Interview; Barclays Kenya CEO Sees a Challenging 2017 but Remains Optimistic
“In the last year 171 employees left through natural attrition but we do not see technology having a huge impact on the number of staff” Barclays Bank Kenya CEO Jeremy Awori. [...]
KPLC's Half Year Profits Before Tax down by 1.7%
Kenya Power Lighting Company recorded a marginal decrease of 1.7% in profits before tax for the six month period ending 31 December 2016. The decrease was due to a [...]Kenya to present Budget Proposals earlier than June
By PSCU President Uhuru Kenyatta has said Kenya will present its budget proposals earlier than usual as the country prepares for the General Election in August. The President said Kenya [...]Longhorn Publishers HY Net Profit Drops By 24%
Longhorn Publishers, a provider of eLearning solutions, core and non-core learning materials within the East Africa region has a reported a 24 per cent decline in its half year net [...]Vodafone Says M-Pesa recorded 6Bn transactions in 2016
M-Pesa, the world's leading mobile money service has recorded 6 billion transactions in 2016 according to Vodafone Group. The platform, is celebrating its 10th anniversary with services being offered in 10 countries: Albania, [...]Tala Raises Over $30 Million in New Financing Expansion
LOS ANGELES, February 23, 2017 Tala, a mobile technology and data science company that is working to change the way credit scoring and financial services work around the world, announced today [...]KenGen Allots 5.3% Stake to S.A's Public Investment Vehicle
The country's largest power producing company, Kenya Electricity Generating (KenGen) Company has announced that it has entered into an agreement to allot approximately 351.2 Million shares (equivalent to 5.33% stake) to South Africa's [...]Market Dominance Report Proposes Splitting of M-Pesa from Safaricom
Kenya's communications authority in Mid 2016 hired an independent international consultant by the name Anasysys Mason' to examine the country's telecommunication and broadcasting industry on market dominance and anti-competitive conduct. The report is finally out [...]BAT Kenya Net Profit Plunges 15% to Sh4.2Bn, Declares Sh43 Dividend
Cigarettes and Tobacco manufacturing company British American Tobacco Kenya Ltd declared its full year results for the period ending December 31 2016. Gross revenues increased by 2% from Ksh 35.8 [...]Barclays Kenya Posts Impressive Top Line Growth in a Challenging Environment
Barclays Bank Kenya became the first lender to report its Full year results for 2016 after the signing into law the Banking Amendment Act which aims to regulate lending rates. In [...]East African Portland Cement records HY Pre-Tax Loss of Ksh. 533Mn
EAPCC Kenyan based cement manufacturing and selling company announced its half year results for the six month period ended December 31 2016. Key takeaway points are: Revenue reduced by 19.4% [...]French PE Firm Amethis Finance acquires 40% stake in Kenya's Kenafric Industries
French Private Equity Firm Amethis Finance together with its partners have acquired a 40 per cent stake in East African packaged food business Kenafric Industries. Kenafric Group was founded in 1987 by Velji [...]
