in 2023 driven by an increase in revenue. However, total operating expenses increased [...]
Property Owners to Pay for Asbestos Removal
The government has directed a nationwide asbestos removal initiative from all public and private facilities in a bid to mitigate the health risks associated with its exposure. The National Environment [...]
CBK Proposes New Banking License Fees
The Central Bank of Kenya (CBK) has proposed an overhaul of commercial banking license fees, marking the first review in 33 years. “For the purposes of these Regulations, gross annual [...]
Global Food Prices Rise on Sugar, Dairy, Vegetable Oil Prices
Global food prices rose 1.6% in February driven by higher vegetable oil, sugar and dairy prices, the UN Food and Agriculture Organization (FAO) said on Friday. Higher quotations across cross [...]
Kenya Dominates East Africa’s Private Capital Deals in January
East Africa's private capital markets began 2025 with 13 transactions with a total value of US$38.7 million in disclosed deals, according to the IM Burbidge's East Africa Financial Review for [...]
Marula Mining's Kenyan Subsidiary Signs Manganese Deal With World's Largest Steelmaker
London listed Marula Mining’s subsidiary Muchai Mining Kenya has signed a deal with Baosteel Resources South Africa, a subsidiary of the world's biggest steel producer, to purchase and sell manganese [...]
Banks Push for Common Reference Rate for Loan Pricing
Kenya’s banking sector is pushing for an overhaul of the existing risk based pricing model to a common reference rate, arguing that the current framework has made it hard to [...]
Kenya’s Private Sector Activity Expands for Fifth Month-Stanbic PMI
Kenya's private sector saw slight improvement in business conditions in February, marking its fifth consecutive month of expansion, the latest Stanbic Purchasing Manager Index (PMI) shows. “We reiterate that businesses [...]
Stanbic Declares Record Dividend as Profits Hit KSh 13.7bn
Stanbic Holdings shares rallied to KSh 167.25 on Wednesday from KSh 157.75 after the lender reported it had registered a 12.8% growth in net profit. “We deliberately shielded our customers [...]
NSE Bull Run Drives Investor Wealth Up by KSh 137 bn in Just Two Months
The Nairobi Securities Exchange (NSE) has sustained its market rally, which has seen investors’ portfolios grow by KSh 137 billion in 2 months, was propelled by strong gains in key [...]
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