AFDB Approves $250 Million Loan for Kenya-Uganda Highway Upgrade
The African Development Bank Group (AfDB) approved USD 253.0 million worth of loans to the Governments of Kenya (USD 147.3 million) and Uganda (USD 105.7 million) for the upgrading of [...]
CBA Group Reports 87% Growth in Earnings, Driven By Fees From M-Shwari
Kenya's Largest Private Bank, Commercial Bank of Africa has released its financials for the full year period ended 31st December 2016 recording an increase of 87 per cent in profit after tax to [...]SP; Why You Should Try CBA Loop Mobile App
SPONSORED CONTENT In Kenya, mobile banking is rapidly becoming the most preferred way on how we interact with our banks and finances. Most banks have reported that branch transactions have began dwindling while mobile [...]Kenya; Why Investing in Govt Securities Is Good Business
What are government securities? Government securities refer to a set of instruments that are used by government to borrow money from the public. Government borrows money when its income falls [...]Kenya March Inflation Hits 10.28%, World's 28th Highest
Latest data from KNBS shows that Kenya's March inflation shot up 10.28 percent from 9.04 percent rise in the previous month, way above Government's target range of between 2.5 per cent and 7.5 per [...]Mobile Lending App Shika Raises $1.1 Million in Seed Capital
Alternative Circle, a Kenyan FinTech company behind mobile lending application dubbed Shika has raised $1.1 Million from an international credit risk management company – Creditinfo Group. The seed capital will will help [...]CBK Invites Investors To Take Equity Stake in Chase Bank
Press Release; The Central Bank of Kenya (“CBK”) together with the Kenya Deposit Insurance Corporation (“KDIC”) is inviting investors to present an initial Expression of Interest (“EOI”) to take an [...]NMG Stock Up 33% Since Feb, Earnings Release Next Week
Shares of Nation Media Group (NSE; NMG) have advanced by around 35% over the last two months ahead of the publication of the full year results due on Wednesday 5th April 2017. [...]Family Bank Profits Slump By 82%, Blames Social Media Attacks
Mid Tier lender, Family Bank Kenya has reported a drop of 82,21% in its full year 2016 after tax profits to Sh352.5 million from the previous year's Sh1.98 billion. From [...]Kakuzi FY2016 Earnings Up 22% On Avocado Macadamia Demand
Listed Agricultural Firm, Kakuzi Ltd has today released its Full Year 2016 results with Pre-tax profits growing by 13% to Sh 757.8Million attributed to a 7% growth in Revenue to Sh 2.6 Billion. Net Profit grew by 22.3% to [...]Total Kenya Earnings Up 38% Despite Drop in Sales
Total Kenya has announced a 38% rise in its Full Year 2016 net profit to Sh 2.2 Billion from Sh 1.6Billion on the back of a 28% decline in cost of sales [...]EABL Medium-Term Bond Oversubscribed By 41% Reuters
East African Breweries (NSE; EABL) has announced it got a 141 percent subscription rate for its five-year corporate bond issued Two Weeks ago. The listed company, which is controlled by [...]
