Equity Group's Q3 2017 Profit before Tax drops by 3.6%
Equity Group released its third quarter 2017 results that saw the lender's Profit before tax slip by 3.6% to KES 20.7 billion compared to KES 21.5 billion in Q3 2016. [...]
Nakumatt Files for administration
Kenya's largest retailer Nakumatt holdings has filed for administration order, a legal status to protect itself from the threat of creditors’ actions. Nakumatt says the primary aim of the order [...]Will the NSE 20 Recover?
The NSE 20 Share Index closed Friday's (October 27, 2017) session at 3,648.31 points. The Index has fallen by 12.8% since touching the year's high of 4,114.01 points on August [...]How to Become a CEO: 6 Steps to Your Dream Career
Whether you are about to head to college or have been stuck in the same job for 20 years, there are countless career paths available for those with ambition, passion, [...]
Coming Soon; Paying for Facebook Ads Using M-Pesa, Airtel Money EazzyPay
According to Techweez, Facebook has began talks to integrate its ads billing system with local mobile money service providers, thereby making it easy for Kenyans to pay for Facebook ads using [...]Rate cap law has failed to achieve desired objectives KBA study
The Kenya Bankers Association's review of the effects of the Banking (Amendment) Act 2016 indicates that the law has largely failed to achieve the desired objectives. The review is based [...]Jumia Kenya starts offering loans to its vendors
E-Commerce platform Jumia Kenya is gearing up for the festive season on all fronts and its latest lending program is no exception. Jumia has partnered with Berlin based start up [...]KPLC’s Profit before Tax drops by 9.7%, Maintains Dividend at KES 0.50
Listed energy company Kenya Power (KPLC) released its FY 2017 results for the period ending 30 June 2017 that has seen is profit before tax go down by 9.7% to [...]Fitch expects Kenya's Interest Rate Cap to be revised but not rescinded
(Fitch Ratings) Kenya's cap on loan rates and its floor on deposit rates have had a dramatic impact on the spread between banks' lending and deposit rates, which have halved [...]CityBlue Hotels announces its first property in Kenya
CityBlue Hotels has announced its first property in Kenya with the opening of the CityBlue Creekside Hotel Suites, Mombasa. The hotel is strategically located in Nyali, close to the [...]Liquid Telecom KETRACO partner to build fibre network across Kenya East Africa
Liquid Telecom Kenya, part of pan-African telecoms group Liquid Telecom, has announced a 10-year partnership with Kenya Electricity Transmission Company Limited (KETRACO) to operate KETRACO’s Optical Ground Wire (OPGW) fibre [...]The rising Popularity of Equity Bank's EazzyLoans
In 2015 Equitel introduced EazzyLoan, a product that made it possible for subscribers to instantly borrow 30-day loans of up to Kshs 200,000 via their mobile phones. A year later [...]
