Williamson, Kapchorua Profits Drop Significantly in Half Year Results
Williamson Tea and Kapchorua Tea have both seen significant reductions in profit after tax for the half year ended September 2024 with Williamson sliding to loss-making territory. The two companies, [...]
How Banks Can Help MSMEs Scale Up by Leveraging on Till Payments
A lot has been said and written concerning MSMEs and their invaluable role in local economies. Despite their informal status, MSMEs enable communities around them to access basic commodities and [...]HF Group Rights Issue 30% Greenshoe Option
HF Group Plc has resolved to offer up to 1,499,995,255 new ordinary shares to existing investors at KSh 5 inclusive of a 30 percent greenshoe option. The Transaction is subject [...]What You Need to Know about CS for Treasury Nominee John Mbadi
Last week, President William Ruto nominated opposition MP John Mbadi to replaceProf. Njuguna Ndungu asthe Cabinet Secretary of National Treasury, at a time when the ministry has been under siege. [...]CIB Group Roots for Equity Financing in Fight against Climate Change
CIB Group Chairman Hisham Ezz Al-Arab is rooting for a new financing model to help the African continent move away from the effects of climate change. “Every time I talk [...]How Financial Institutions Can Help Mitigate Climate Risks
Top executives from banks and other financial institutions gathered at Capital Club East Africa in Nairobi this week to discuss the way forward for climate finance, at an exclusive event [...]Angaza Forum Hosts Dialogue in Nairobi on the Manifesto for African Women in Finance
On the sidelines of the African Development Bank Annual Meeting in Nairobi, Angaza Forum, in partnership with Ellen Johnson Sirleaf Presidential Center, Old Mutual Kenya, Organization of Eastern Southern [...]
Citibank Kenya Refutes Breach of Contract Claims by Client
Corporate lender Citibank Kenya has refuted claims made by a client in letters to the bank and to the Central Bank of Kenya (CBK) that it breached its fiduciary duties. [...]Debt Shaming Cases by Digital Lenders Drop by 75%
The Office of Data Protection Commissioner (ODPC) has registered a 75% decline in cases where digital lender apps have abused clients' information when pestering them to pay up mini-loans they [...]CMA Approves Registration of Arvocap Unit Trust Scheme
The Capital Markets Authority (CMA) has approved the registration of Arvocap Unit Trust Scheme pursuant to the capital markets act and the collective investment schemes Regulations, 2001. The collective investment [...]Absa Kenya's Strategy Shifts Towards Meeting Customers Where They Are
In an interview with The Kenyan Wall Street, Absa Bank Kenya’s Director of Consumer Banking, Moses Muthui, shares insights into how the bank’s recent customer-centric initiatives will continue to contribute [...]Trader’s View: Kenyan Shilling (USDKES) vs South African Rand (USDZAR) 2024 Performance and Outlook
KES Outlook The Kenyan shilling declined by 22% against the US dollar from March 2022 to January 2024. Several global factors contributed to this depreciation including the US Federal Reserve's [...]
