In a major virtual summit with over 1,000 high-level attendees, Africa.com revealed the names of the 50 most senior women in Corporate Africa. The Africa.com Definitive List of Women CEOs is distinguished in that it is data-driven. The researchers started by working with data provided by Bloomberg and evaluating the over 1,400 companies listed on […]
Diamond Trust Bank Kenya Ltd. is Nairobi’s worst-performing banking stock year-to-date, with sentiment clouded by rising bad debts as many of its peers post signs of recovery from the ravages of the pandemic. Asset quality is a concern for the lender, after bad debt provisions increased 24% in the first six months of the year, […]
During the week, the equities market recorded mixed performance, with NASI and NSE 20 gaining by 0.2 percent and 0.5 percent, respectively. The NSE 25 declined by 0.2 percent, taking their YTD performance to gains of 17.7, 5.8, and 14.2 percent for NASI, NSE 20, and NSE 25, respectively. The equities market performance was mainly […]
Nairobi Securities Exchange(NSE) recorded Kapchorua Tea Company as the top price gainer when trading ended this Wednesday. Kapchorua share price was up 10% to close at KSh 93.50 per share over the previous closing price of KSh 85.00 on Tuesday 13th, 2021. KAPC began 2021 with a share price of KSh 78.00 and has since […]
Diamond Trust Bank Kenya #ticker:DTB will shut down six branches countrywide from July as it seeks to cut operational costs. In a notice on Friday, the listed lender said the branches targeted for closure are within proximity to others, which will be merged with alternative ones in their respective areas. In Nairobi, the Oval Digital […]
The Kenya Mortgage Refinance Corporation (KMRC) will issue a corporate bond in the third quarter of 2021, as it moves to raise money for low-cost houses. Chief Executive Johnstone Olteita said an interview with The Standard that the company would be seeking to raise between Sh2 billion and Sh3 billion next year, but did not […]
The Kenya Mortgage Refinance Corporation (KMRC) will issue a corporate bond in the third quarter of 2021, as it moves to raise money for low-cost houses. Chief Executive Johnstone Olteita said an interview with The Standard that the company would be seeking to raise between Sh2 billion and Sh3 billion next year, but did not […]
Hamis Kiggundu (C) consults his lawyers during the hearing of the case in Kampala recently. PHOTO/ALFRED OCHWO Kampala, Uganda | THE INDEPENDENT | The Principal Judge Dr Flavian Zeija has stayed the implementation of Commercial Court orders directing Diamond Trust Bank Uganda and Diamond Trust Bank Kenya to refund 120 billion shillings and to return […]
Ham Kiggundu (R) with his lawyer Fred Muwema Principal judge, Dr Flavian Zeija has rebuked one of the parties in the businessman Hamis Kiggundu-Diamond Trust Bank (DTB) case for sending him agents with financial proposals to influence his decision in the matter. Zeija made the revelation today while issuing orders in which he stayed the […]
(Adds government comment giving reassurance on debt obligations) KAMPALA, Oct 8 (Reuters) – Banks in Uganda plan to appeal a court ruling issued on Wednesday that has effectively declared illegal certain syndicated loans – representing at least $1.5 billion worth of debt – an industry body said on Thursday. The ruling by the Commercial Court […]
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