IM Bank Q3 Earnings Decline 22% to Sh 3.9 Billion
Tier two lender IM Bank Kenya has reported its financial results for the nine month period ended September 2017 with net earnings declining by 22% to Sh 3.9 Billion. Highlights [...]
Centum Half Year 2018 Results, Update on Two Rivers Mall
Kenya's largest publicly traded investment firm, Centum Investments has reported a 21% decline in profit before tax for the half year 2018 period to Sh 2.2 Billion from Sh 22.7 [...]Kenya Govt Asks Banks to Submit Sh 206 Billion Eurobond Proposal
The Kenyan Government has asked banks to submit proposals to arrange a Sh 206 Billion ($2 Billion) eurobond issue according to reports by Bloomberg. The proposals for the bond are [...]Housing Finance Posts an 81% Decline in Q3 2017 Profits Before Tax
Lender Housing Finance released its third quarter 2017 results that saw Net Interest Income drop by 30% to KES2.18 billion. Non-Interest Income decreased by 4% to KES 644.6 million versus [...]Israeli PM Netanyahu to attend inauguration of Uhuru Kenyatta
According to the Times of Israel publication, PM Benjamin Netanyahu will to fly to Nairobi next week to attend the inauguration of President Uhuru Kenyatta. Netanyahu will fly in Tuesday [...]Bitcoin Case at Kenya's Milimani Law Courts Sets Precedence
November 28, 2017 Three peer-to-peer bitcoin traders in Kenya were charged with conspiracy to commit a felony at the Milimani Courts in Nairobi on Wednesday morning. Emma Kariuki, Stanley Mumo [...]NIC Bank Q3 Net Earnings Dip 1.3% to Sh 3.3 Billion
NIC bank net earnings for the third quarter of the year slightly dipped by 1.3% to Sh 3.3 Billion as total Interest income fell by 8.4% to Sh13.5 Billion. Net [...]Kenya hosts East Africa Rail conference 2017
(Press Release) Kenya hosted a 2-day East Africa Rail Conference 2017 that brought together over 300 rail industry players and experts from Africa and beyond. The event that took place [...]CBK Retains Key Rate for the 14th consecutive meeting
In its last meeting of 2017, the central bank of Kenya kept its benchmark interest rate unchanged at 10 percent for the 14th consecutive meeting on November 23rd, 2017, as [...]Guest Opinion; Counties are ripe for investments
Amazon, the American retail giant is scouting for its second headquarters. Many cities are scrambling to be picked and Amazon is considering various factors including availability of skilled labor force. [...]Barclays Kenya Q3 Earnings Drop by 12%, Blames Politics Rate Caps
Barclays Bank of Kenya Ltd has made public its financial performance for the first nine months (Q3) of the year with net earnings dropping by 12 percent to Sh 5.33 [...]How To Get Started with Bitcoin Cryptocurrencies in Kenya
By Michael Kimani; Published on 23rd November 2017, Updated on 29th November 2021 An air of mystery surrounding cryptocurrencies is holding back Kenyans from taking part in an ongoing massive [...]
