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Stanchart new CEO on his rise to the top and where the bank will seek profits

Nairobi, July 30 -- Standard Chartered Bank Kenya tapped an insider to steer the firm back to profit growth amid lower lending margins that triggered a 26.3 percent earnings fall in quarter one. The ... Read More


Birju Sanghrajka on his rise to the top and where the bank will seek profits

Nairobi, July 30 -- Standard Chartered Bank Kenya tapped an insider to steer the firm back to profit growth amid lower lending margins that triggered a 26.3 percent earnings fall in quarter one. The ... Read More


Absa to raise loans to private sector in strategy shift

Nairobi, July 29 -- Absa Bank Kenya has signalled a pivot towards private sector lending from investments in government securities as its South African parent pushes the local unit to diversify its re... Read More


StanChart pays 522 pensioners amid new claims from former employees

Nairobi, July 28 -- Standard Chartered Bank Kenya has paid pension claims to 522 out of 629 pensioners following settlement of a long-drawn petition by former workers by the Supreme Court last year. ... Read More


Safaricom Ethiopia reaches 14.7m customers in race to profitability

Nairobi, July 28 -- Safaricom Ethiopia reached 14.7 million active customers in June this year, boosting its drive towards attaining profitability at the EBITDA (earnings before interest, tax, depreci... Read More


Firms to reveal litigation history, anti-graft oaths in proposed law on public contracts

Nairobi, July 27 -- Kenya will ask firms to reveal their litigation history and anti-corruption oaths before they are contracted for unsolicited public-private partnership (PPP) in the aftermath of th... Read More


Standard Chartered to lease back HQ after sale

Nairobi, July 27 -- Standard Chartered Bank Kenya will remain a tenant at its current headquarters along Westlands Road after selling the property, with the lender set to lease back part of the buildi... Read More


Funders push for social impact beyond profits

Nairobi, July 23 -- Funders such as multilateral lenders, donors and bilateral partners are increasingly demanding that businesses demonstrate returns beyond financial performance on investments suppo... Read More


Treasury cuts domestic borrowing by Sh132bn

Nairobi, July 23 -- The Treasury has cut its target for net domestic borrowing for the fiscal year ending next June by Sh132 billion, reducing the risk of crowding out the private sector in access to ... Read More


Treasury to table payslip tax cuts in September

Nairobi, July 22 -- The National Treasury will table legislation in September to reduce payroll taxes, bowing to growing public pressure over shrinking pay slips following a series of mandatory deduct... Read More