The use of ATMs in Kenya has halved in the wake of coronavirus as Kenyans opt for contactless payment systems, a survey by Standard Chartered Plc has revealed. The survey across 12 markets including Kenya has shown that the Covid-19 pandemic has accelerated the adoption of non-cash channels as consumers reduce their exposure to the […]
NAIROBI, Kenya, Oct 8 – The Kenya Revenue Authority (KRA) has announced the appointment of Rispah Simiyu as the new Commissioner for Domestic Taxes. The new commissioner currently serves as the KRA Deputy Commissioner in charge of the Tax Dispute Resolution docket. According to the Authority’s Chair Francis Muthaura, Simiyu will be assuming her new […]
The new chief executive of CIC Insurance Group #ticker:CIC, Patrick Nyaga, has bought 11.3 million shares of the company with a current market value of about Sh26 million. Mr Nyaga, who was appointed to the position in June, appeared in the insurer’s list of top shareholders in September, according to filings seen by Business Daily. […]
NAIROBI, Kenya, Sept 21 – Standard Chartered Bank has been named as the best consumer digital bank in Kenya by Global Finance Awards. The bank also emerged Best Integrated Consumer Bank Site, Best Online Product Offerings, Best Information Security and Fraud Management and Most Innovative Digital Bank in the region. The bank was in particular […]
Standard Chartered Bank Kenya shareholders during a past AGM. FILE PHOTO | NMG Standard Chartered Kenya shareholders will enjoy a total return of 14.5 percent following the review of dividend for the year ending December 2019 to a bonus share issue and reduced cash payout. The lender last week said it will ask shareholders to […]
Dividends paid out to multinationals for their controlling stakes in Nairobi Securities Exchange-listed firms are set to drop by 21 percent this year as a few blue-chips reduced their payouts by significant amounts. Multinational firms including Vodacom Group, Diageo Plc, WPP Plc and BAT Plc have received or are set to get a total of […]
The Standard chartered bank on Kenyatta avenue. Photo/Monicah Mwangi Standard Chartered Bank has been named the best consumer digital bank in Kenya by Global Finance Awards. It also bagged awards for the best integrated consumer bank site, best online product offerings, best information security and fraud management and most innovative digital bank in the region. […]
Standard Chartered Bank has partnered with East Africa’s leading Water and Energy Solutions provider Davis & Shirtliff to launch Kenya’s first green financing instrument to support a sustainable, low-carbon and resilient future. The partnership is aimed at supporting individual clients’ transition to cleaner technologies, harness and scale more climate friendly business practices. Under the arrangement, […]
Absa Bank branch in Nairobi. FILE PHOTO | NMG Commercial banks lost Sh19.48 billion in the six months to end of June as Covid-19 economic disruption forced lenders to increase provisions for debt defaults, hurting the profitability of the sector. Analysis of the half year results for 36 out of the 39 banks that were […]
Huawei has announced that it is working with partners to bring more apps to its app store, the AppGallery, in order to grow and strengthen the platform. Huawei has been shipping more phones running Huawei Mobile Services (HMS) such as the Y9P, Y8P and the Y7P. The users of these phones are now downloading apps […]
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