The Fuliza overdraft service transacts more than Sh1.2 billion daily. Safaricom’s overdraft facility, Fuliza, has taken less than three years to capture the digital lending market. But the telco’s climb to the pinnacle of the market segment has been anything but smooth. It started with M-Kesho—the ill-fated product launched by the mobile service provider in […]
Traditional dividend payers such as KCB, Equity, Co-operative Bank of Kenya and NCBA are all promising to distribute part of the profits to shareholders. Banks needed just seven months this year to earn the profits they made the whole of last year, new data shows. And now they are promising shareholders bumper dividends as the […]
Ajua team in a past event. Admittedly, not all brands are equal in terms of success, customer reach, and how customers/clients relate to them. For instance, some businesses are more intentional about making sure that their customers have a better experience with them. According to a report published by Ajua for Quarter 3 Customer Loyalty […]
Equity Group has reported 78.6 percent growth in profit after tax for the nine months to September this year on account of the growth of non-funded income and reduced costs. The bank posted Sh26.8 billion net profit compared to Sh15 billion posted in the same period last year. This was attributed to a 28.8 percent […]
Kenya is set to launch a new Warehouse Receipt System (WRS) in Kitale, Trans Nzoia County. County Executive for Agriculture, Livestock, Fisheries and Crop Management, Mary Nzomo made the announcement. The electronic system would allow owners of agricultural commodities to deposit their goods in certified warehouses belonging to National Cereals and Produce Board (NCPB) , […]
Safaricom’s Fuliza credit facility , KCB Bank and Britam Insurance are among the top preferred brands in Kenya in the third quarter of 2021. This is according to Ajua’s quarter 3 customer loyalty benchmark report. Ajua describes itself as Africa’s first Integrated Customer Experience company for businesses on the continent. The report, which is available […]
Equity Bank has been featured in the Africa’s Most Valuable Brands ranking conducted by the Brand Finance Report 2021. Equity’s value jumped 8.3% compared to last year, to be valued at Ksh. 22.7 billion (USD 202 million) in 2021. The Bank is also the most valued bank by market capitalization listed on the Nairobi Stock […]
Ajua team in a past event. Admittedly, not all brands are equal in terms of success, customer reach, and how customers/clients relate to them. For instance, some businesses are more intentional about making sure that their customers have a better experience with them. According to a report published by Ajua for Quarter 3 Customer Loyalty […]
KCB Group #ticker:KCB has cancelled its plan to acquire a Tanzanian lender from London-listed Atlas Mara Limited, citing regulatory hurdles. KCB in late November last year announced that it would acquire 62.06 percent stake in Banque Populaire Du Rwanda (BPR) and 100 percent stake in African Banking Corporation Tanzania Limited (BancABC). The lender, which already […]
Equity Group Managing Director & CEO Dr. James Mwangi [Wilberforce Okwiri, Standard] Equity Group founder Peter Munga knows well what to do in the face of failure: look for people to rescue the vision. But for KCB Bank, hitting rock bottom has not been part of its story. Since 1896, when it started its operations […]
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