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Why Sameer is yet to complete Sh919m land sale four years on

Nairobi, June 5 -- Real estate firm Sameer Africa has attributed the delayed completion of the sale of a 3.75-acre parcel of land, first earmarked for disposal five years ago, to financial challenges ... और पढ़ें


Consolidated Bank boss on his C-suite entry from academia, politics

Nairobi, June 4 -- Government-owned Consolidated Bank of Kenya returned to profitability last year in the middle of a boardroom spat that triggered the ouster of the CEO and some directors. The Busin... और पढ़ें


Top banks hold Sh5.7trn assets as loans collateral

Nairobi, June 4 -- Kenya's top nine banks were holding collateral or security for loans worth a staggering Sh5.7 trillion in December, exposing borrowers to huge losses in case of default. The nine l... और पढ़ें


Cheaper deposits lift banks' profit to Sh83.5bn in first quarter

Nairobi, June 2 -- The cumulative pre-tax profit of commercial banks operating in Kenya rose 13.6 percent in the three months ended March, riding by cheaper deposits. Data from the Central Bank of Ke... और पढ़ें


Absa profit falls 13pc to Sh5.3bn in first quarter

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... और पढ़ें


KQ defaults on Sh8.5bn interest as State debt rises

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... और पढ़ें


Kenya under pressure as Uganda issues Sh62bn bond for SGR

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... और पढ़ें


National Bank profit surges 3.7 times to Sh1bn on lower costs

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... और पढ़ें


44pc of lenders snub product research - CBK

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... और पढ़ें


Taste of paradise at Sh146m an acre in Nyali

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... और पढ़ें