Citibank Kenya Profits up 25.8% in Q3
Foreign owned Citibank Kenya has posted a KSh 8.1 billion in profit after tax in the 9 months to September, a 25.8% increase from KSh 6.5 billion recorded in the [...]
Choice Microfinance Gains Nationwide Status after Central Bank Greenlight
The Central Bank of Kenya (CBK) has approved Choice Microfinance Bank to transition from a community microfinance bank to a nationwide microfinance bank. “The Central Bank of Kenya on 4th [...]6 Marketable Export Crops in Demand Globally
Kenya's agribusiness sector is a cornerstone of its economy, contributing significantly to employment, income, and export crop earnings. The country's diverse climate and fertile soils support the cultivation of various [...]
Central Bank Moves to Protect Lenders From Liquidity Shocks
The Central Bank of Kenya (CBK) has proposed that commercial banks raise their share in liquid assets to cover panic withdrawals and cushion against cases of severe financial stress within [...]University of Nairobi Launches the Silicon Savannah Innovation Park, One of its ‘Big Five’ Projects
The University of Nairobi (UoN) will tap into Kenya's nascent innovation ecosystem after opening up the Silicon Savannah Innovation Park to empower students with skills such as artificial intelligence, green [...]COMESA's Proposes Quick Fixes to Address High Vegetable Oil Prices
The Common Market for Eastern and Southern Africa (COMESA) is mulling a couple of measures to contain the runaway prices of refined vegetable oil in the region. “These increases happened [...]StanChart Kenya's Q3 Profits Surge 63%
Standard Chartered Bank Kenya posted a KSh 15.8 billion net profit in the 9 months to September, a 63% uptick from KSh 9.7 billion recorded in the same period in [...]KCB Group's 9-Month Profits Surge to KSh 45.8bn
KCB Group posted a KSh 45.8 billion net profit in the 9 months to September, a 49% uptick from KSh 30.7 billion recorded in the same period in 2023. “We [...]Mobile Money Transactions Dip by 14.5%
The number of mobile money transactions declined by 7% in September compared to the start of the year, according to the latest data from the KNBS. The total value of [...]NCBA Bank Takes Over Unga Group’s KSh 860mn Loan from Absa
NCBA Bank Kenya has taken over a KSh 860 million loan from Absa Bank Kenya to Unga Group, which was due in June 2024. “The facility taken over by NCBA [...]Lobby Group Asks Government to Tax the Rich
The National Taxpayers Association (NTA) has called upon the Treasury to design a Wealth Tax' that could net over KSh 100 billion annually, unburdening low-income earners. Implementing an annual wealth [...]IM Bank Declares Dividends as Profit Jumps to KSh 9.9 Bn
IM Group posted KSh 9.95 billion in net profits in the 9 months to September, a 21.3% uptick from KSh 8.2 billion recorded in the same period in 2023. “The [...]
