Nairobi, Feb. 26 -- Unga Group will not be paying a dividend despite growing its half-year profits by more than six-fold, with management holding onto the cash to sustain its recovery trajectory. The... Read More
Nairobi, Feb. 22 -- Treasury Cabinet Secretary John Mbadi has secured his choice to lead Consolidated Bank of Kenya after staging a boardroom coup in a row that entangled the regulator. The bank anno... Read More
Nairobi, Feb. 15 -- The World Bank's private sector investment arm, International Finance Corporation (IFC), plans to make an equity investment of up to $5 million (Sh645 million) in e-mobility provid... Read More
Nairobi, Feb. 11 -- CIC Insurance Group has raised Sh1.8 billion from the sale of 150 acres in Kiambu and Kajiado Counties, boosting its liquidity and unlocking gains from its portfolio of investment ... Read More
Nairobi, Feb. 10 -- Commercial banks are lobbying the Central Bank of Kenya to use profit after tax as a measure to calculate licence fees and drop its proposal to use revenues, a change that will see... Read More
Nairobi, Feb. 10 -- Commercial banks are expected to report lower profits in the current financial year ending December 2026 due to lower earnings from government securities and shrinking interest rat... Read More
Nairobi, Feb. 10 -- Three former bank executives have joined the boards of a mortgage lender and an insurance firm, hoping to transfer their experience there. Former KCB Group CEO Martin Oduor-Otieno... Read More