Diamond Trust Bank Half-year Net Earnings Decline to KSh 2.6 Billion
The restructuring of a huge chunk of its loan book pushed down the Net Earnings of listed Diamond Trust Bank (DTB) to KSh 2.6 Billion from KSh 4.1 Billion recorded [...]
Kenya Govt to Disable PINs of tax Cheats
The Kenya Revenue Authority (KRA) plans to disable the Personal Identification Numbers (PINs) of firms and individuals suspected of evading taxes. This drastic measure is expected to cut off affected [...]Kenya Running Out of Time to Ink Post-Brexit Trade Deal as Deadline Inches Closer
Kenya is running out of time to sign a UK post-Brexit trade deal, as the December 31 deadline approaches. The country has four months until the current trade agreement lapses, [...]
NSE Daily Turnover Trebles to KSh 854.5 Million
Equity turnover at the Nairobi Securities Exchange(NSE) more than trebled to KSh 854.49 Million when trading at the bourse closed on 25th August 2020. This was on a volume of [...]Regulators Caution Against Unlicensed Financial Services
Financial regulators in Kenya have today warned the public against investing in fraudulent and unlicensed financial services. A joint notice from the Central Bank (CBK), Capital Markets Authority (CMA), Insurance [...]Stanchart Half-year Net Earnings Slump to KSh 3.2 Billion
Standard Chartered Bank Group has reported a decline in its half-year net earnings to KSh 3.2 Billion. This is compared to KSh 4.7 Billion posted over a similar period last [...]Jamii Bora Bank Becomes Kingdom Bank Limited Following Co-op Bank Acquisition
Jamii Bora Bank has changed its name to Kingdom Bank Limited following successful acquisition of 90 percent of the issued shares by the Co-operative Bank of Kenya. In a [...]
Caritas Microfinance Joins Kenya Bankers Association
Caritas Microfinance Bank has joined the Kenya Bankers Association (KBA) as the 47th member. KBA says that the move was enabled by a 2013 amendment that allowed the body to [...]Government Conducts Forensic Audit as Tullow Resumes Turkana Oil Operations
Tullow Oil will resume its operations in Turkana after the company issued a notice lifting its earlier force majeure. Tullow Oil partner, Africa Oil Corp announced that the company would [...]Competition Authority of Kenya Launches E-Filing Portal
The Competition Authority of Kenya (CAK) has announced the full operationalization of the E-filing portal from September 1, 2020 it will cease receiving physical applications. Therefore, all technical services; filing [...]Standard Chartered Investment H1 2020 Net Earnings Drop to KSh 241.7 Million
Fund Management firm, Standard Chartered Investment Services (SCIS) Limited's Net Profit declined slightly to KSh 241.7 Million in the six months ended 30th June 2020. This is compared to KSh [...]Turnover at NSE Declines to KSh 260.89 Million
Turnover at the Nairobi Securities Exchange (NSE) fell to KSh 260.9 Million at the close of trading Monday 24th August 2020 on a volume of 10.97 Million in 829 deals. [...]
