AfDB Offers Kenya Govt $2M grant To Boost Construction of Lamu Port Project
The African Development Bank (AfDB) has extended a US$ 2 Million grant to the Kenyan government that will help in the construction of the proposed Lamu port project. The Bank said the grant [...]
Liberty Kenya Holdings Net Profit Falls 15% On Severe Competition
Nairobi Securities Exchange Listed Insurance firm, Liberty Kenya has reported a decline of 1.2% in profit before tax to Ksh 942 Million compared to Ksh 954 Million in the previous year. Profit [...]Co-op Bank posts 15% increase in Profits Before Tax, Recommends 1:5 Bonus Issue
The Co-operative Bank of Kenya announced its full year results for the period ending 31 December 2016. Here are our initial impressions: Total interest income was up by 14.9% to [...]Nestlé Appoints Kenyan, Ciru Miring’u as Head of Eastern Africa Operations
Nestlé has announced the appointment of Kenyan, Ciru Miring’u as head of the company’s operations in Kenya, Uganda, Tanzania, Rwanda, Burundi and South Sudan. Ciru becomes the first local manager [...]CBA's Loop Mobile App Offers More Than Banking Services Its Personal
Apart from revolutionalising customers' banking experiences, the new mobile phone-based service, Loop, launched by Commercial Bank of Africa has 18 functionalities designed to help customers prudently manage their personal finances. Unlike other [...]Interswitch Launches $10M Fund to East Africa Digital Payment Startups
Pan-African payments company Interswitch Group has announced the extension of a US$10 million ‘ePayment Growth Fund’ (KSH 1 Billion) specifically targeting any African startup at growth stage that has come [...]Uber Kenya Raises Fares After Protests By Nairobi Drivers
Uber has announced that it has upped its prices in Kenya after a section of its Nairobi drivers went on strike last month demanding higher rates due to a surge in [...]Kenyan Social Media Startup Recognized By IBM
Campus Discounts, a Kenyan based tech startup was recently recognized under the IBM Digital Nation Africa initiative as a success story. This startup is a global social network where students [...]Equity Bank Earnings Fall for First Time in a Decade, Bad Loans Up 100%
Kenya's Equity Bank has released its full year financial results for the year ended December 2016 posting a decline of 4 percent in net profits, this happening for the first time [...]Safaricom Share Price Gains 17% After Govt Says M-PESA won't be Split
Safaricom Share Price has gained by more than 17 per cent since 9th March when Kenya's Cabinet Secretary for ICT Joe Mucheru was first quoted saying that they are against the idea [...]Fitch says Regulatory Change to Benefit the Kenyan Insurance Market
Fitch Ratings in a special report on the Kenyan Insurance Market' says that new regulations will drive consolidation in the fragmented Kenyan insurance market. The new risk-based capital regime seeks [...]Kenya's Credit-Hungry Govt Likely To Return To Eurobond Market Before Elections BMI
According to BMI Research, there is an increasing likelihood of Kenya issuing another eurobond prior to the August election, as higher inflation will push up yields on domestic debt. A sharp [...]
