Standard Chartered Bank Kenya shareholders during a past AGM. FILE PHOTO | NMG Standard Chartered Kenya #ticker:SCBK 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 […]
Standard Chartered ATM lobby in Nairobi. The lender is pushing customers to embrace digital banking. FILE PHOTO | NMG Standard Chartered Bank Kenya #ticker:SCBK will shut down its T-Mall branch along Lang’ata Road in Nairobi in September as it continues to push customers to embrace digital banking. In a notice to customers, StanChart said it […]
Standard Chartered Bank signs emergency medical rescue partnership with AMREF Flying Doctors Image: COURTESY Standard Chartered Bank Kenya has partnered with AMREF Flying Doctors, to offer emergency medical evacuation service to Bank’s clients at preferential rate using a customized client system. “This partnership is one of the bank’s many initiatives to aid our clients and […]
Equity Group Holdings (EGH) Ltd has taken over more than $20 million worth of loans owed by the loss making East African Cables Ltd in a major debt restructuring plan aimed at returning the manufacturer to a strong financial footing. The restructuring will result in the refinancing of East African Cables existing debt over a […]
A display of listed equities at the NSE Photo taken on August 1,2019. PHOTO | CITIZEN DIGITAL The stocks of Safaricom and the East African Breweries Limited (EABL) have led the rebound witnessed at the Nairobi Securities Exchange (NSE) from the COVID-19 shocks registered earlier this year. This is as local investors fill in the […]
Five women-led tech businesses have each received KSh 1million in seed funding from Standard Chartered Bank Kenya following successful completion of the third cohort of a tech incubation program launched in 2017 by the Bank in partnership with iLab Africa – a division of Strathmore University. This year’s top 5 companies are Bena Care which […]
East Africa’s listed banks have reported either flat or reduced profit for the first three months ended March 31, 2020. PHOTO | FILE | NATION MEDIA GROUP East Africa’s listed banks have reported either flat or reduced profit for the first three months ended March 31, setting the pace for a year of subdued performance […]
East Africa’s listed banks have reported either flat or reduced profit for the first three months ended March 31, setting the pace for a year of subdued performance as the Covid-19 pandemic stifles economic activity. The banks’ first quarter performance shows both interest and non-interest income came under immense pressure, as loan loss provisions increased […]
Kenyan banks are expected to hoard cash as they report a jump in first-quarter loan-loss provisions to cope with the aftermath of the coronavirus pandemic. Kenyan banks are expected to hoard cash as they report a jump in first-quarter loan-loss provisions to cope with the aftermath of the coronavirus pandemic. Kenyan institutions got a cash […]
Nairobi — Debt-ridden East African Cables has announced that there will be a delay in the publishing of the audited financial statement for the year ending December 31, 2019. In a statement, the Group’s Company Secretary Virginia Ndunge said the firm has already obtained approval from the Capital Markets Authority granting it the extension. Ndunge […]
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