Equity Bank Q1 2017 Earnings Plunge By 6.1% to Sh 4.8 Billion
Equity Bank (EQTY) has recorded a decline of 6.1 percent in net profit to Sh 4.8 Billion for the first three months of 2017. The decline was attributed to reduced interest income on [...]
Kenya Airways Cuts Losses By Sh 16 Billion, New CEO Takes Over on 1st June
National carrier, Kenya Airways (KQ) has cut its losses for the year to March by nearly 61 percent to Sh10.2 billion compared to a loss of Sh26.2 billion posted in the [...]Kenya's Safaricom Invests Ksh. 200 Million In Technology RD Lab
Safaricom has announced Kenya’s first ever telecommunications lab. The first phase of the lab has been put up at the cost of Sh. 200 million and replicates Safaricom’s entire networking [...]Equity Bank Shuts Down Seven Branches in South Sudan, declares it Dormant
Equity Bank (EQTY) has revealed that it has reduced the number of branches in its South Sudan business from twelve to five citing a challenging business environment brought about by the devaluation [...]Surging Returns from Cryptocurrencies When Compared to Kenyan Stocks
In the last 3 months, popular cryptocurrencies have seen returns as below; Bitcoin: 83% Litecoin: 576% Ethereum: 930% Ethercoin: 472% Ripple: 821% At the NSE, Cooperative Bank of Kenya (COOP) shares which [...]Restaurant listing reviews Site EatOut raises Sh 52M from Craft Silicon
Kenyan restaurant listing and review site EatOut, has raised Ksh 51.6 Million ($500,000) in funding from Craft Silicon, a kenyan firm biased towards provision of software solutions to companies in the financial services [...]Uganda, Rwanda Kenya Among Africa's top performers on visa openness
The African Development Bank, in collaboration with the African Union Commission and the World Economic Forum has launched the second edition of the Africa Visa Openness Index which measures how open African countries [...]US Food Chain Mr Pretzels Eyes Slice of Kenya's Fast Food Market
Mr Pretzels, a US based fast food chain has announced plans to begin operations in Kenya and take on other international fast-food brands like KFC, Hardees, Burger King and Dominos. The company will launch its first [...]SBM Kenya entry strategy – Stability first building Scale sooner than later
SBM Holdings Ltd (SBM Group) began its Africa foray by the setting up of SBM Bank (Kenya) Limited through the acquisition of Fidelity Commercial Bank (FCB) effective on 11th May [...]National Bank Of Kenya Shareholders approve bonus share offer
National Bank of Kenya shareholders have unanimously approved the issuance of bonus shares aimed at shoring up the bank’s capital base. The decision, which was ratified during the bank’s 48th [...]Kenyan entrepreneur makes it to African Prize finals for tackling water challenges
Kenya’s Kelvin Gacheru’s has been shortlisted for the for the Royal Academy of Engineering Africa Prize for Engineering Innovation which is set to take place on May 23 2017 in [...]Diamond Trust Bank Q1 2017 After Tax Profits rises by 8.8% to Ksh 1.75 Billion
NSE listed bank Diamond Trust Bank released its Q1 2017 results here are our initial impressions: Total interest income was down slightly by 0.08% to Ksh 8.184 billion in Q12017 [...]
