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 [...]
Volvo To Set Up First Regional Assembly Plant in Mombasa Worth Sh 2.5 Billion
Volvo Group, one of the world's leading manufacturers of trucks, buses, construction equipment, marine and industrial engines has opened a regional office in Nairobi with plans to set up an assembly plant in [...]Stanchart Bank Kenya Unveils Video Banking Service
Standard Chartered Bank has unveiled Video and Chat Banking service in Kenya following the successful roll-out of the service in Asia. The service allows clients to connect with banking agents via [...]Atlas Troubles; Burbidge Capital Resignation, Ethiopian Plant Disposed
Atlas Industries has announced the disposal of its flagship Ethiopian glass making subsidiary to two existing shareholders, effectively leaving the company without any assets. The disposal comes after failed attempts [...]Kenya's Re-Opened Sh 40B T-Bonds 97% Subscribed, Only Sh 20B Accepted
The Kenyan Government's recently reopened sale of ten and fifteen -year fixed coupon treasury bonds worth Sh 40 Billion has been 97 percent subscribed, missing its target slightly by Sh 1.15 Billion. [...]Tianlong Cylinder (CHINA) Co. to build production facility at Tatu City
Tianlong Cylinder(CHINA) Co. has announced that it will build a new production facility at Tatu Industrial Park, becoming the latest company to move to the light industrial area of Tatu [...]Tullow Oil Announces 2017's 3rd Oil Discovery in Northern Kenya
Africa-focused oil company Tullow Oil Plc has announced this year's third oil discovery in Nothern Kenya, this time encountering 75 metres of net oil pay in two zones at the [...]Mitsui Co. sets up $100 Million Fiber Optic Project in Kenya
Mitsui Co. has established a fiber-optic company in Kenya with Google and others in hopes of capturing robust demand for high-speed telecom services in Africa. The partners, which also [...]UAE Developer Holds Nairobi Mombasa Roadshows To Showcase Dubai’s luxury district
Deyaar Development PJSC, one of the UAE’s largest property development and real-estate services companies is hosting a property showcase in Nairobi and Mombasa as part of the efforts to target [...]Scangroup's Ogilvy Named Africa's Best Agency
Ogilvy Africa has been named the continents’ Agency and Network of the Year after winning 39 awards in the African Cristals Festival 2017, held in Marrakech, Morocco over the weekend. [...]Safaricom lowers merchants fee to 0.5% on M-Pesa 1Tap Platform
Last week, Safaricom unveiled a suite of solution dubbed the M-Pesa One Tap, aimed at accelerating and easing payments. The suite of solutions includes the M-Pesa card, Wristband and M-pesa tags [...]Digital Bank; Bitcoin Savings VS M-Shwari Savings
You might want to consider saving in Bitcoin, like i did after coming across Bitcoin in late 2013. I committed to saving 3,000 KES every first day of the month [...]
