IM Bank reports 6.4% decline in net earnings to Sh 7.3Bn, Gross NPLs surge 107% to Sh 19.5B
IM bank has announced a decline of 6.4% in its Profit After Tax for the year ended 31 December 2017 closing in at Sh 7.3 billion. The lender attributed the [...]
Germany's largest private brewer ventures into Kenya
Warsteiner, the premium beer from Germany’s largest private brewery, is now available in Kenya. The new entrant is targeting the premium beer market, which licensed importer and distributor Maxam limited, [...]Gulf African Launches Paperless Banking
Press Release; Gulf African Bank has introduced a new paperless banking technology will keep paper out of the transaction equation in addition to halving the time customers spend in banking [...]Construction of Additional Thika Road Footbridges Finally Begins
The long-awaited footbridges along Thika Road have finally kick-started with Kenya National Highways Authority (KeNHA) saying construction works have already begun on the Witeithie footbridge in Juja. The Authority also [...]
Five Kenyan Authorised Economic Operators Gain Regional Recognition Through KRA’s Recommendation
The Kenya Revenue Authority (KRA) has recommended five Kenyan Authorised Economic Operators (AEOs) for regional, thereby receiving certification from the East African Community (EAC). The five AEOs are Isuzu East [...]Family Bank reports Sh 1 Billion Loss!
Family Bank reported a full year net loss of Sh 1.0 Billion in line with their earlier profit warning announcement that earnings would potentially dip by more than 25%. This is [...]10 Simple Ways to Build Wealth
By Mihr Thakar 1. Learn Knowledge breeds decision making skills and infuses a person with the confidence to take risks. Reading books, articles and even audiovisual learning is the key [...]Diamond Trust Bank net profit down 10.6%, Gross NPLs up 116% to Sh 12B
Diamond Trust Bank has posted a decline of 10.1% in full year 2017 profit after tax to Sh 6.4 Billion as net interest income grew slightly by 1.5% to Sh 19.7 [...]Kenya Power Launches Customer Support Programme for Large Power Consumers
Kenya Power has launched a customer engagement programme that targets industrial and commercial consumers. The programme aims to identify supply issues and create a resolution matrix that is tailored to [...]SimbaPay Has Launched Pan-African Remittance Chatbot in Partnership with Interswitch
SimbaPay, a London-based digital money transfer provider, has launched an Artificial Intelligence-powered chatbot service which enables international money transfers (remittances) through SMS. The chatbot service also allows 24/7 instant customer [...]Abraaj is selling its Kenyan interests including Java 10% Brookside stake
Dubai-based private equity firm Abraaj Group is looking for a buyer of its private equity business which includes major stakes in more than 200 companies according to reports by Wallstreet Journal. [...]GSMA Opens new regional offices in Kenya
GLOBAL System for Mobile Communications, commonly referred to as GSMA, has opened new offices in Kenya to work closely with its members and other industry stakeholders across the continent. “The [...]
