Kenyan E-Logistics Start-up expands to the Nigerian market

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Executive Corner

Kenyan E-Logistics Start-up expands to the Nigerian market

Staff Writer - October 1, 2019

Executive Corner

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EQUITY GROUP DONATES KES 120 MILLION TOWARDS DROUGHT MITIGATION IN KENYA

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KCB Group PLC delivered strong financial results in the first half of 2025 driven by growth in earning assets, amid a difficult operating environment. The Group sustained its focus on deepening and leveraging regional scale to catalyse ongoing economic transformation and deliver value to shareholders, customers and other stakeholders. As a result, the Board of Directors has recommended an interim dividend of KShs.2.00 per share for the 2025 period and a further special dividend of KShs 2.00 per share (in relation to the sale of National Bank of Kenya). This means shareholders will get a payout of KShs.13 billion, the largest interim payment and first ever special dividend in the Bank’s history. Profit after tax grew 8% from KShs.29.9 billion to KShs.32.3 billion as all business franchises posted higher earnings, riding on customer-focused initiatives. Commentary from Group Chief Executive Officer Paul Russo “The business across markets remains resilient despite the tough operating environment in key markets like Kenya. Despite this, we have placed our customers at the fore, to ensure we meet their needs in a timely manner” said Paul Russo, the Group Chief Executive Officer during the release of the results on Wednesday. Subsidiaries outside KCB Bank Kenya continued to turn in stronger performance, with their profit before tax making up 33.4% of the overall Group earnings, and 31.4% of the balance sheet. PBT contribution from non-banking entities—KCB Investment Bank, KCB Asset Management and KCB Bancassurance Intermediary Limited was up to 2.1% from 1.8% a similar period last year. Total assets remained stable at KShs1.97 trillion, despite the sale of NBK in the second quarter of the year, demonstrating the Group’s capacity and capability to support its customers across the seven countries where KCB operates in.

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Staff Writer

Kenyan E-Logistics Start-up expands to the Nigerian market

John Wroe’s 1930 FORD wins 2019 Concours d’ Elegance

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Glovo expands to Kitengela, Nakuru

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EQUITY GROUP DONATES KES 120 MILLION TOWARDS DROUGHT MITIGATION IN KENYA

Chapa Dimba na Safaricom Star signs for Vihiga United FC

KCB Group Plc to Pay KShs.13B in Dividends as Net Profit...

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