National Bank of Kenya (NBK) in partnership with Aqua for All has launched a Sh5 billion Water, Sanitation and Hygiene financing programme to offer support to businesses dealing with water, sanitation and hygiene products and services. Groups that are expected to benefit from the fund include micro, small and medium enterprises, corporates, public and private […]
Tag: national bank of kenya
Half of Nairobi bourse firms fail to recover from Covid-19
More than half of stock prices at the Nairobi Securities Exchange (NSE) have yet to return to their pre-Covid-19 levels amid the full recovery of the bourse and economic revival from the pandemic-induced slump. Of the 58 actively traded counters, 31 are trading below their closing price on March 12, 2020, when Kenya announced the […]
Kenya : Half of NSE firms fail to recover from Covid
More than half of stock prices at the Nairobi Securities Exchange (NSE) have yet to return to their pre-Covid-19 levels amid the full recovery of the bourse and economic revival from the pandemic-induced slump. Of the 58 actively traded counters, 31 are trading below their closing price on March 12, 2020, when Kenya announced the […]
Half of Nairobi bourse firms fail to recover from Covid
Nairobi Securities Exchange trading floor. PHOTO | NMG Firms that have made positive corporate moves in the stock market such as bonus issuances and buyouts like Nairobi Business Ventures (NBV) have also recorded higher gains relative to peers. But investors have punished top firms viewed to struggle under effects of Covid-19, including East Africa Breweries […]
Half of NSE firms fail to recover from Covid
More than half of stock prices at the Nairobi Securities Exchange (NSE) have yet to return to their pre-Covid-19 levels amid the full recovery of the bourse and economic revival from the pandemic-induced slump. Of the 58 actively traded counters, 31 are trading below their closing price on March 12, 2020, when Kenya announced the […]
Equity beats KCB in subsidiaries’ earnings
Equity Group #ticker:EQTY businesses outside Kenya have widened the profit gap against top rival KCB Group #ticker:KCB, underlining the impact of acquiring a second bank in DRC Congo last year. The lender’s pretax profit from its five subsidiaries in South Sudan, Tanzania, Rwanda, Uganda and DRC Congo rose 145 percent to Sh4.9 billion in half […]
KCB Group acquires Rwanda bank, Banque Populaire du Rwanda (BPR)
KCB Group has announced that it has acquired Rwandan bank, Banque Populaire du Rwanda Plc (BPR), from Atlas Mara Mauritius Limited and Arise B.V. The acquisition was completed by the Kenyan banking group after receiving regulatory approvals in Kenya and Rwanda. This makes KCB Group the majority shareholder in BPR, Rwanda’s second biggest bank, with […]
Only 12 listed firms on Kenya’s NSE have investor relations officers
Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that only 12 firms out of the 66 listed operate the department. These are Equity Bank, Stanbic Bank, Co-operative Bank, Safaricom, Centum, KCB, Kenya Airways, Kenya Electricity Generating Company (Kengen), Britam Holdings […]
Only 12 listed firms on NSE have investor relations officers
An electronic board displaying market data. The investor relations department’s role revolves around how a company communicates with investors, shareholders, government authorities, and the financial community. PHOTO | FILE | NMG Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that […]
Atlas Mara Limited Completes Sale of Its 62.06% Stake In Banque Populaire du Rwanda Plc to KCB Group Plc(KCB)
KCB Bank Rwanda Kigali –KCB Group Plc (“KCB”) hereby provides an update on the strategic transaction for the acquisition of a majority stake in Banque Populaire Du Rwanda Plc (“BPR”). As previously announced in November 2020, Atlas Mara and KCB signed a definitive agreement regarding the acquisition of 62.06% of the issued share capital of […]