Standard Chartered Bank Kenya chief executive Kariuki Ngari. PHOTO | DIANA NGILA | NMG Standard Chartered Bank Kenya has reported a 66.2 percent jump in net profit the full year to December 2021, helped by reduced costs and growth in non-interest income. The lender recorded Sh9.04 billion in profit after tax, the highest in five […]
Category: Nairobi Stock Exchange
Allianz purchases 51pc stake in Jubilee’s Burundi unit
Global general insurer Allianz SE has completed the purchase of a 51 percent stake in Jubilee General Insurance Limited in Burundi from the parent company Jubilee Holdings, which will retain a 19 percent stake in the business. This is the third of several similar regional transactions after the Kenyan parent firm signed an agreement in […]
StanChart, Family, ABC banks voted best mobile banking – KBA poll
KBA chief executive Habil Olaka /FILE Standard Chartered bank is Kenyans’ most preferred mobile banking under tier one according to Kenya Bankers Association (KBA) poll. In the poll released on Thursday, Family bank was named the best under tier two while the African Banking Corporation (ABC) Bank was named the best under tier three. Most […]
StanChart Kenya’s profit soars, oil price surge clouds outlook
A pre-colonial era monument stands along Kenyatta Avenue in front the Standard Chartered Bank in Kenya’s capital Nairobi, file. . REUTERS/Noor Khamis/File Photo NAIROBI, March 14 (Reuters) – Standard Chartered Bank Kenya said on Monday its pretax profit soared 70% last year to a five-year high but surging energy prices because of Russia’s invasion of […]
Why DRC is fertile hunting ground for Kenyan firms
Kenyan firms are planning to expand into the populous Democratic Republic of the Congo (DRC) that is about to join regional trading bloc after making formal application in June 2019. The admission of DRC into six-nation East African Community (EAC), expected to be concluded this year, is projected to strengthen trade ties, expanding market for […]
Judge trashes affidavit querying Dubai firm’s part in Mumias saga
Mumias Sugar Company main gate [Benjamin Sakwa, Standard] The High Court has struck out an affidavit querying the involvement of a Dubai company in the Mumias lease battle . Justice Alfred Mabeya dismissed the document filed by Gikwamba farmers questioning how Mumias assets that had secured loans from Eco Bank and French Development Agency Proparco […]
Vandalised Kenya Power equipment recovered in Juja raid
Three suspects have been arrested and vandalized Kenya Power & Lighting Company equipment recovered as detectives intensify the war against vandalism of critical national installations that has recently been on the increase. In an intelligence-driven operation, DCI sleuths from Headquarters Operations Branch raided a scrap metal yard in Juja’s Matangi area where several vandalized KPLC […]
KPLC invites applications for May industrial attachment
KPLC announces Industrial Attachments May – July 2022 Kenya Power and Lighting Company have announced Industrial Attachment opportunities for continuing Bachelor’s Degree, Diploma and Craft Certificate students. “In line with the Government’s commitment to supporting youth empowerment, we are offering to continue Bachelor’s Degree, Diploma and Craft Certificate students an exciting opportunity to gain hands-on […]
Kenya launches electric public service vehicle to boost green mobility
NAIROBI, March 9 (Xinhua) — Kenya’s ministry of energy and private sector players on Wednesday launched the inaugural electric public service vehicle amid pledge to advance green mobility and tame the climate crisis in the country. Rosemary Oduor, the acting managing director of state power utility, Kenya Power and Lighting Company, said the launch of […]
Nema calls for public input on proposed garbage plant
The proposed 45MW waste to energy plant in Ruai, Nairobi, might take off soon. The National Environment Management Authority has asked the public to submit comments on an environmental impact assessment study report for the proposed project. In a notice in the dailies Nema said it received an environmental impact assessment study report from Kenya […]