NCBA Group Plc to Issue a Fat KSh 471.8 Million Dividend Cheque to Shareholders
NCBA Group has declared an interim dividend of KSh 1.75 per share, or payment of a total of KSh 471.8 Million to its shareholders, making it the second listed lender [...]
TikTok Commits to Content Moderation as Debate on Ban in Kenya Gathers Pace
Short-form video hosting service TikTok has committed to reviewing and moderating its content, days after a petition seeking to ban the service in Kenya was tabled in parliament. At a [...]
Kenyan Steel Manufacturers Fined Over Sh300M for Price Fixing
Nine steel manufacturers have been fined for engaging in price fixing and output restriction that has led to an increase in the cost of construction, putting financial pressure on consumers. [...]KCB Group Records 17.9% Decline Net Profit in First-Half of 2023
KCB Group Plc has recorded a Profit After Tax of KES 16.1 Billion for the first half of 2023, representing a decline of 17.9% compared to the same period in [...]Kenya’s Banking Industry Emerges Strong in 2022 -SBI Report
Improved activity in Kenya’s private sector led to credit growth in banking industry, reaching double-digit levels last year. According to the State of Banking Industry Report 2023 by the Kenya [...]Standard Chartered Kenya Half Year Net Profit Up 28% to KSh 6.9Billion
Standard Chartered Bank Kenya posted a 28% rise in Net Earnings to KSh 6.91 Billion at the end of the six months’ period ended 30th June 2023. This is compared [...]IGAD Issues El Nino Alert for Eastern Africa Beginning October
The InterGovernmental Authority on Development(IGAD) Climate Prediction and Applications Centre (ICPAC) announced that the October to December 2023 climate forecast shows high chances of wetter-than-usual conditions across most parts of [...]Carbon Trading: Kenya Private Sector Pushes for Predictable Regulatory Framework
The Kenya Private Sector Alliance (Kepsa) is calling for a predictable regulatory framework for carbon trading. According to the alliance, the framework will enhance transparency in carbon trading and aid [...]SACCOs in Fresh Battle for Nairobi’s Central Business District
Kenyan SACCOs (Savings and Credit Co-operative Societies) in the Deposit-Taking business are in a frantic rush to break their common bond, rebrand, and open up new outlets in Nairobi, ostensibly [...]Treasury Appoints Humphrey Wattanga New KRA Commissioner General
The National Treasury and Economic Planning Cabinet Secretary Njuguna Ndung’u has appointed Humphrey Wattanga new Commissioner General, Kenya Revenue Authority (KRA). “In exercise of the powers conferred by section 11 [...]Kenya’s Tourism Earnings Surge 31% to Sh 152.6 billion in First-Half
Kenya received more visitors from the United States of America in the first-half of 2023, a new report by Kenya Tourism Board indicates. The US led as a source market [...]CBK Seeks KSh 21 Billion in Another Treasury Bonds Tap Sale
The Central Bank of Kenya(CBK) is seeking to raise KSh 21 billion from the market, just days after rejecting numerous bids in a similar tap sale. The state fiscal agent [...]
