NAIROBI, Kenya April 21-Property developer Purshottam Developers, and Stanbic Bank Kenya have entered a structured mortgage finance partnership that will enable customers to own homes in Ruaka at an affordable cost. As part of the deal, Kenyans will be able to acquire the apartments with a standard minimal deposit and subsidized mortgage loan interest at […]
KBA chief executive Habil Olaka /FILE The Credit Reference Bureau (CRB) listing freeze on new loan defaulters of sums below Sh5 million could hinder the implementation of risk-based lending, bankers have said. The Kenya Bankers Association (KBA) chief executive Habil Olaka said this in a commentary supporting the new credit pricing model favoured by industry […]
NSE Market watch board . [Jonah Onyango, Standard] Local investors have bought an additional Sh11.36 billion KCB shares in two years to March 2022, cutting foreigners’ stake to 10.77 per cent. KCB’s regulatory filings show that local individual and institutional investors, including the National Social Security Fund (NSSF) had between March 2020 to last month […]
Investors on the Nairobi Securities Exchange (NSE) #ticker:NSE have seen their paper wealth decline by Sh51 billion since the start of this month as foreign investors continued to flee the market. The market capitalisation opened at Sh2.43 trillion in April and had dropped to Sh2.37 trillion as of Tuesday. Russia’s invasion of Ukraine, profit-taking and […]
Safaricom #ticker:SCOM took the top spot of the best 25 companies to work for in Kenya in the just-released LinkedIn 2022 Top Companies Ranking. Linkedin unveiled its 2022 top companies list that ranks the 25 best workplaces for professionals to grow their careers. The 25 companies were ranked using Linkedin company data and ratings based […]
Mumias Sugar receiver manager Ponangipalli Venkata Ramana Rao. PHOTO | DIANA NGILA | NMG The High Court on Thursday cancelled a 20-year-lease awarded to Uganda-based Sarrai Group to manage Mumias Sugar Company , delaying plans to revive the ailing miller that was placed under administration. Justice Alfred Mabeya froze the Sarrai Group deal on grounds […]
Livestock farmers in Kenya’s arid and semi-arid lands (Asals) will receive training and financing from KCB Foundation following its partnership with USAID. FILE PHOTO | NMG Livestock farmers in Kenya’s arid and semi-arid lands (Asals) will receive training and financing from KCB Foundation following its partnership with the United States Agency for International Development’s Kenya […]
during the Q1,2022 data from DSE shows. The amount is equivalent to a quarter of the DSE total turnover recorded during the quarter. DSE bourse closed the first quarter of 2022 (Q122) on a positive note after recording a total turnover of 35.1bn/- representing a 50.6 per cent increase from 23.3bn/- that was generated during […]
An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. (NSE), in Nairobi, Kenya, on Tuesday, December 8, 2015. [Riccardo Gangale, Bloomberg] The government’s income from profits and dividends in listed companies fell to Sh45 billion in the 2020/2021 financial year , a 37 per cent drop […]
Nairobi — I&M Holdings has been listed as the most attractive bank in Kenya in the Cytonn FY’2021 Banking Sector Report, supported by a strong franchise value and intrinsic value score. The franchise score measures the broad and comprehensive business strength of a bank across 13 different metrics, while the intrinsic score measures the investment […]
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