CBK Collects KSh20.7 Billion at Weekly T-Bills Auction, 102.8% Subscription Rate
Central Bank of Kenya (CBK) accepted bids worth KSh20.7 billion at the weekly Treasury Bills auction out of KSh24.7 billion worth of bids received, and KSh24 billion offered to investors. [...]
KCB Group’s Profit Drops to KSh 37.5 bn, No Dividend in 2023
KCB Group recorded a decline in net profit in 2023 with the lender linking the performance to bad debt and other costs. The ratio of non-performing loans (NPLs) dropped to [...]
KCB to Sell National Bank of Kenya to Access Bank
KCB Group CEO Paul Russo has confirmed that the regional lender is in the process of selling its struggling subsidiary National Bank to Nigerian lender Access Bank. The board evaluated [...]
National Bank Urges Calm after News of its Sale by KCB Group
The National Bank of Kenya (NBK) has downplayed its likely sale by the KCB Group assuring its customers that all was well and business operation was usual. “We want to [...]CBK Govt. Securities Trading Portal Wins Global Award
Central Bank of Kenya's (CBK’s) DhowCSD platform has been named the winner of Central Banking’s Payments and Market Infrastructure Initiative Award. CBK’s DhowCSD platform went live on July 31, 2023, [...]Moove Secures $100 Million Funding from Investors Led by Uber
Moove, a mobility fintech, has closed a $100 million funding in its Series B round led by Uber and other financiers. This infusion of capital is set to amplify the [...]StanChart Posts KShs. 13.8bn, 15% Growth, Profit after Tax in 2023
Standard Chartered announced its Full Year 2023 financial results this morning and investors at the NSE are happy with what they see. StanChart saw increases in revenue, profit, earnings per [...]
Kenya Woos Egyptian Investors with EU, US Trade Deals
Kenya is banking on its trade deal with the European Union and its central location in East Africa to woo Egyptian investors to the country, government officials said during the [...]East African Cables Sells Majority Stake in Tanzanian Unit
East African Cables PLC has sold a 51% stake in its Tanzanian subsidiary to Msufini (T) Limited as it embarks on a turnaround strategy. In mid-2023, EA Cables obtained a [...]Unga Group Posts KShs 341.6mn Net Loss
Unga Group Plc, the only listed miller at the Nairobi Securities Exchange(NSE) sunk deeper into loss territory, with a net loss of KSh 341.6 Million for the half year ended [...]CBK Seeks KSh 40bn in Feb T-Bonds Tap Sale
The Central Bank of Kenya (CBK) has floated Treasury Bonds worth KSh 40 billion for budgetary support during February 2024. Placing agents are commercial banks, non-bank financial institutions, licensed stock [...]Uganda Parliament Pensions Scheme to Reduce Equity Investments in Kenya
Uganda's Parliamentary Pensions Scheme (PPS) is considering reducing its investments in Kenya due to macroeconomic challenges. “Wepropose to reduce allocation on stocks listed on Nairobi Securities Exchange and selectively reallocate [...]
