Listed financial services solutions provider Diamond Trust Bank (DTB) (NSE: DTK) has announced a Ksh 4.9 billion net profit, representing a 12% growth in its half-year results announced today.
DTB Group Chief Executive Officer and Managing Director, Mrs Nasim Devji, attributed the Bank’s performance to the continued rollout of its business growth strategy, which...
Kenya Airways PLC has announced a significant milestone in its journey towards profitability, marking the first time the airline has reported a profit after tax since 2013. For the first half of the financial year ending 30th June, 2024, the airline achieved a profit after tax of Ksh513 million, from the Ksh21.7 billion loss reported in the...
Kakuzi Assistant Manager Extension Services Laban Mwaura, Chairman Nick Ng'ang'a, Director Pamella Ager and MD Chris Flowers at 95th AGM. (Photo: PR handout)
East African Development Bank’s annual training program for state lawyers will be held from 5th to 9th August 2024 in Nairobi, Kenya. The training offered to East African States legal resources focuses on equipping participants with the skills and knowledge necessary to negotiate national treaties and agreements effectively.
In collaboration with the global legal...
Multinational energy company TotalEnergies acts as a key contributor to economic growth and tax revenues in the markets in which it operates, extending beyond its core oil and gas exploration and production activities. In 2023 alone, the company’s production taxes and current income taxes across all activities amounted to just over $24.7 billion, with an average tax...
Listed local non-bank finance solutions provider Sanlam Kenya PLC has formulated a business plan to accelerate the firm’s growth and profitability.
The business recovery plan will provide a growth platform under a restructured financial management strategy.
Speaking during the firm’s 78th Annual General Meeting held on Wednesday, Sanlam Kenya PLC Group...
The Hennessy Africa Cypher 2024, one of the most anticipated annual events for hip-hop and rap enthusiasts, has been released, igniting excitement across the continent. This year’s Cypher, an 8-minute display of distinctive rap styles and ingenious wordplay, is set against a Lagos train station backdrop in Lagos, Nigeria, embodying Hennessy’s adventurous spirit, reflecting its history of bold...
NCBA Group PLC (“NCBA”) has announced the completion of its 100% acquisition of AIG Kenya Insurance Company Limited (“AIG Kenya”), further strengthening its position in the financial services industry.
NCBA has held a minority shareholding in AIG Kenya for over 18 years, and this strategic move brings into NCBA an over 50-year-old insurance business...
MultiChoice Group (www.MultiChoice.com/) demonstrated resilient operational performance for the year ended March 2024 (FY24), delivering a 26% trading profit margin in South Africa, while increasing trading profit in the Rest of Africa by 48%, despite very challenging macro-economic conditions. Clear strategic milestones were reached, with the group successfully launching Showmax 2.0, SuperSportBet and Moment, all of which...
