NSE reports 72% Growth in half year profit after tax
The Nairobi Securities Exchange (NSE) has posted an impressive 72.2% growth in its half year net earnings to Ksh 133.9 million from Ksh 77.8 million in the same period last [...]
Private Sector Credit Growth Expected to Continue Rising MPC
Banks expect to increase their lending this year which will lead to the increased growth of private sector credit according to the latest Monetary Policy Committee survey. The committee says [...]Tuskys to Hold Gigantic Sale Grand Finale From 30 Aug-2 Sept
Tuskys Supermarket is set to hold a grand finale of its ongoing Gigantic Sale from 30 August to 2 September 2018 as part of its campaign to give back to [...]Real Estate Among Sectors with Highest Value of Kenyan Bank's NPLs CBK
The largest number of banking sector gross loans and advances were channelled through real estate, manufacturing, personal/household, and trade according to the Central Bank of Kenya's bank supervision annual report [...]Parliament Fails to Repeal the Rate Cap Law; Rate Cap Ceiling on Loan Rates Remains
Parliament has proposed amendments to the interest rate capping law that could bring the lending rate to 11.6 per cent compared to the current maximum interest of 13 per cent. [...]Kenya’s Lendable' receives $4.5Mn grant from Dutch Devt Bank
Dutch Development Bank FMO has extended a convertible grant to Kenya based FinTech platform ‘Lendable’ that will be used to fund loans from latter's alternative lender clients across Africa to [...]Tier 3 Retailers Took Up 60% of Nakumatt's Market Share After Collapse
Tier three retailers took up about 60 per cent of Nakumatt's market share after its collapse according to Tuskys chief executive Dan Githua. This is contrary to the general feeling [...]Kenya’s CMA Recognised as 2018's Most Innovative Regulator
Kenya’s Capital Markets Authority (CMA) has once again been recognised as the Most Innovative Capital Markets Regulator in Africa 2018' by the International Finance Magazine. The award comes after the [...]Safaricom emerges 19th in FORTUNE’s ‘Change the world List’
Safaricom has been ranked at position 19 by the US based FORTUNE ‘Change the World’ list of companies that are doing well by doing good in the society. The list [...]Tuskys Online Provides an Opportunity for Selling Products at Lower Costs, Says CEO
Tuskys Online provides an opportunity for selling products at lower costs compared to the items sold in physical stores according to the retailer's chief executive Dan Githua. This is because [...]Kenya's Central Bank Says It's Open To Blockchain Other Emerging Technologies
According to the bank supervision annual report 2017, the Central Bank of Kenya (CBK) says it is open to emerging technologies while a number of Kenyan banks have engaged the [...]Nominations for Young Entrepreneur Awards (YEA) kick off
The nominations process for the inaugural Young Entrepreneurs Awards (YEA) is officially open to Kenyan business owners between ages 18-35 years. The YEA awards will be hosted by Kenya’s SME [...]
