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 [...]
Negotiations to Admit Somalia into EAC Block Kick-Off
Negotiations between the East African Community (EAC) and the Federal Republic of Somalia for the entry of Somalia into the EAC kicked off in Nairobi this week. The nine-day negotiations [...]
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 [...]IGAD Issues El Nino Alert for Eastern Africa Beginning October
The InterGovernmental Authority on Development(IGAD) Climate Prediction and Applications Centre (ICPAC) announced that the October to December 2023 climate forecast shows high chances of wetter-than-usual conditions across most parts of [...]Kenya, South Sudan Sign Fiber Optic Cable MoU
Kenya is committed to strengthening bilateral relations with South Sudan for the mutual benefit of the citizens of the two nations. President William Ruto said the two countries are pursuing [...]IGAD Ministerial Conference Renews Push to Eradicate the Desert Locust
Intergovernmental Authority on Development (IGAD) member states have been urged to act collectively to ensure total eradication of the desert locust. In a joint communique of the IGAD regional ministerial [...]Kenya's Export Earnings From African Market Rise To Sh100.2B
Africa remains Kenya’s major export destination as latest figures from Kenya National Bureau of Statistics (KNBS) for the January to March period also on the contrary states that Kenya imports [...]Service Sector Fires East Africa’s GDP Growth to 4.4% in 2022
The service sector in East African countries is emerging as a strong contributor to growth of the economies with potential of even doing better compared to other traditional performers such [...]East Africa To Register Highest Economic Growth in 2023/4
East Africa will register the highest regional economic performance on the continent in 2023 and 2024, with growth figures at over 5 percent, according to the newly published African Development [...]ATIDI Insures EUR 300 Million Loan for Tanzania’s Projects
African Trade and Investment Development Insurance(ATIDI) has insured a EUR300 million loan facility issued by Deutsche Bank AG to the Government of Tanzania.The facility will finance several infrastructure projects included [...]EABL Records a 21% fall in Net Profit to KSh 12 B as Taxes Bite Hard
East African Breweries Limited(EABL) posted a 21% decline in its net profit for the full year ended 30th June 2023 to KSh 12.32 billion. The listed brewer also cut is [...]Kenya Among ‘Big 4’ Private Capital Destinations in Africa KIFC Report
Kenya is listed among the Big 4 that also includes Egypt, Nigeria and South Africa-as the giants of Africa’s silicon savannah, continually attracting the lion’s share of both private capital [...]
