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Executive Corner

Private Equity Awards winners feted

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The accolades were presented at the 8th Annual PEA Awards Gala Dinner  Private Equity Africa (PEA) (www.PEAfricaGroup.com) is excited to congratulate the winners of its...

Koech, Chirchir, new champs of the Safaricom Imenti South Road Race

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KICC Open Day-Starting Business Without Money

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Tetra Pak helps producers tackle the water scarcity crisis

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Africa’s Oil Sector Continues to Rebound and Strengthen its Voice Through the African Energy...

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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

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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.

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...

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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Carrefour Kenya and Mastercard Offer Added Value for Customers with Festive Season Campaign

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Majid Al Futtaim, which owns the exclusive rights to operate Carrefour in Kenya, in collaboration with Mastercard, is offering a 20% shopping discount on purchases...

KIBO AFRICA DONATES FUNDS TO UPGRADE HEALTH CENTRES WITHIN LEWA COMMUNITY

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This year for the second time, Kibo Motorcycles supported Safaricom Marathon in its 20th edition of the marathon that is held annually within the Lewa Wildlife...

11 Innovators Win Big Courtesy of the PAUSTI CoE Pre-Incubation Programme

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As part of the activities for the PAUSTI Incubation centre, a Pre-Incubation Programme was launched in September following a call for applications. The programme...

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ALL YOU NEED TO KNOW ABOUT THE SAMSUNG  TRADE –IN PROGRAM

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Samsung Electronics East Africa is the first smartphone manufacturer in Kenya to have a trade-in program where smartphone users can return their old used...

Africa is the new global tech hub: What’s the benefit for...

African Vaccination Week: By the year 2030, cervical cancer will kill...

UNICEF and Safaricom launch Internet of Good Things in Kenya

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