NCBA Group Posts KSh9.8 Billion Profit in H1 2024
NCBA Group has posted a 5 per cent increase in half year profit to KSh9.8 billion compared to the same period in 2023. The Group continued to accelerate and promote [...]
KCB Posts 86% Jump in Profits to KSh29.9 Billion in H1 2024
KCB Group has posted an 86.4 per cent jump in profits to KSh29.9 billion in the first half of 2024 compared to KSh16.1 billion recorded in the same period 2023. [...]IM Group Posts KSh6.1 Billion Profit in H1 2024
IM Group PLC posted a profit of KSh6.1 billion in the first half of this year, a 21% growth from KSh5.03 billion during the same period last year. Customer deposits [...]Equity Bank Suffered Two Heists Worth Kshs. 2.5bn on July 10th-Reports
Equity Group's Kenyan subsidiary was raided twice, likely by insiders, on the same day last month, The Daily Nation has reported in the latest in this ongoing saga. According to [...]
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 retirement of Gerald Warui, the lender announced on Friday. The [...]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. 12.1 billion during a similar period in 2023. Apart from [...]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 month to an insider and his father. According to the [...]Equity Group Half Year Profits Up 12.5%, Ugandan Subsidiary's Profits Dip by 23%
Equity Group posted a 12.5 percent growth in profit after tax in the first half of 2024 to KSh 29.6 billion from KSh 26.3 billion recorded in the same period [...]AfDB Approves $40million Risk Cover for Ethiopia's Dashen Bank
The African Development Bank Group (AfDB) has approved a $40mn risk cover to support Dashen Bank's trade finance activities. This much-needed guarantee facility will be instrumental in expanding our bank’s [...]Stanbic's Half Year Profits Up 2.3%, South Sudan Subsidiary Profits Double
Stanbic Holdings registered a mild 2.3 per cent increase in net profit in the first half of 2024 to KShs. 7.2 billion from KShs. 7.1 billion in the same period 2023. [...]CBK Makes Changes to Currency Notes, Hires German Company to Print New Notes
The Central Bank of Kenya (CBK) has announced four changes to Kenyan currency notes the KSh 1,000, KSh 500, KSh 200, KSh 100, and KSh 50. This is just [...]How Digital Payments Can Accelerate Growth of MSMEs
Many young Kenyans today are tech savvy and only businesses that transition to digital solutions can survive. By availing options that can save time and money, businesses become more competitive [...]
