Banks not well equipped to confirm procurement payments by organisations on following due processes James Mwangi
Equity Group CEO Dr James Mwangi says banks are not well positioned to execute a regulation by the Central Bank of Kenya which requires one to give full disclosure on [...]
Stanchart Kenya unveils revamped mobile digital bank
Standard Chartered Bank Kenya has unveiled its revamped internet banking platform to offer current and potential customers exceptional online banking experience 24/7. The new mobile app, developed at a cost [...]
Kenol Kobil shares to remain suspended at the NSE
Following the successful takeover deal by Rubis Energie, shares of the energy firm Kenol Kobil will remain suspended at the Nairobi Securities Exchange. The announcement was made by CMA in [...]
KCB Group reports impressive performance outside Kenya
KCB group’s earnings before tax grew by 16 percent to reach KSh34 billion. The bank’s regional operations experienced the highest growth of 64 percent in earnings before tax. Tanzania was [...]Vivo Energy Kenya Records 5% Decline in Revenue
Vivo energy Kenya unit recorded a revenue decline of five per cent from Sh134 billion in 2017 to Sh127 billion in December 2018. The firm's operations in 24 African countries [...]Barclays Bank Kenya after tax earnings grow by 7%
Barclays Bank of Kenya has booked Ksh7.4 billion profit after tax for the financial year 2018 equivalent to 7% gain compared to 2017’s earnings. The growth was supported by the [...]KASNEB to include digital assets in its syllabus
The accountants' examination body of Kenya KASNEB has announced proposed changes to its syllabus. The move has been made in an attempt to keep up with the fast changing technological [...]Air France to add two weekly flights to Nairobi
French national carrier Air France has said it will add two additional weekly flights between Charles de Gaulle Airport and Jomo Kenyatta International Airport in order to boost its expansion [...]Gov't Plans to Sell KMC to Private Investor
Government is now seeking to sell Kenya Meat Commission to a private investor who will inject capital to revive the loss making parastatal. The country's Agriculture Cabinet Secretary Kiunjuiri says [...]Kenol Kobil takeover by Rubis Energie 97% successful
Rubis energie has announced exemplary performance of its takeover bid for Kenol Kobil shares. Investors in Kenol Kobil offered 1,145,757,700 shares up for sale; equivalent to 96.85 percent of shares [...]Good news for importers as Kenya Shilling strengthens
The value of the Kenyan shilling yesterday appreciated to levels last seen in July 2015. At some point, it exchanged for 99.75 to 1 US dollar. The rise in value [...]Kenyan lawmakers seek regulation of mobile-based lenders
Kenya has approximately 45 digital lending platforms which provide quick and easily accessible loans to individuals and small businesses. The industry remains largely unregulated and most of the lenders attach [...]
