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Network International Launches In-Person Payment Solutions in Kenya

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Network International (Network), a leading enabler of digital commerce across the Middle East and Africa (MEA) region, has launched innovative in-person payment...
The increase in the operating income was more than the rise in operating expenses to Sh1.07 billion from Sh905. 2 million, helping HF to more than double its profit in the period where the sector’s earnings slowed. The performance defied an environment of falling interest rates on loans in line with sustained decline in Central Bank Rate. Returns on government paper have also been falling even as foreign exchange income also softened on the back of reduced volatility on the shillings’ exchange rate. HF booked an 87.6 percent rise in income from securities to Sh595.97 million from Sh317.9 million while income from loans and advances grew to Sh1.18 billion from Sh1.16 billion. Operating expenses were driven by a rise in staff costs to Sh511.22 million from Sh437.21 million, even as the provisioning for loan losses eased to Sh110.43 million from Sh109.1 million. HF’s total deposits rose by 16 percent to Sh50.11 billion from Sh43.75 billion, which the lender attributed to increased market confidence after the recent rights issue. The balance sheet grew by 18 percent to Sh73.4 billion.
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HF Q1 profits rise to Kes 327 Mn

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HF Group's net profit for the first three months of trading ended March 2025 rose 2.2 times to Sh327.93 million on the...
Equity Group posted Sh14.8 billion net profit for the first quarter ended March 2025, marking a 3.86 percent decline on the back of falling non-interest income. The net earnings retreated from Sh15.39 billion posted in the preceding similar quarter and came in the period net profit from subsidiaries in Rwanda, Uganda, South Sudan and Democratic Republic of Congo posted reduced earnings. The group’s non-interest income fell by 11.8 percent to Sh19.61 billion even as net interest income rose by 2.6 percent to Sh28.57 billion.
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Equity Q1 profits drop to Kes 14.8 Bn

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Equity Group posted Sh14.8 billion net profit for the first quarter ended March 2025, marking a 3.86 percent decline on the back...
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Absa bank Q1 profits rise to Kes 6 Bn

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Absa Bank Kenya has reported a 3.6 percent growth in profit after tax for the three-month period ended March riding on cost...
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1.5 Billion Reasons for Crypto in Africa – Quidax Chief Executive...

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In a powerful speech at Consensus 2025, crypto's most influential event, Buchi Okoro, CEO and Co-founder of Quidax (www.Quidax.io), delivered a message...
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Ecobank named Best Bank in Africa 2025 in Global Finance Awards

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Ecobank, the leading private pan-African financial services Group which has unrivalled African expertise, is delighted to have been named Best Bank in...
UBA Kenya has appointed George O. Otieno as the new Chairman of the Board. The announcement follows regulatory approval and comes as the bank marks 15 years of operations in the country. The bank said Mr. Otieno’s appointment is a key step in strengthening its strategic growth in Kenya and the region. “His appointment marks a significant milestone in the bank’s journey,” the bank said in a statement. Mr. Otieno takes the helm at a time when UBA Kenya is pushing to expand its footprint and enhance its presence as a bank of choice for SMEs, corporates, government infrastructure development, and individuals. The bank said Mr. Otieno brings valuable experience in shaping policies and building local and regional partnerships.
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George Otieno appointed chairman of UBA Kenya Board

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UBA Kenya has appointed George O. Otieno as the new Chairman of the Board. The announcement follows regulatory approval...
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Schneider Electric names Mitsumi Distribution official distributor for Secure Power solutions...

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chneider Electric has named Mitsumi Distribution as its official distributor for Secure Power solutions in East Africa. The move...
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HF Group posts Sh337 million pre-tax profit for Q1 2025, recording...

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HF Group PLC has posted a remarkable 112 per cent year-on-year increase in its pre-tax profit for the first quarter of 2025,...
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Africa Energy Technology Conference Provides a Platform for Fostering Innovation

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The African Energy Chamber (AEC) representing the voice of the African energy sector – offers its full support and endorsement of the...
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The Digital Future is Inclusive: Innovation Week Tanzania 2025 Closes Strong,...

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Innovation took center stage in Tanzania as Innovation Week Tanzania 2025 (IWTz2025) anchored by the Future Ready Summit (FRS2025) wrapped up a...
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