Stima Sacco net profit up 52% to KSh 849 million
Stima Sacco posted impressive results in 2018 growing its net profit by 52 per cent to KSh 849 million from KSh560 million posted in 2017. The jump in net profits [...]
Lafarge executive Joins Bamburi Cement Board
Bamburi Cement Ltd has appointed Vasileois Karalis as a member of the Board of Directors following the resignation of Olivier Gultton. Currently, Vasilelos is LafargeHolcim Head of Finance for East [...]
Barclays CEO assures safe banking for customers
Barclays Bank of Kenya has affirmed that all currency dispensed over the counters and ATMs is genuine dispelling the anxiety caused following the Sh2bn fake cash saga at its Queensway [...]NSE Plc net profit declines by 12% to Sh 191 million
The Nairobi Securities Exchange net profit for 2018 dropped 12 percent to KSh191 million from KSh216 million earned in 2017. The company’s total income went up by 4 percent from [...]StanChart earnings up 17% to Sh8 billion
Kenyan unit of Standard Chartered Bank net profit for 2018 grew by 17 per cent to KSh8.1 billion mainly driven by income from government securities which increased by 10% to [...]Chinese firm says Nairobi-Naivasha SGR 70% Complete
The China Communication Construction Company says it has laid 86 kilometres out of the overall length of 120.49 km of the Nairobi-Naivasha Standard Gauge Railway, signifying a 70 per cent [...]Potential removal of rate cap is credit positive for Kenyan Banks: Moody’s
A recent High court ruling declared the law on lending rate caps as unconstitutional. The court gave a period of 12 months for the law to be reviewed. According to [...]Co-op bank net profit up 11.6%, bad loans up 41% to Sh 25 Billion
Co-operative bank full year 2018 net profit rose by 11.per cent to Sh12.7 billion. Interest income for the period rose by 6.6 per cent to KSh43 billion as non-interest income [...]35% of Kenyan Family Businesses Vulnerable to Digital Disruptions PwC
A recent survey by PwC reveals that 35 percent of family businesses feel vulnerable to digital disruption compared to 30% globally with the majority of the enterprises (67 %) of [...]NIC Group Net profit Up 2% to Sh 4.1Bn
NIC group recorded a marginal growth of 2 per cent in net profits from KSh4.1 billion earned in 2017 to KSh4.2 billion in 2018. Interest income from loans and advances [...]Regulator Approves Acquisition of Cemtech by Simba Cement
Competition Authority of Kenya has approved the acquisition of Cemtech by Devki Group owned Simba Cement. Cemtech is a subsidiary of Indian conglomerate Sanghi Group. The proposed transaction, therefore, involves [...]DTB net profit up 2% to KSh 7 billion
Diamond Trust Bank (DTB) Kenya after-tax profit grew slightly by per cent to reach KSh7.1 billion from KSh6.9 billion earned in 2017. Operating profit moved up 9 per cent to [...]
