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Equity bank has recorded a net profit of Sh5.9 billion in the first three months to March this year, a 22 per cent jump from Sh4.9 billion recorded similar period last year. During the period under review, the lender recorded net interest income of Sh9.82 billion compared to Sh8.89 billion a year ago. More to follow.
KCB Group #ticker:KCB posted a 14.1 per cent net profit rise in the first quarter ended March buoyed by increased lending. Kenya’s biggest bank said it had made Sh5.1 billion net profit in the review period compared to Sh4.5 billion a year earlier, riding on a 5.8 per cent loan book growth that raised interest income 11 per cent to...
Reuben Kimani, CEO, Username Investment Limited An investment has been widely defined as an action or a process of putting money in a venture with an expectation to reap profit from it. There are very many investment opportunities available such as unit Trusts, Sacco's, Stock market, real estate, treasury bills, treasury bonds, manufacturing, agriculture and food processing, Tourism and Hospitality....
...the competition has attracted over 700 schools from across the country and expanded its reach to North Eastern Kenya Nairobi, Kenya… Teen debate show the Great Debaters Contest (GDC) has launched season 8 of debate competition among high school students. The debate will see students engage in critical thinking around the 17 Sustainable Development Goals (SDGs) under the theme...
National Carrier, Kenya Airways will implement a new baggage policy that will entitle its guests to 20% discount on any extra bag purchases up to 24 hours to departure. The new baggage policy will take effect on May 15th 2018. In addition to reduced extra baggage fees within Intra-Africa flights, guests will be entitled to one free bag in...
Customers across the country to enjoy a mix of live music performances, services and free medical camps Safaricom (NSE: SCOM) today flagged off the Twaweza Live Experience, which will see the company interact with its over 29 million customers across the country over the next seven months. The campaign, which was officially launched a week ago, is set to visit Rift,...
The Energy Regulatory Commission has begun inspection of buildings across the country for the compliance with solar water heating regulations 2012. The regulations, which came into force in 2012, had given a five-year window to owners of buildings that consume more than 100 litres of hot water a day to install solar water heating systems. With the ongoing inspection, those who...
Co-operative Bank of Kenya was recognized as the best retail bank in Kenya at the fourth edition of the Banker Africa- East African Banking Awards 2018 which was hosted at Radisson Blu Hotel Nairobi, on May 10. Co-operative Bank was a big winner, scooping three key awards, namely The Best Retail Bank in Kenya, The Best SME Bank in...
Chapa Dimba Na Safaricom winners aboard to London Kapenguria Heroes from West Pokot and Plateau Queens from Kisumu; winners of the Inaugural edition of Chapa Dimba Na Safaricom Youth tournament today left Jomo Kenyatta International Airport for their five-day tour in London. Kapenguria Heroes and Plateau Queens won both Boys and Girls categories respectively in the National finals of...
Sanlam Kenya is banking on revamped marketing and sales efforts to capture a bigger market share of the country’s untapped existing customer base. Speaking at the firm’s Annual General Meeting (AGM) and in a statement published in the company’s Annual Report and Financial Statements 2017, Sanlam Kenya Group Chairman, Dr John Simba, said the insurer will focus its strategy on...
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