EIB signs Sh10.5 Billion Loan with Equity HFC To support East African SMEs
The European Investment Bank has signed two new credit lines for East-Africa for a total of EUR 95 million (Kshs 10.45 billion) to be made available through Equity Bank and [...]
Equity Bank Appoints Prof Macharia as New Chairman To Replace Peter Munga
Equity Bank has appointed Prof. Isaac Muthure Macharia as the new Chairman to replace long-serving Peter Munga who has left the chairmanship post as part of the bank's succession plan. Prof. Macharia who has [...]Safaricom Cuts Lipa Na M-Pesa Tariffs By Half, Announces M-Pesa App
Safaricom (NSE: SCOM) has announced that it will from next week implement a 50% tariff reduction for all Lipa Na M-PESA Buy Goods merchant fees. Under this new Lipa Na M-PESA [...]Equity Bank Dismisses Ernst Young as External Auditors
Kenya's largest lender by market value, Equity Bank has dismissed Ernst Young as its external auditors and like most companies, the bank chose not to provide investors with information on why the changes [...]HF Group; Earnings Fall By 24%, Property sales Down 44%, Dividend Slashed
Nairobi Securities Exchange listed financial services provider Housing Finance (HF) Group has registered a 24% decline in its full year 2016 after net profit to KSh. 905.8 million from KSh1.1 billion posted a year earlier. The [...]Prompt Payment Report to assist in sector regulation KAM
A recent report commissioned by the Kenya Association of Manufacturers in partnership with Suppliers Association of Kenya and Retail Trade Association of Kenya, has been hailed as key in assisting [...]European Investment Bank Loans Kenya Sh6.7 Billion For Electricity
European Investment Bank (EIB) has pledged new support for projects in the power and transport sectors after signing EUR 60 million (Kshs 6.7 billion) loan to support the “Last Mile Connectivity” [...]Kenyans In Diaspora the biggest senders of mobile to mobile remittances
WorldRemit has released new data showing that the Kenyan diaspora is the biggest sender of digital remittances to mobile accounts. Transfers to mobile money accounts make up 93% of WorldRemit [...]Jubilee Insurance Profits Up by 18% declares 1:10 Bonus Share
Largest Insurance company by market capitalization on the Nairobi Securities Exchange, Jubilee Holdings, released their full year earnings for the period ending 31 December 2016. Here is a brief analysis [...]Central Bank Kenya Keeps Rates Unchanged for third consecutive meeting
At its 27th March monetary policy meeting, the Central Bank Of Kenya (CBK) decided to keep its benchmark interest rate (CBR) unchanged at 10.0% for the third Meeting in a row, a [...]Williamson Tea Kapchorua Tea Issue Profit Warning, Announces cost cutting Measures
Williamson Tea and Kapchorua Tea have today issued profit warning statement saying their earnings for the financial period ending 31st March are expected to be lower by at-least 25% compared to the [...]Shelter Afrique issues Profit Warning
Pan African Financial Institution Shelter Afrique issued a profit warning for their 2016 financial year and expects their earnings to be lower than 25 percent of their earnings reported in [...]
