HF Group reports Sh 652 million loss, NPLs up 56%
In 2018 earnings, Housing Finance reported pre-tax losses of KSh652 million from KSh334 million pre-tax profits made in the same period 2017. The company’s interest income declined by 15% to [...]
Stanlib Fahari I-REIT net profit up 13% to Sh 193 million
Stanlib REIT’s net earnings grew by 22 million to reach KSh193 million in 2018. Revenue grew by 23 percent from KSh271 million to KSh332 million largely driven by higher rental [...]Liberty Kenya net profit down 10% to KSh 608 million
Financial services provider Liberty Kenya holdings recorded a 10 percent decline in its 2018 net earnings to KSh608 million. Gross premium revenue decreased by 3 percent from KSh10.5 billion to [...]Williamson Tea Issues Profit Warning
Williamson Tea Kenya Plc has issued a profit warning indicating that its earnings of the financial year ending 31st March 2019 are expected to be at least 25% lower than [...]
National Bank Kenya pretax profit declines by 42% to Sh456M
National Bank has recorded a 42 per cent drop in 2018 pretax earnings to book KSh456 million from KSh785 million. The lender attributes the decline to a rise in loan [...]Total Kenya earnings down 18% to KSh2.3 billion
Energy company Total Kenya recorded an 18 per cent drop in net profit to earn KSh2.3 billion from KSh2.7 billion earned in 2017. The company blamed volatile international oil prices [...]Kapchorua Tea Issues Profit Warning
Listed agricultural firm Kapchorua tea has issued a profit alert indicating that its full-year earnings for the year ended March 2019 are expected to decline by at least 25 per [...]Sidian bank posts Sh 392M loss, Customer deposits up 33%
Sidian bank has posted a KSh 392 million loss in 2018, an improvement from the KSh422 million loss posted in 2017. The loss resulted from higher operating expenses which shot [...]Central Bank retains key rate at 9%
Central bank’s monetary policy committee met yesterday and resolved to keep the base lending rate unchanged at 9 per cent. The decision was informed by the stable macroeconomic environment, anticipated [...]Online Marketplaces Could Create 3 Million Jobs in Africa by 2025
A recent report by Boston Consulting Group (BCG) shows that marketplaces such as Jumia, Souq, Uber, and Travelstart could create around 3 million new jobs by 2025 across Africa. These [...]
Lifestyle Audits on Owners and Managers of Kenyan Saccos
The Ethics and Anti-Corruption Commission and the State Department of Co-operative societies have signed a memorandum of understanding that will see owners and managers of SACCOs be subjected to lifestyle [...]Coca-Cola West Africa President Peter Njonjo takes over as Twiga Foods CEO
Fresh produce and fast-moving-consumer-goods aggregator Twiga Foods has announced the appointment of Peter Njonjo as its Chief Executive Officer. Mr Njonjo, a Kenyan with vast experience spanning 21 years at [...]
