Software Group has announced the appointment of Jaime Pinto as the Chief Commercial Officer for the Africa region.
Jaime has over years of professional experience in Payments, Telecom, Mobile and Financial solutions from Africa, Asia and Europe, having worked at different sized organizations – from large corporates to SMEs and start-ups.
Jaime holds an MBA in Business Administration and Management with...
Absa Bank Kenya PLC’s Jeremy Awori is set to step down as CEO & Managing Director of the company on October 31, 2022.
The Board of Absa Bank Kenya PLC announced that after nearly 10 years of service, Awori has decided to pursue a career opportunity outside the Absa Group.
“Jeremy has been instrumental in driving significant growth and transformation of...
PwC Africa Rebrands To PwC Private
PwC Africa, Private Company Services (PCS) has also undergone an element of change to become PwC Private.
Offering the same service, from the same diverse, tech-powered community of solvers, the new name differentiates Private as a community of trusted business advisors who provide bespoke advice, solutions and experiences for small, medium and large businesses.
“For more...
Deluxe Trucks and Buses, the authorised distributors of Ashok Leyland trucks and buses in Kenya, has partnered with KCB Bank to offer flexible terms to its clients.
The two institutions will jointly promote the Ashok Leyland brand of vehicles, where customers will enjoy up to 95 per cent financing.
The programme will benefit individuals, small and medium size companies and large...
KCB Bank Kenya and IFC have signed a partnership that will help catalyze the growth of climate finance in Kenya by increasing support for businesses addressing climate change.
IFC will extend a $150 million (Ksh18 billion) loan to KCB Bank Kenya to fund the growth of the bank’s climate finance portfolio, with a specific focus on financing the development of...
Bolt has introduced additional features on its driver’s App to enhance the safety and well-being of drivers, Boda riders, and passengers during a Bolt trip.
The new safety features include the driver trip sharing feature and the rider score feature which now allow drivers, Boda Boda riders, on its platform to share their live trips as well as be...
Net Interest Income grew to Ksh 1.03 Billion representing 11% growth
Ksh 173 Million growth in non-funded income representing 53% growth
Interest on Government Securities grew by 119 Million representing 38% growth
Interest Expense dropped by 1% to 1.05 Billion
Total Operating Income grew by 22 % to reach 1.52 Billion
Operating Expenses declined by Ksh 102 Million representing a 7% drop year-on-year
Non-performing...
Absa Bank Kenya PLC has reported a Profit after Tax of Ksh6.3 billion for the half-year period ended June 30, 2022, registering a 13% growth as compared to a similar period last year.
The improved performance was achieved on the back of double-digit revenue growth driven by accelerated lending as the economy continued to recover from the negative impact of...
Co-operative Bank has published its results for the six months ended June 30. The bank saw its half-year net profit surge 55.7% to Ksh11.5 billion compared to Ksh7.4 billion in H1 2021.
Growth was driven by a spike in revenues. Interest income grew from Ksh25.9 billion in H1 2021 to Ksh28.5 billion in H1 2022.
Non-interest income also increased to Ksh13.3...
National Bank of Kenya (NBK) reported Ksh729 million profits after tax in H1 results compared to Ksh765 million over a similar period in 2021.
Operating income grew 13% while operating costs increased by 11% on the back of increased investments in strategic projects to enhance operational excellence and customer experience.
NBK Acting Managing Director Peter Kioko said that there was steady...
