Kenyan Banks Pioneer ESG Financing with Safaricom's KES 15 Billion Loan
Safaricom Plc has secured its first Sustainability Linked Loan (SLL) from a consortium of local banks to reinforce its commitment to Environmental, Social, and Governance (ESG) initiatives. The deal is [...]
CBK Accepts Bids Worth KSh 23.1 Billion At Weekly T-Bills Auction
Central Bank of Kenya(CBK) accepted bids worth KSh 23.1 Billion at this Thursday’s Treasury Bills Auction out of KSh 24 Billion on offer after the state fiscal agent received bids [...]
Mary-Ann Musangi Exits Sidian Bank Board After 8 Years
Sidian Bank, a subsidiary of Centum Investment Company PLC has announced the exit of Mary-Ann Musangi from its board, Mary-Ann is also the CEO of Haco Industries. Mary Ann Musangi [...]Standard Chartered Scouts for Alternative Investment Options Amid Weak Shilling
The Standard Chartered Bank has partnered with European Asset Management Company, Amundi to offer global investment opportunities to its retail investors. The new partnership comes on the backdrop of a [...]Absa Bank Kenya's H1 2023 Net Profit Surges 32% to Ksh 8.3 Billion
Absa Bank Kenya has announced its financial results for the first half of 2023 with revenue surging by an impressive 31%, reaching Kshs.27.4 billion. During the reviewed period, Absa Bank [...]Family Group HY 2023 Net Profit Drops 12.5% to KSh 1.4 Billion
Family Group Net Earnings fell to KSh 1.4 billion at the end of six months ended 30th June 2023 compared to KSh 1.6 billion in HY 2022, a decline of [...]Kenya's Banking Sector Balance Sheet Size Hits KSh 7.1 Trillion
Banking Sector in Kenya's total assets increased by 4.2 % to KSh 7.052.4 trillion in June 2023, from KSh 6.77 trillion in March 2023. According to data from the Central [...]IM Group Plc HY 2023 Net Earnings Up 2.2% to KSh 5 Billion
IM Group posted a 2.2% increase in Profit After Tax to KSh 5.033 Billion at the end of the six-month period ended 30th June 2023 compared to KSh 4.9 Billion [...]Diamond Trust Bank(DTB) Kenya HY Net Profit Rises 10.2% to KSh 4.4 Billion
Diamond Trust Bank(DTB) Kenya posted a 10.2% increase in net profit to KSh 4.358 Billion at the end of the six-month period ended 30th June 2023 compared to KSh 3.956 [...]NCBA Group Plc to Issue a Fat KSh 471.8 Million Dividend Cheque to Shareholders
NCBA Group has declared an interim dividend of KSh 1.75 per share, or payment of a total of KSh 471.8 Million to its shareholders, making it the second listed lender [...]KCB Group Records 17.9% Decline Net Profit in First-Half of 2023
KCB Group Plc has recorded a Profit After Tax of KES 16.1 Billion for the first half of 2023, representing a decline of 17.9% compared to the same period in [...]Kenya’s Banking Industry Emerges Strong in 2022 -SBI Report
Improved activity in Kenya’s private sector led to credit growth in banking industry, reaching double-digit levels last year. According to the State of Banking Industry Report 2023 by the Kenya [...]
