Stanbic Bank Kenya Profits Up 32.7% to KSh 9.3 billion
Stanbic Bank Kenya Limited has posted a net profit of KSh 9.3 billion in Q3 2023 compared to KSh 6.9 billion over the first nine months of 2022, a growth [...]
Kenya Identifies 35 State Enterprises for Sale, Listing
The government has earmarked 35 state owned enterprises for outright sale or offering to the public through the Nairobi Securities Exchange. Speaking during African Securities Exchange Association (ASEA) conference in [...]
CBK Collects KSh 26.6 Billion at Weekly T-bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 27.6 billion at this week’s treasury bills auction, a performance rate of 115.1%. The 182-day treasury bills received bids worth KSh 2.37 [...]Kenya Power Picks Deloitte to Lead Board Shake-Up
Kenya Power has hired Deloitte Touche LLP to lead the process of restructuring the utility firm’s Board. Restructuring of the Kenya Power Board is meant to safeguard the integrity of [...]Carbacid Plans Virtual AGM, Stalled Acquisition Likely to Feature
Carbacid Investments Plc, a listed investments firm, has notified its shareholders that the 52nd Annual General Meeting (AGM) will be held at the company’s ALN House Head offices virtually on [...]Kenya to Receive US$682.3M from IMF in Jan 2024
Kenya will access US$ 682.3 million in financing from the International Monetary Fund (IMF) in January 2024. “The agreement is subject to IMF management approval and consideration by the Executive [...]Rebecca Mbithi Exits Family Bank After 5 Years as CEO
Family Bank Chief Executive Officer Rebecca Mbithi, who steered the lender through a turbulent season that included the COVID-19 pandemic, has left the institution after a five-year term at the [...]KCB Group Profits Rise Marginally, Assets Surpass KSh. 2trn
KCB Group is now the first bank in the region with an asset size over Kshs. 2trillion.Mi Vida Homes Breaks Ground on 3 Key Projects
Mi Vida is an institutional homebuilder formed through a joint venture between Actis and Shapoorji Pallonji Real Estate.
Investors Show Interest in 6-month T-Bills-CBK Auction
For the first time in months, investors have begun to show interest in the 182-day treasury bills at the weekly CBK auctions, which received bids worth KSh 9.4 billion out [...]State to Share Data on 7M Creditworthy Hustler Fund Borrowers with Banks
The government will share 7 million consistent Hustler Fund borrowers' data with banks for bigger loan consideration. “These are individuals who could not access credit from banks and other financial [...]CBK Seeks KSh 25bn in Dec. Infrastructure Bond Tap Sale
Central Bank of Kenya(CBK) has floated a 6.5-year infrastructure bond worth KSh 25 billion that will be on sale between 21st November and 6th December 2023. Infrastructure bonds are used [...]
