Kenya's Central Bank approves National Bank acquisition by KCB Group
The Central Bank of Kenya (CBK) has approved the acquisition of 100 per cent shareholding of National Bank Limited (NBK) by KCB Group PLC. In the press release, CBK said [...]
Liberty Kenya profits increase by 35.8% to KSh392 million
Liberty Kenya recently released its half-year results for the period ended 30th June 2019. It reported a gross earned premium revenue of Ksh 5.24 billion a 3.86% increase compared to [...]
Home Afrika reports KSh95 million pretax loss in the first six months of 2019
Home Afrika has recently released its half-year results for the period ended 30th June 2019. Home Afrika reported a 3 percent drop in revenue to Ksh103.26 million from Ksh106.72 million [...]Inflation and CPI declines in August
Monthly data from the Kenya National Bureau of Statistics (KNBS) shows a decline in inflation and Consumer Price index (CPI) in August. The inflation rate recorded a 0.9% decline in [...]UAP Holdings reports 101% growth in half-year net profits
UAP Holdings has released their its half year results for the period ended 30th June 2019 with gross written premium increasing by 1.8% to ksh 9.912 billion. The gross earned [...]Sameer Africa Appoints New Managing Director
Sameer Africa PLC has appointed Mr. Peter Gitonga as an acting Managing Director, with effect from 28th August 2019. Having previously served in various capacities at senior management level in [...]World Bank Expatriate to drive Equity Bank’s Pan African expansion
Equity Bank has appointed John Wilson as Group Chief Operating Officer (COO). He will lead the bank’s Pan African expansion strategy as well as accelerate the digitization efforts. The Pan [...]KCB to take over 7.5% of Imperial Bank's outstanding deposit balance.
KCB will take over 7.5 % of the outstanding deposit balance of Imperial Bank's deposits. The deal will push the recovery rate to depositors of Imperial Bank (under receivership) reach [...]Africa's First Hybrid Renewable Energy System to be established in Meru
Meru will host Africa’s first large scale hybrid wind, solar, and battery renewable energy system. The project comes after the Kenya Investment Authority and the county government signed an MoU [...]Safaricom's dividend payout increases by 70%
Safaricom has announced that it will pay Kshs 74.92 billion in its 2019 Financial Year. The dividends include Kshs 50.08 billion for ordinary shares as well as Kshs 24.84 billion [...]Six Useful Habits to Make You Wealthy and Financially Successful
Have you started planning personal finances and saving? There is no age that is too young for that. These six steps will contribute to your well-being. Smart Money Moves to [...]M-pesa plans to expand into Ethiopia and Nigeria
Safaricom’s mobile money service is looking to expand into Ethiopia and Nigeria according to the interim CEO Michael Joseph. The innovative service has tremendously grown since its launch in 2007. [...]
