MFS Africa, a leading pan-African fintech company, is thrilled to announce that it has been crowned Fintech of the Year at a ceremony held last night, 24 May, in Sharm El Sheikh in Egypt. This prestigious accolade recognises the company’s outstanding contributions to the fintech industry in Africa and beyond through payment solutions that make borders matter less for...
Global independent oil and gas, exploration and production firm Tullow Oil plc has acquired complete control of the Turkana County-based Project Oil Kenya development following the withdrawal of its two joint venture partners.
With the strategic exit of Africa Oil Corp and Total Energies from the Project, Tullow will assume a 100% equity position, subject to the Government of Kenya's...
PICTORIAL
Equity Bank Kenya MD Gerald Warui (centre) holding certificate for the Best Tier One Bank in Kenya at the 2023 Think Business Awards. With him are Equity Group & Country Subsidiaries’ Managing Directors (Rwanda, Tanzania, Uganda, DRC and South Sudan) and other Group Directors. Equity Bank has been feted as the Overall Best Bank in Kenya for the 12th consecutive year, bagging 19...
NCBA Group PLC has posted a profit before tax of KES 6.4 billion in its Q1 results ending March 31st 2023, which is a 32 per cent increase compared to KES 4.8 billion reported during a similar period last year.
The Group registered a profit after tax of KES 5.1 billion, representing 49 per cent growth up from KES 3.4 billion in Q1 2022.
Summary Key Highlights
§ Assets grew to KES...
In 2022, Samsung Electronics announced its environmental strategy to achieve net zero carbon emissions by 2050.
As part of these sustainability efforts, Samsung has expanded the use of recycled materials in plastic parts for its products. By 2030, Samsung aims to incorporate 50% recycled materials into its plastic parts and by 2050, aims to use 100% recycled materials for all...
The global economy faces a perfect storm of stubborn inflation, high interest rates in key economies, trade wars, supply chain difficulties and fallout from the Ukraine crisis which has heightened geopolitical risks. This is having a big impact on emerging and developing market economies, including African economies in the form of fuelling price rises, constrained trade volumes, reduced access...
Acronis, the global leader in cyber protection, announced today the general availability of Acronis Advanced Security + Endpoint Detection & Response (EDR) for Acronis Cyber Protect Cloud.
With new capabilities such as AI-based attack analysis, Acronis EDR reduces complexity and simplifies workflows for a more streamlined operation, making it easier than ever for Managed Service Providers (MSPs) and the businesses they...
The Board of Equity Group Holdings is happy to announce that it has received in principle approval from the Insurance Regulatory Authority (IRA) to set up a General Insurance Company.
The application for a General Insurance business licence follows the successful launch of Equity Life Assurance Kenya (ELAK) – Life Insurance business last year. In the 9 months that ELAK...
Listed local superfoods grower and exporter Kakuzi Plc (NSE: KUKZ) will maintain a products and markets diversity strategy geared at enhancing shareholder returns, the firm’s Board leadership has confirmed.
As part of the shareholder returns enhancement strategy, Kakuzi Plc is gearing up to make its pioneer property development investment in the retail sector as it develops Kakuzi Farmers Market. The retail enterprise,...
Equity Group has weathered a turbulent macroeconomic environment to register a 21% growth with total assets reaching Kshs.1,537.7 billion. Funding the asset growth is a 23% growth in customer deposits with the proceeds deployed to grow loan the book by 21%. Customer deposits grew to Kshs.1,111.2 billion up from Kshs.900.9 billion while the loan book grew to Kshs.756.3 billion up...
