Stanbic Bank Q1 Profit Declines to KSh 1.5 Billion
Stanbic Bank posted KSh 1.5 Billion net profit in the three months to March, becoming the first lender to release its Q1, 2020 financial results. The net profit dropped from [...]
KQ May Lose Up to 76% of Travel Market by December
Kenya's national carrier, Kenya Airways (KQ), may lose up to 76% of its passenger market by December 2020, owing to the coronavirus pandemic. This statement was made during a webinar [...]
Moody's Issues Negative Rating to Kenya's Top Three Banks
Moody's rating agency has altered its assessment of KCB, Equity and Co-operative, Kenya's three largest retail banks' long term deposit ratings to negative from stable. This action follows Moody's recent [...]Huawei and partners launch 2021 graduate recruitment program
Huawei Kenya in partnership with several business partners have collectively launched a graduate recruitment programs creating over 30 job and internship opportunities. The positions were unveiled during the Huawei ICT [...]
T-Bill Auction Raises Ksh23.97B
CBK reveals that 91, 182, and 364-day T-Bill auctioned this week raised Ksh23.97 billion against an advertised Ksh24 billion representing 100 percent performance rate. The next T-bill auction will occur [...]
Abraaj Kenya Advisers Dissolved
Abraaj Kenya Advisers Limited, part of The Abraaj Group- a private equity firm operating in six continents, has been dissolved. The company which folded its operations in Kenya late last [...]Banks Dominate as Turnover at NSE Slides to KSh 439 Million
There was subdued activity at the Nairobi Securities Exchange(NSE) on Thursday's trading session, with Market turnover sliding to KSh. 439 Million from the previous session’s KSh. 630 Million. The number [...]Kenyan Banking Industry to Survive Pandemic, KBA survey
The Kenya Bankers Association(KBA) has indicated that a financial crisis in Kenya is unlikely due to the high levels of liquidity within the banking system. We anticipate the banking industry [...]Kenya Power Preference Shareholders to Receive Dividends
Kenya Power has notified shareholders that the half-yearly dividends due on 30th June 2020 on the 4% and 7% cumulative preference shares will be paid to shareholders registered in the [...]Global Markets News Headlines
US stock markets on Wednesday fell at the closing bell after Federal Reserve Chair Jerome Powell announced that the central bank is not considering turning to negative interest rates. He added [...]KCB Group to hold virtual AGM
Directors of Kenya Commercial Bank(KCB) Group have issued a notice to shareholders on the forthcoming 42nd Annual General Meeting (AGM), to be held through electronic means. This follows a Court [...]Britam Plc Appoints New Deputy Chairman
Britam Holdings Plc has announced the appointment of Mr Mohamed Said Karama as the Board's Deputy Chairman, in accordance with Articles 116 of the company's Articles of Association. His appointment [...]
