Kenya regional carrier Jambojet cancels flights as passenger numbers fall over Coronavirus

Few passengers travelling to Rwanda and Uganda has forced low-cost carrier Jambojet to suspend flights to Kigali and Entebbe with immediate effect. The budget carrier, a subsidiary of the national airline Kenya Airways #ticker:KQ, said over the past few weeks there has been a decline in air travellers especially on its international routes caused by […]

Kenyan Bank regional subsidiaries deliver a 31.5% increase in profits

Kenyan banks registered a 31.52 percent increase in regional subsidiaries’ pre-tax profit to Sh11.57 billion last year supported by increased lending, offering hope for more growth opportunities across the borders. The growth in profit from previous year’s Sh8.79 billion was specifically from subsidiaries in DR Congo, Tanzania, Burundi and Mauritius even as Uganda’s fortunes waned. […]

NCBA (NIC and CBA merger) add shares on Nairobi Stock Exchange

NCBA Group, an amalgamation of NIC Group and Commercial Bank of Africa, yesterday listed 793.8 million new shares at the Nairobi bourse, further cementing the merger. The newly entity officially began operating as one on October 1, after Central Bank of Kenya gave the green light on September 27. Given NIC Group initially had 703.9 […]