Family Bank Kenya Net Profit drops 40%, Insider Loans up 43% to Sh 4Bn
Kenya's Family Bank has announced its Half Year results reporting a 40% decline in After Tax Profits to Ksh 711.5 Million compared to Ksh 1.18 Billion posted in the same period in [...]
Kenya ranked the Hottest Luxury Destination of 2016 by Virtuoso
Kenya has been ranked the hottest luxury destination of 2016 by Virtuoso’s travel advisors beating other African destinations including South Africa, and Tanzania. Virtuoso’s list of top upscale destinations for this fall and [...]Kenya Shilling Best Performer Regionally on a YTD Basis
The Kenya shilling has performed better against the dollar this year compared to key regional trading partners, potentially hurting export earnings from these markets. According to African Alliance, the currencies of [...]Ksh 1.2 Billion Uchumi Bailout Approved, still keen on getting strategic investor
The Kenyan government has approved the Ksh 1.2 Billion cash injection into Uchumi Supermarkets at a cabinet meeting last Thursday. Uchumi says it will use the cash injection to repay debts owed to suppliers [...]Kenya jumps 32 places in latest World Bank's global logistics performance
Kenya has improved its ranking in the World Bank Group's bi-annual Logistics Performance Index 2016, jumping from 74th in 2014 to 42nd in 2016 among 160 countries. The report ranks countries [...]Lufthansa Germany’s largest airline to commence non-stop flights to Nairobi
German airline, Lufthansa has reiterated its commitment to launch flights to the Kenyan capital following a visit from H.E Michael Derus – Deputy Head of Mission for the German Embassy. [...]Market Update: Politics and the Market Cycle
Know what you own, and know why you own it. Peter Lynch Sub-Saharan Africa Equities in general have not been exhibiting positive vibes so far and we have to [...]Kyanda, a tech start-up appeals for funding
Kenyan tech start-up, Kyanda, is appealing for funding to enable it to expand the suite of products and services that it is offering. While the firm has already launched a [...]
Mauritius Bank SBM Holdings to Establish Operations in Kenya
In a statement by SBM Holdings during the release of their half year 2016 results, the Mauritius bank recorded a 20.7% increase in Group profit after tax for the second [...]Auction Results: Yields Edge Up!
91-Day Treasury Bill The weighted average yield on the 91-Day T-bills rose to 8.541 percent at Thursday's auction compared to 8.349 percent in the previous week. Central Bank of Kenya [...]US; The July 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices.
Loans allow businesses to build factories and hire workers, for people to buy homes, and for developers to build retail spaces. So when the spigot of credit gets shut off, the US [...]Banks pledge to cut lending rates ahead of President Kenyatta's Decision on Rate Cap
President Uhuru Kenyatta is this week expected to make a decision in regards to the bill presented to him by Members of parliament aimed at regulating banks' lending rates. However, the Banking [...]
