NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Shareholders’ wealth at the Nairobi Securities Exchange hit the highest level ever on a year-on-year basis in the first nine months of 2021, driven by recovery from the effects of Covid-19. The Capital Market Authority’s Q3 statistical bulletin shows market capitalisation at the […]
The Angaza Awards, Women to Watch in Banking and Finance program is open for submission of entries for the 2021 Top 10 Women to Watch list . The List will feature women across the various industries that make up the financial services sector. Deadline for applications is 30th October, 2021. The Angaza Awards are organized […]
NAIROBI, Kenya, October 21 -Equity Bank has updated its online banking offering, previously known as Eazzy Net which will be known as Equity Online as part of the bank’s strategy to provide a seamless customer experience across all banking channels. In a statement, the bank said that the new platform will provide a unified service […]
The National Treasury disclosed the loans amounted to KSh 104.84 billion The exchequer said the billions were invested in priority projects but may have to be repaid by taxpayers given the poor financial state of the parastatals As of June 2020, KPLC had debts amounting to KSh 53.84 billion At least nine state-owned firms are […]
Taxpayers may in future potentially step in and bail out nine State-owned firms, including Kenya Power, from commercial loans amounting to more than Sh104.84 billion, the Treasury has disclosed. The loans, which the firms took out after seeking approval from the Treasury, pose potential financial burden on the taxpayer as the proceeds were invested in […]
Customer deposits in mobile phone account M-Shwari hit Sh571.1 billion as Kenyans increasingly turned to the service for savings and borrowing. The deposits, which rival savings held in top banks, rose 78.5 percent from Sh320 billion reported the previous year. The growth means that Kenyans on average deposited Sh687.95 million daily in their M-Shwari savings […]
The Bank of Queensland Ltd (ASX: BOQ) share price is up 0.1% in early afternoon trading, at $9.74 per share. That’s a bit better than the 0.39% loss posted by the S&P/ASX 200 Index (ASX: XJO) at this same time. With intraday moves factored in, the bank’s shares are up 4.9% since the start of […]
East African Cables products./ East African Cables is insolvent with current liabilities exceeding current assets by Sh426 million, the latest audit report by KPMG has revealed. According to the report, it owes several banks money running into billions and has been struggling with declining sales since 2013. The company’s books show that it had overdue […]
BizTalk with Bill Roy · Biztalk – With – Bill – Roy – Podcast – 227 Equity Bank’s Brad Elliott says it was 2004 when he first approached American State Bank & Trust Co. about a partnership. It took some time, but 17 years later, the two banks closed Friday on a merger that put […]
Monthly bonds turnover on the Nairobi Securities Exchange (NSE) hit an all-time high of Sh118.1 billion in September on the back of a liquid market and demand for infrastructure bonds, while equities remained subdued as blue-chip share prices retreated. The previous high in bonds turnover for a single month was the Sh106.9 billion that was […]
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