CBK Approves 62.5% Acquisition of First Community Bank by Premier Bank LTD, Somalia
The Central Bank of Kenya (CBK) has approved the acquisition of 62.5 per cent of the shareholding of First Community Bank Limited (FCB) by Premier Bank Limited, Somalia (PBLS) effective [...]
Kenya and US to Hold In-Person Trade Talks in April 2023
Kenya and the United States will hold in-person trade talks from April 17 to 20, 2023. The talks will focus on proposals adopted from draft negotiations initiated in July 2022. [...]Dividend Aristocrats In Focus: Johnson Johnson
First Published on February 13th, 2023 by Samuel Smith for SureDividend Johnson Johnson (JNJ) is a company that many investors are likely familiar with. JJ has been in operation [...]
KCB to Pump an Additional KES 938 Million into National Bank
KCB Group is set to inject an additional KES 938.8 million into the National Bank of Kenya (NBK) to help the subsidiary conform with the Central Bank of Kenya (CBK) [...]
Safaricom Inks Deal with Huawei to Unveil 5G Experiential Centers
Safaricom has inked a deal with Huawei to unveil 5G network experiential centres across Nairobi to give consumers a sneak preview into how the super-fast internet connectivity works. The three [...]Tough Times Ahead as the Shilling Hits A Record Low of KES 129 Against the Dollar
Consumers should brace for harder times ahead as the Kenyan shilling hit an all-time low of kes 129 against the dollar signalling higher costs of imports coupled with a shortage [...]Govt to Borrow KES 700 Billion to Address the KES 3.6 Trillion Budget Deficit
The Government is to borrow KES 700 billion to finance KES 3.6 Trillion budget deficit for the fiscal year 2023/2024. The 2023/24 budget is set to increase by KES 251 [...]Kenya Signs Green Energy and Ammonia Deals with an Australian Green Energy Company
Kenya has signed an agreement with Fortescue Future Industries (FFI), an Australian green energy company, to progress towards developing a major green energy and fertiliser project together. The purpose of [...]Co-operative Bank Records a Net Profit of KES 22 Billion in 2022
The Co-operative Bank Group's recorded a net profit of KES 22 billion during the full-year period ending in December 2022. Supported by growth in key income streams, the lender's profit [...]NBK Reports a 24.7% Decline in 2022 Profits to KES 828 Million
The National Bank of Kenya (NBK) recorded a profit of KES 828 million for the financial year ending on December 31, 2022, representing a 24.7% decrease from the KES 1.1 [...]George Kamal Appointed to the Reinstated Position of COO at KQ
Kenya Airways (KQ) has reinstated the position of Chief Operating Officer (COO), which was abolished almost three years ago, and has appointed Captain George Kamal as the new COO starting [...]Millennials Driving Car Sales Up In Kenya
Millennials are a driving force behind the rise in car sales in Kenya, and there are several reasons why this is the case. Kenya has been experiencing steady economic growth [...]
