Nairobi, June 11 -- Family Bank has set June 23 as its listing date on the Nairobi Securities Exchange (NSE) after receiving the Capital Market Authority's (CMA) approval. The mid-sized lender will b... Read More
Nairobi, June 10 -- The ratio of loan defaults to total lending in the banking sector shrunk to a two year low of 15.3 percent in May from 17.5 percent a year ago following write-offs of bad debt and ... Read More
Nairobi, June 8 -- Old Mutual Holdings is seeking to restructure its balance sheet with the goal of clearing accumulated losses, a decision that will allow it to pay dividends. The regional insurer p... Read More
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 ... Read More
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... Read More
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... Read More
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... Read More
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