Nairobi, July 9 -- The cumulative pre-tax profit for Kenya's commercial banks in the four months ended April rose 13.8 percent, riding on loan book growth, signalling another lucrative year for the ba... Read More
Nairobi, July 8 -- HFCB staff have joined the list of the bank's top 10 shareholders following the allocation of a Sh1 billion stake under an employee share ownership plan (Esop), which has diluted th... Read More
Nairobi, July 2 -- KCB Capital and SBG Securities pocketed an estimated Sh2 billion each for their role in facilitating the Sh20.43 billion government stake sale in Safaricom to Vodacom Group in a luc... Read More
Nairobi, July 2 -- Park and chill is a culture that started during Covid period, following government directives to close entertainment spots to contain the contagious disease, but it stuck around and... Read More
Nairobi, July 2 -- KCB Investment Bank and SBG Securities pocketed an estimated Sh2 billion each for their role in facilitating the Sh204.3 billion government stake sale in Safaricom to Vodacom Group ... Read More
Nairobi, July 2 -- The joint receivers of TransCentury Plc are set to raise Sh2.2 billion through the disposal of stakes in two subsidiaries - Tanelec Limited and Avery East Africa Limited - recoverin... Read More
Nairobi, June 29 -- I&M Bank has poached its larger rival Absa Bank Kenya's chief executive Abdi Mohamed, underscoring the ambitions of the smaller lender that has been expanding aggressively in recen... Read More
Nairobi, June 29 -- Loans issued by savings and credit co-operative societies (saccos) to help households pay for medical expenses are now the fastest-growing credit segment for the sector, underscori... Read More
Nairobi, June 28 -- The Central Bank of Kenya (CBK) is seeking to raise Sh80 billion from the sale of four bonds in July including a partial switch of a security maturing on November 9, 2026. The gov... Read More
Nairobi, June 28 -- Listed agricultural firms Williamson Tea Kenya and Kapchorua Tea Kenya will dip into their retained earnings to pay larger dividends that surpass their net incomes in the year ende... Read More