CMA's Second quarter regional performance
CMA recently released the Capital Markets Soundness Report for the second quarter of 2019. The report notes that the trade disagreements between Kenya and Tanzania have substantially affected intra-regional trade. [...]
KRA increases revenue collection but misses the target.
The Taxman report shows that revenue collection increased in the last tax year by KSh145 billion from a collection of Ksh1.435 trillion in 2017 to KSh. 1.58 trillion in 2018. [...]
Home Afrika Appoints Luke Kinoti as Non-Executive Director.
Home Afrika Ltd announced the appointment of Mr Luke Kinoti as a non- executive director with effect from 24 July 2019. His appointment comes shortly after the company reported an [...]Equity Bank’s Jack Ngare moves to Microsoft
Jack Ngare, the head Equity Bank’s Finserve platform has been appointed to lead Microsoft’s Africa Development Centre (ADC), a research and development facility based in Nairobi. Jack is the current [...]
ICPAK Ushers in New Council.
The Institute of Certified Public Accountants of Kenya recently welcomed a new council after an election earlier this year. The new council is led by CPA Rose Wairimu Mwaura, the first [...]Softa Bottling Company Exits the Market
On the 30th July, The Kenya Gazzette issued a notice of intended dissolution of Softa Bottling Company Limited. This gives the company three months to show a cause of contrast [...]All imported cargo to be transported via SGR
Kenya Revenue Authority and Kenya Port Authority issued a joint directive on Saturday ordering all imported cargo to Nairobi and beyond be transported on the SGR. The directive will take [...]Equity Bank picks Gerald Warui to succeed Igathe
Equity Bank Kenya has appointed one of its own, Gerald Warui, to take up the role of Managing Director after the exit of Polycarp Igathe. He will lead the Kenyan [...]NSE Delays Opening after a System Glitch.
Trading at the NSE started two hours late after the Security exchange experienced a system glitch. The market normally opens at 9.00 am but today it has opened at 11.30 [...]NSE 20 Share Index dips to a 10 year low
Source: BloombergDigitization is Driving Equity Group's Growth in Kenya's Banking Sector.
Equity bank's innovative business strategy centered on digitization and virtualization successfully saw the bank grow its half year pretax profits by 10% in the first quarter of 2019. Mobile transactions [...]97% of Equity Group banking transactions done outside the branch network
Equity Group Holdings recently released their half year financial results. The group registered an 18% growth in total assets. Interest earning assets grew by 15% to KSh500.5 billion, this was [...]
