Family Bank Group Net Earnings up 71.2% to KSh 510 Million in Q1, 2021
Family Bank Group posted net earnings of KSh 510.2 Million in Q1 2021 compared to KSh 297.9 Million in Q1, 2020, an increase of 71.2%. The lender's pre-tax profit for [...]
Kenya to get US$750 Million from World Bank in a fortnight
Kenya expects to receive a loan of US$750 Million from the World Bank in the next two weeks to support its budget. This disclosure has been made by the Central [...]CBK Accepts KSh 20.6 Billion at Weekly T-Bills Auction
The Central Bank of Kenya accepted KSh 20.6 Billion out of bids worth KSh 36.6 Billion at the weekly Treasury Bills auction, a performance rate of 152.41%. The one year [...]Central Bank Retains Rate at 7% as Economy Recovers Slowly
The Central Bank of Kenya maintained the benchmark rate at 7% for the eighth consecutive time during Wednesday's Monetary Policy Committee meeting. The committee said that leading economic indicators show [...]
Toyota Tsusho Announces Investment in AiCare, a Kenyan Telematics Insurance Provider
Toyota Tsusho Corporation has announced an investment in Kenyan telematics insurance provider AiCare Group.A press releasereveals that Toyota Tsusho will offer the investment via its corporate venture capital subsidiary Mobility [...]
KCB's Gross Bad Loans Rise to KSh98 Billion in Q1 2021, the Highest Level on Record
KCB Group's gross bad debt grew in the first quarter of this year to KSh98 billion, the highest level ever recorded by the bank, from KSh66.2 billion in the first [...]Equity Group's Q1 Net Profit Rises by 63% to KSh8.6 Billion
Equity Group, East Africa's largest lender by customer numbers, has reported a KSh8.6 billion net profit at the end of the first quarter of 2021, a 63% improvement from KSh5.3 [...]Serena Hotels Posts its Biggest Loss Ever After Tough Year
TPS Eastern Africa, the company that owns and operates Serena Hotels, has reported a net loss of KSh1.2 billion for the year 2020, its biggest loss ever, after a tough [...]NCBA's Q1 Profit Rises 74% as Deposits Surge to KSh 432.2 Billion
NCBA Bank has posted strong financial performance in the first quarter of 2021 after improved activity across all its segments. The bank's profit after tax jumped to KSh2.84 billion, a [...]Afro-Optimism, Technology Africa's Budding Future
Ayé Africa eh, Oh Africa oh dipanda Ayé Africa eh, Oh Africa oh liberté Franklin Boukaka, Manu Dibango Le Bucheron. In March, we marked one year since the demise [...]
Crown Paints' KSh711 Million Rights Issue to Begin Trading on 10th June 2021
Crown Paints, a major paint manufacturer in Kenya and the East African region is in the process of issuing new shares through a rights issue. The company plans to raise [...]CMA Regulatory Sandbox Admits Two More Fintechs
The Capital Markets Authority (CMA) has admitted KOA Save Africa Limited and Moneto Ventures Limited to the Regulatory Sandbox. The two firms will test their innovations in a live capital [...]
