Digitization to drive private business growth in Africa, are businesses ready?
A survey by PWC reveals that African business owners are optimistic that their revenues will grow in the next 12 months. Moreover, 81% of the continent's business owners believe that [...]
Barclays Kenya Posts 19% Growth Normalised Pre-Tax Profit in Half Year 2019 to Kshs 6.3 Billion
Barclays Bank of Kenya has today reported a normalised profit before tax of Kshs. 6.3 billion for the period ended 30 June 2019, a growth of 19% compared to a [...]
Treasury disburses KSh314B to counties
The National Treasury released Kshs 314 billion for the financial year 2018/2019. Additionally, county governments received KSh7.4 billion collected from the Kenyan Roads Board. In total, the devolved units have [...]Standard Group reports 85% drop in half-year profits
Standard Group's half-year profits declined by 85 percent to KSh19 million from KSh126 million. The media firm reported a 0.18 percent increase in revenue to Ksh 2.4 billion compared to [...]IM first-half profits increase by 17% to KSh4.5 billion
IM holdings recently released their half-year results. The bank's net profits jumped up by 17 percent from KSh3.9 billion in the first half of 2018 to KSh4.5 billion in the [...]KCB’s investment in technology pays off
KCB Group invested in innovation leading to the development of new digital solutions. A 2018 comprehensive upgrade of the platform is paying off as it drives efficiency and deepened accessibility [...]
Perils of digital lending
When digital lending was first introduced in Kenya in November 2012 through M-shwari, a collaboration between Commercial Bank of Africa (CBA) and Safaricom, its main aim was to be used [...]Eaagads AGM Set for 25th September
EAAGADS Limited has set Wednesday, 25th September 2019 as the date for their Annual General Meeting at Eaagads Estate, Eaagads Limited, White Sisters Road, off Thika-Mang’u Road, Thika, at 11:00 [...]KCB revises Timetable for NBK take-over offer
The offer to swap NBK shares for KCB Group shares will close on 30 August 2019 at 5 pm. The KCB Group will seek requisite corporate and regulatory approvals for [...]Equity Group's Finserve future uncertain after Key managers quit
Equity Group is considering separating its Finserve Africa business from the main business. This follows the resignation of two key managers in the company. According to an insider's opinion, Finserve's [...]Director of New X-TIGI technology charged with tax evasion amounting to KSh194 million
A Chinese national, Mr. Gao Fei, was on Tuesday charged at the Milimani Law Courts for tax evasion amounting to approximately Ksh194 million. Mr. Gao Fei is the director of [...]NSE posts 82% drop in mid-year profits to KSh 24 million
The Nairobi Securities Exchange has recorded a massive decline in the half-year results from a net profit of KSh134 million in June 2018 to KSh24 million in June 2019. The [...]
