Standard Chartered Kenya Half Year Net Profit Up 28% to KSh 6.9Billion
Standard Chartered Bank Kenya posted a 28% rise in Net Earnings to KSh 6.91 Billion at the end of the six months’ period ended 30th June 2023. This is compared [...]
CBK Seeks KSh 21 Billion in Another Treasury Bonds Tap Sale
The Central Bank of Kenya(CBK) is seeking to raise KSh 21 billion from the market, just days after rejecting numerous bids in a similar tap sale. The state fiscal agent [...]Sidian Group Half-Year Net Profit Drops 16.5% to KSh 209.9 Million
Sidian Group's Net Profit for the period ended 30th June 2023 declined by 16.5 percent to KSh 209.9 million. The Sidian Group balance sheet size shrunk by 0.7% to KSh [...]Stanbic Commits to Sustainable Projects
Stanbic has affirmed commitment towards ensuring a just transition for clients and the community through financing solutions that enable climate adaptation and mitigation in a sustainable and inclusive way. This [...]
CBK Collects KSh 43.6Billion at Weekly T-Bills Auction, 186% Oversubscription
The Central Bank of Kenya(CBK) accepted bids worth KSh 43.6 billion at the Weekly Treasury Bills Auction conducted this Thursday 17th August 2023 after receiving bids worth KSh 44.7 billion, [...]Co-operative Bank’s First-Half Profit After Tax rises to Sh12.1B
Co-operative Bank’s profit after tax for the first-half of this year stands at Sh12.1 billion, compared to Sh11.5 billion reported same period last year. According to the bank, net loans [...]Kenyan Firms Cautious About Hiring Staff, Contrary to Banking Sector
Kenya’s banking industry is expecting to hire more workforce this year to support their planned business growth and bank functions to fulfil strategic objectives. Market Perceptions Survey by the Central [...]Political Uncertainty and Weakening Shilling Dampen Kenya's Economic Outlook: Central Bank Survey
Kenya’s economic growth prospects remained subdued in July on account of high interest rates, political noise in the country and a weakening Kenya Shilling against hard currencies, all combining to [...]Equity Group Half Year 2023 Net Profit Jumps 7.8% to KES 26.3 Bn
Equity Group has released its half year 2023 financial results reporting a 7.8% growth in after-tax profits to KES 26.3 billion. The profitability was driven by a jump in non-funded [...]Central Bank Approves Safaricom's M-PESA Account Limit Increase to KSh. 500,000
The Central Bank of Kenya has granted approval to Safaricom Plc to increase the M-PESA account limit to KSh. 500,000. This new limit, effective from August 15, 2023, applies to [...]KCB in KSh 1 Billion deal with SIDA to support SMEs
Kenya Commercial Bank(KCB) has signed a deal with Swedish International Development Cooperation Agency(SIDA) worth KSh 1 billion to set up a guarantee fund for Small and Medium-sized Enterprises(SMEs). The 7-year [...]Stanbic Holding's Half-Year Profit Jumps 47% To Sh7.1 billion
Stanbic Holdings has reported Sh7.1 billion profit after tax in the first-half result released on Thursday, from Sh4.8 billion reported same period last year. During the period, revenue grew by [...]
