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Executive Corner

Safaricom’s True Value Rises to 12 percent

Special Correspondent - October 31, 2018

Company releases 7th Sustainable Business Report that seeks to disclose the progress it has made towards its goal of building a more sustainable future. ...

Britam Tower: Africa’s top skyscraper

October 29, 2019

Wealth Migrate: expert advice from Scott Picken on offshore investments

June 10, 2021

TV program led me to farming -Strawberry farmer

October 31, 2019

Equity Digital Banking Continues to Overtake Legacy Banking in Volumes in...

March 31, 2022

LIFESTYLE NEWS

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.

News

HF Q1 profits rise to Kes 327 Mn

Staff Writer - May 30, 2025

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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

May 30, 2025

Absa bank Q1 profits rise to Kes 6 Bn

May 30, 2025

1.5 Billion Reasons for Crypto in Africa – Quidax Chief Executive...

May 28, 2025

Ecobank named Best Bank in Africa 2025 in Global Finance Awards

May 28, 2025

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.

George Otieno appointed chairman of UBA Kenya Board

May 27, 2025

HOUSE DESIGN

Lifestyle

The African Women Innovation and Entrepreneurship Forum Announces Host City for...

Feature

Seclore, Tech First Gulf partner to grow Africa’s cybersecurity market

Gadgets

Brussels Airlines keeps its focus on the African continent and confirms...

TECH AND GADGETS

Lifestyle

Uganda launches new rotavirus vaccine to protect children from diarrhea

Special Correspondent - June 26, 2018

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According to the World Health Organization, an estimated 450,000 children under five years of age die each year from vaccine preventable rotavirus infections BUIKWE, Uganda,...

NHIF AND JANSSEN KENYA SEAL A PARTNERSHIP TO ENHANCE PATIENT ACCESS...

June 30, 2022

Safaricom Unveils “Twaweza Live”

May 8, 2018

Liquid Intelligent Technologies and Orange partner to expand network reach across...

October 28, 2021

Posta marks World Posts Day by relaunching PostaPay

October 9, 2024

MAKE IT MODERN

Gadgets

Kudos KoT: Social media posts inspiring tax compliance says KRA

News

Marriott International opens Second Four Points by Sheraton in Tanzania

News

CBA LAUNCHES OPERATIONS IN RWANDA FOLLOWING THE SUCCESSFUL ACQUISITION ON CRANE...

Gadgets

The Future of Smart Homes in Kenya: A Technological Renaissance

LATEST REVIEWS

Gadgets

20-YEAR-OLD STUDENT WINS A YEAR’S WORTH OF FOOD SHOPPING COURTESY OF...

Staff Writer - May 10, 2023

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A 20-year-old Eldoret National Polytechnic student won a years’ worth of shopping courtesy of Coca-Cola. Michael Wesonga a resident of Langas – Eldoret was the...

Samsung unveils Galaxy S23 lineup

February 2, 2023

Local startups raise Kes 12 Bn in Q12025

April 2, 2025

PERFORMANCE TRAINING

General Electric trains more than 100 radiology professionals on latest medical imaging technologies and...

Special Correspondent - November 7, 2018

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More than 100 radiologists and radiographers from Kenya, Uganda and Tanzania attended the sessions on “Interventional Radiology” Educational sessions exposed practitioners to latest techniques and...

Kenyan tech startup Wowzi raises $3.2 million to help African creators monetize their social...

Staff Writer - December 18, 2021

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Wowzi announced it has successfully closed a $2 million seed round to scale its influencer marketing platform across the African continent. 4DX Ventures led...

Nokia collaborates with two leading universities in Ethiopia to promote digital skills and innovation

Staff Writer - October 21, 2019

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Nokia is committed to working with Ethiopia to pave the way for world-class telecommunication services with advanced technologies including 4G and 5G Nokia (www.Nokia.com) will...

How South Sudan’s weather service is failing farmers

Special Correspondent - December 4, 2018

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By Hellen Toby JUBA, Dec 3 (Thomson Reuters Foundation) - In Shirkat cattle camp on the outskirts of Juba, farmers say South Sudan's increasingly unpredictable...

Treasury CS lauds KRA’s modernization initiatives

Staff Writer - August 23, 2019

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National Treasury acting Cabinet Secretary, Ukur Yattani has lauded the Kenya Revenue Authority (KRA) for the various tax administration, modernisation measures it has put...