NCBA Group chairman James Ndegwa (left) and his brother Andrew Ndegwa each own a 4.16 percent personal stake in the bank with a market value of Sh1.6 billion apiece. FILE PHOTOS | NMG NCBA Group chairman James Ndegwa and his brother Andrew Ndegwa each own a 4.16 percent personal stake in the bank with a […]
Listed firms are now changing their regulations to allow for virtual annual general meetings (AGMs) to accommodate realities such as Covid-19 that have made large physical gatherings impossible. State ban on physical gatherings had stalled holding of AGMs, which are usually crucial for endorsing dividend payments and voting new leaders. This was, however, unlocked by […]
Tourney’s total prize money is Sh23.6m Currently the oldest and most popular European Challenge Tour event globally, the Barclays Kenya Open was last held at the par-71 Muthaiga course in 2012. The tournament was meant to alternate between the two 18-hole courses every three years. The annual Barclays Kenya Open golf championship which has been […]
Business News Banks have until end of this year to verify contents of their customers’ safes and report suspicious ones in new push to stamp out money laundering. The days of individuals hiding their ill-gotten wealth or cash in banks’ safe deposit boxes are numbered. This is after the Central Bank of Kenya (CBK) gave […]
Are you in a rush to beat the loan repayment deadline for your ABSA Timiza loan , but you do not know how to proceed? There is no need to panic. ABSA has simplified the process of repaying the loans. You can quickly repay your outstanding loan via M-Pesa using the Timiza Paybill number. Image: […]
Barclays Bank of Kenya half year profit hits Sh3.76 billion. (sapeople) Barclays Bank of Kenya half year’s after-tax profit rose by 6.2 per cent on the back of increased lending to government and lower costs. The bank’s net profit for the period ended 30th June 2018 was Sh3.76 billion, a growth of 6.2 per cent […]
The CEO, Barclays Kenya, Jeremy Awori, is confident that cash payments are going to be a thing of the past. We are quickly moving towards a cashless society, thanks to MPESA and other innovations like crypto payments that are enabling this shift. Jeremy Awori, CEO, Barclays Bank of Kenya, was a guest speaker, together with […]
Kenyan banks are struggling to mobilise deposits, which could further dent their profitability amid declining income from loans and advances. And now, the lenders are looking for cheap funds to lend to the government through Treasury bills and bonds after declaring that households and small businesses were risky after an interest rate cap regime was […]
IPSL Chief Executive Officer, Jennifer Theuri says they hope to raise the number of banks using Pesalink in the next few weeks So far, 22 commercial banks are part of the network allowing customers to move money across banks through the app. The banks include; I&M Bank Kenya, CBA, First Community Bank, Paramount Bank, Jamii […]
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