Nairobi, May 28 -- Absa Bank Kenya reported a 13.8 percent decline in net profit in the first quarter ended March as falling interest rates and reduced lending to customers resulted in reduced interes... Read More
Nairobi, May 26 -- Kenya Airways defaulted on Sh8.5 billion interest on funds borrowed from the government last year, underlining the rising burden of keeping the national carrier in the air for taxpa... Read More
Nairobi, May 25 -- Uganda has put pressure on Kenya to connect Malaba to the standard gauge railway (SGR) after it issued a Sh62 billion (€405 million) bond to kick-start the construction of a n... Read More
Nairobi, May 24 -- National Bank of Kenya (NBK) net profit for the three months to March grew nearly quadrupled to Sh1 billion riding on cheaper cost of funds and lower provisioning for defaults. The... Read More
Nairobi, May 12 -- Forty-four percent of banks and microfinance institutions supervised by the Central Bank of Kenya (CBK) did not spend on research and development last year signalling reliance on pr... Read More
Nairobi, May 12 -- Nyali has the priciest beachfronts in the Kenyan coastal region, with an acre retailing at Sh146.4 million, while Vipingo Beach offers bargain hunters a chance for a luxury plot. N... Read More
Nairobi, May 11 -- Commercial banks are set to report improved cash positions following instruction to include regulatory reserves in their reporting figures. Banks had been accounting for cash set a... Read More
Nairobi, May 11 -- Apartment prices in Nairobi's high-end areas and satellite towns have declined in the past three years in the wake of increased supply and a shift in buyers' preference for stand-al... Read More
Nairobi, May 10 -- The family of Titus Muya's combined stake in Family Bank shrunk by 9.3 percentage points following its decision to sit out the bank's recent capital raising as it seeks to comply wi... Read More
Nairobi, May 7 -- Nigeria's Access Bank paid Sh15.8 billion to acquire National Bank of Kenya (NBK) from KCB Group, earning the Nairobi bourse-listed lender a premium of Sh3.18 billion. KCB Group has... Read More