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HUNTERS CHOICE WHISKY LAUNCH OF A NEW PACK

Staff Writer - May 23, 2024

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Riding the Wave: South Africa’s Financial Digital Revolution

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Invest in African Energy (IAE) 2024 to Unpack Africa’s Gas Market Potential

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Energy-to-Transport Disparity Heralds Unprecedented Chance to Unlock Growth

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Halliburton Boosts Local Content in Africa, Seeks Interest in Oil & Gas Ventures

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Standard Chartered – H1 2023 results

Staff Writer - August 23, 2023

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EQUITY BANK GROUP POSTS KSHS.26.3 BILLION PROFIT AFTER TAX FOR HY2023

Staff Writer - August 16, 2023

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Enhancing Surveillance at Ports of Entry: A Key Focus for Public...

Staff Writer - August 15, 2023

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Afrobarometer receives $400,000 grant from Luminate to amplify grass-roots’ voices using...

Staff Writer - August 11, 2023

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Bean farmers taste the first fruits of Contract farming

Staff Writer - August 11, 2023

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Menstral Hygiene kits restore dignity and empower girls and women

Staff Writer - August 11, 2023

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Stephen Bikoko: the visionary peer educator behind Upendo group’s youth empowerment...

Staff Writer - August 11, 2023

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Majid Al Futtaim Retail Launches Retail Graduate Programme to foster growth...

Staff Writer - August 9, 2023

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Kakuzi assumes a new brand identity underlining a ‘growing together’ commitment...

Staff Writer - August 9, 2023

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Six Kenyan Startups Make the List for Future Is Female Mentorship...

Staff Writer - August 7, 2023

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Moody’s Affirms the East African Development Bank’s (EADB) Investment Grade Rating

October 24, 2024

Five tips for founders to craft an impactful elevator pitch for...

June 13, 2023

RUBIS ENERGY KENYA LAUNCHES BRIOCHE FRANCHISE

October 15, 2021

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.

HF Q1 profits rise to Kes 327 Mn

May 30, 2025

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Madison Group, HFC Launch Multi-billion Home Ownership Project In Athi River

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SBM Bank in Partnership to Deliver Global Business for Kenyan Women

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One in two people face starvation in South Sudan, as extreme...

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OPPO F9 Now Available in Starry Purple