Telematics technology helping businesses to make significant savings
By Nixon Kanali Telematics technology is revolutionizing the fleet management industry across the world. The technology is playing a key role in reducing resource expenditure and increasing resource savings for [...]
Coop Bank HY 2017 Net Profit Declines 10% as account holders hit 6.53M
Cooperative Bank of Kenya (Stock; Coop) has reported its Half Year 2017 results with after tax profit declining by 10.4% to Sh 6.64 Billion. The bank said the drop was [...]HF Group Half Year 2017 Net Profit Declines By 74%
Nairobi Securities Exchange listed integrated financial and property services provider Housing Finance Group (HF Group) posted half year after tax profit of Kes 159 million for the period ending June 30, [...]How to Build More Connected and Inclusive Cities
By Carlos Menendez, Carlos J. Menendez is president, Enterprise Partnerships, for Mastercard. In this role, Mr. Menendez is responsible for expanding the company’s operations globally with partnerships in the Smart [...]Russia's 10th Largest Bank seeks Business Expansion in Kenya Other African Countries
Privately owned Russian lender Promsvyazbank from Moscow is looking to expand into Kenya other African markets because of sluggish loan demand at home, Reuters reports. Alexander Meshcheryakov who is the head of [...]Kenyan National Rosemary Mukami Kariuki Appointed World Bank Country Manager for Zimbabwe
Ms. Rosemary Mukami Kariuki, a Kenyan National, is the new World Bank Country Manager for Zimbabwe. In her new position, Ms Kariuki’s top priorities will be to provide strategic leadership [...]Abu Dhabi Global Market Kenya Markets Regulator form Fintech Bridge to support cross border activities
Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Capital Markets Authority (CMA) Kenya signed a Cooperation Agreement which provides a framework for cooperation to [...]Barclays Kenya Retains Dividend Despite Drop in Half Year 2017 Profit
Barclays bank of Kenya (Stock; BBK) has released its half year 2017 financial performance. Major Highlights; Profit before Tax fell by 11.52% to Sh 5.2 Billion from Sh 5.8 Billion. [...]Nearly a Million Kenyan Taxpayers Who Failed to File Their Tax Returns Face KRA Fines
A total of 953,971 Kenyan taxpayers who did not file their tax returns by the deadline day are staring at penalties by the Kenya Revenue Authority (KRA). Out of the [...]
National Bank of Kenya partners with WorldRemit to offer instant money transfers to Kenya
Digital money transfer service WorldRemit and the National Bank of Kenya (NBK) have launched a partnership to enable Kenyans living abroad to make instant transfers home. The partnership will see WorldRemit [...]Opinion; Why Investors should be skeptical of Safaricom’s ecommerce business
By Edwin Ngarari Safaricom (NSE: SCOM) has announced that it would be launching its own ecommerce site dubbed Masoko sometime in the near future. By leveraging it M-pesa platform and extensive [...]Surge in Kenyan Banking Stocks Triggers Key Index NSE 20' to Highest level Since Oct 2015
Increasing investor interest seen in banking stocks over the last one week has pushed the Benchmark NSE 20 Share Index to its highest level since October 2015. On Monday Aug [...]
