President Uhuru Kenyatta leads Parliamentary Leadership in launching the Kiswahili and Bilingual versions of the National Assembly Standing Orders on November 12, 2020 President Uhuru Kenyatta has appointed Christopher Kirigua as the Director-General of the newly formed department for Public-Private Partnerships (PPP). The Head of State is reported to have held consultative meetings at State […]
Top banks in Kenya have raised a red flag over an expected significant drop in net earnings of USD 11 mln for the year 2020, due to the rise of mobile money. The Central bank’s latest data shows that Kenyan banks USD 11.55 million worth of card payment business to mobile telephone operators between March […]
An ATM booth. Most customers in Kenya opted to use mobile money over debit or credit cards in the wake of the pandemic. PHOTO | FILE | NMG Top banks in Kenya have raised a red flag over an expected significant drop in net earnings for the year 2020. They cite deteriorating economic conditions and […]
Top banks in Kenya have raised a red flag over an expected significant drop in net earnings for the year 2020. They cite deteriorating economic conditions and the Covid-19 containment measures, which have seen the entire banking industry lose over Ksh1.2 billion ($11 million) worth of revenues from card payments to telcos mobile payment platforms […]
NSE trading floor. FILE PHOTO | NMG A record number of profit warnings by commercial banks has left their shareholders at risk of missing dividends worth over Sh33 billion after the lenders were forced to cut or suspend the payments to conserve cash in the wake of the Covid-19 crisis. An unprecedented six of the […]
NAIROBI, May 6 (Reuters) – Standard Chartered Bank Kenya has adjusted the terms of more than 8 billion shillings ($75.4 million) of its loans to individuals and businesses – about 6% of the total – to help them weather the impact of COVID-19, it said on Wednesday. Lenders in the East African nation have so […]
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. Britam Holdings , Absa Bank Kenya , East African Breweries Limited ( EABL ), Kenya Power , East African Cables , Kenya Orchards , Longhorn Publishers , Nairobi Business Ventures , […]
The Central Bank of Kenya, in partnership with Huawei, Safaricom, KCB Bank, and Standard Chartered Bank Kenya, recently held the Afro-Asia Fintech Festival, Nairobi Online City Event. The three-day event themed “People and Talent-Harnessing: Collaboration in Pursuit of Resilience and Growth Post Covid-19” was organized by the Monetary Authority of Singapore. The event aimed at […]
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. FILE PHOTO | NMG At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. Britam Holdings , […]
Mr Allan Kilavuka (left) was confirmed as Kenya Airways CEO after Sebastian Mikosz resigned. Ms Jane Karuku (centre) was named EABL managing director, becoming the first Kenyan woman to lead the brewer. Mr Peter Ndegwa became the first Kenyan to lead Safaricom PLC , East Africa’s biggest company. FILE PHOTOS | NMG Some of the […]
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