Whenever government-issued infrastructure bonds come up for auction, they spur investor participation owing to their good returns and tax-free nature. Investors at the NSE, however are less active until the Kenya general election takes place in August. PHOTO | FILE The EastAfrican has learnt that NSE’s desertion has also been compounded by shrinking household incomes […]
(From Left) Paul Njoki – Head of Wealth Management SCB, Edith Chumba – Head Consumer, Private and Business Banking SCB, Mark Mulatya – Chief Operating Officer at Sanlam Investments East Africa Limited and Gaurang Chavda – Head Unit Trust Distribution at Sanlam Investments East Africa Limited take a photo during the launch of the SC […]
Absa Bank Kenya #ticker:ABSA has joined small lenders to offer the cheapest personal loans, breaking ranks with other big banks that have continued to issue relatively expensive credit facilities. An Absa customer taking a Sh1 million, one-year personal unsecured loan today will incur a total credit cost of Sh71,807. That is the same as the […]
stanchart sc shilingi fund Lender Standard Chartered Bank Kenya has released SC Shilingi Funds. According to the bank, this is a a low-ticket money markets fund proposition. The project has been completed by Stanchart alongside Sanlam Investments East Africa Ltd (Sanlam). SC Shilingi funds is now baked into the SC Mobile app. Interested customers can […]
DUBLIN–( BUSINESS WIRE )–The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and community-based financial services associations. […]
KEY POINTS The market is currently trading at a price-to-earnings ratio (P/E) of 11.4x, 11.6 percent below the historical average of 12.9x, and a dividend yield of 3.5 percent, 0.5 percentage points below the historical average of 4.0 percent. During the week, the equities market recorded mixed performance, with NASI gaining by 0.6 percent, while […]
An Airtel shop in Nairobi. Photo/Business Daily Kenya’s second-largest telco Airtel Kenya is broke and surviving on a series of shareholder loans from its parent company Bharti Airtel Kenya BV. According to the firm’s latest financial filings, loans from its holding firm, most of which it is unable to service, increased to Sh. 52.2 billion […]
Airtel Kenya is surviving on a series of shareholder loans from its parent company, most of which it is unable to service, its financial filings show. Kenya’s second-biggest telco has revealed that the shareholder loans from its holding firm Bharti Airtel Kenya BV shot up to Ksh52.2 billion ($460.9 million) in the year ended December […]
An Airtel shop. Airtel Kenya is surviving on a series of shareholder loans from its parent company, records show. PHOTO | FILE | NMG Kenya’s second-biggest telco has revealed that the shareholder loans from its holding firm Bharti Airtel Kenya BV shot up in the year ended December 2020. These shareholder funds, Airtel said, are […]
Airtel Kenya is surviving on a series of shareholder loans from its parent company most of which it is unable to service, its financial filings show. Kenya’s second-biggest telco has revealed that the shareholder loans from its holding firm Bharti Airtel Kenya BV shot up to Sh52.2 billion in the year ended December 2020 from […]
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