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 [...]
Kenya Bankers Association Report Unearths Gaps Banks Must Seal to Create Sustainable Future
The Kenyan banking industry still has homework to do in improving transparency, addressing greenwashing, facilitating capital mobilisation and empowering market participants to identify and invest in sustainable assets. “As highlighted [...]Abojani Hosts Investment Conference for Retail investors
Abojani Investment is set to host its 4th Annual Economic Empowerment Conference on Saturday, November 23, 2024, at the Radisson Blu Hotel, Upper Hill, Nairobi. Under the theme Building Staying [...]
President Ruto Cancels All Adani Deals
President William Ruto on Thursday ordered the Ministry of Transport and Energy to cancel all the contracts awarded to the Indian conglomerate Adani Group, bringing to a temporary halt the [...]Indian Businessman Gautam Adani Faces US$250mn Bribery Charges in the US
Gautam Adani’s name is in the global newsreels for the wrong reasons again; this time, New York prosecutors are pursuing him for allegedly bribing Indian government officials with US$250 million [...]Stanbic Reports Ksh 10.1bn Profit After Tax in Q3
Stanbic Bank has announced a Ksh 10.1 billion profit after tax for the nine-month period ended September 30, 2024. Operating costs decreased by 5% on harnessing previous investments aimed at [...]Kenyan Banks Feted for Sustainable Finance Initiatives
26 banks have been recognized for their excellence in adopting sustainable finance practices with Cooperative, KCB and ABSA bank emerging as the overall winners in number 1,2 and 3 respectively. [...]Abdirahman Irro Wins Somaliland Elections, defeats incumbent president
Wadani Party Candidate, Abdirahman Irro, has defeated his opponent from the Kulmiye Party, Muse Bihi, in the just concluded Somaliland Elections. Somaliland has a population of about six million people. [...]SGR Passenger Traffic Drops by 9% in 9 months
The 50% fare hike on the Madaraka Express, Standard Gauge Railway (SGR) that took effect in January continued to depress passenger numbers by 8.8% in the 9 months to September. [...]Cabinet Secretaries Under Pressure to Meet Fresh Performance Targets
Cabinet Secretaries, Principal Secretaries, and other public servants signed new performance contracts at State House on Tuesday, in an event convened by President William Ruto. “I look forward to working [...]Treasury CS Mbadi Moves to Contain Pension Crisis
The National Treasury is seeking to rescue pension funds choking from non-remittance of workers contributions which stood at a staggering Kshs 36,284,729,685 by March 2023. “The object of the appointment [...]Absa Kenya Profits Up 20% KSh 14.8Bn in Q3
Absa Group has posted a 19.8% increase in net profit to KSh 14.8 billion in the 9 months to September from KSh 12.3 billion recorded in the same period in [...]
