Investors on the Nairobi Securities Exchange #ticker:NSE (NSE) have lost Sh146 billion in paper wealth over the last two weeks as demand for stocks slumped amid shifting preference for the government’s tax-free infrastructure bond. The NSE market capitalisation declined from a high of Sh2.93 trillion mid-August to Sh2.78 trillion at the close of trading Monday […]
Nelson Gaichuhie, CAS The National Treasury and Planning and John Gachora, the NCBA Group Managing Director during the launch of NCBA 2020 Economic Outlook Report at Radisson Blu Hotel Nairobi The shutting down of several branches in Kenya due to Covid-19 on reduced business activities has seen NCBA bank relegated lender to the fourth position […]
A Banque Populaire du Rwanda (BPR) banking hall. The Rwandan lender was recently acquired by Kenya’s KCB Group. PHOTO | FILE The recent acquisition of BPR Atlas Mara by KCB group to form BPR Bank will shake up competition in the Rwandan financial market. In terms of how this will reflect on the competition for […]
Jane Karuku, Managing Director at East African Breweries Ltd. [Courtesy] A long-established tenet for establishing a business is to return a profit. But the thinking has evolved and driven businesses to aspire to ideals higher than just profit. Companies now understand a greater value in caring for the environment and making a contribution to better […]
65 per cent of formal workers borrow from online lenders. Kenyans in formal employment make the majority of those who seek loans from digital lenders , a new report has revealed. The report released on Wednesday says 65 per cent of formal workers borrow from the online lenders, followed by those in the informal sector […]
Mr Justice David Majanja. Photo/File A judge has refused to recuse himself from the multi-billion-shilling Fourways Junction property dispute pitting the family of a prominent Kiambu family, Equity bank and property developers Suraya Property Group Ltd. Justice David Majanja dismissed the application by Nancy Wanja Gatabaki, the widow of Dr Samuel Gatabaki, who sought to […]
Nelson Gaichuhie, CAS The National Treasury and Planning and John Gachora, the NCBA Group Managing Director during the launch of NCBA 2020 Economic Outlook Report at Radisson Blu Hotel Nairobi The shutting down of several branches in Kenya due to Covid-19 on reduced business activities has seen NCBA bank relegated lender to the fourth position […]
Equity Group has announced a 98% growth in profits during the last 6 months to Ksh. 17.9 billion up from Ksh. 9.1 billion recorded in a similar period last year. This growth has been attributed to the defensive and offensive strategy adopted by the Group at the onset of the COVID-19 pandemic to create resilience, […]
Equity Group Holdings Plc has announced a 98% growth in half-year profits to Kshs 17.9 billion up from Kshs 9.1 billion the previous year. Equity Group managing director and CEO Dr James Mwangi said the defensive and offensive strategy adopted at the onset of the Covid-19 pandemic to create resilience, agility, and recovery, has been […]
Jane Karuku, Managing Director at East African Breweries Ltd. [Courtesy] A long-established tenet for establishing a business is to return a profit. But the thinking has evolved and driven businesses to aspire to ideals higher than just profit. Companies now understand a greater value in caring for the environment and making a contribution to better […]
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