Kenya’s securities exchange has moved a step closer to requiring companies to start Environmental, Social and Governance, or ESG, disclosure and introducing an index for the category. The Nairobi Securities Exchange published its ESG guidance manual on Monday, with a view of aligning information reported by companies listed in Kenya with international standards. The NSE […]
Tag: XNAI_KCB
Magufuli ghosts return to haunt Kenyan firms as bid to crack TZ flops
Chairman Kenya Bankers Association Joshua Oigara. [File, Standard] KCB Group might have taken the wrong path to regional banking supremacy. The Tanzanian route is somewhat jinxed. The listed lender’s foray into the region might have started in Tanzania where it launched its operations away from home in 1997, but Dar es Salaam has not warmly […]
Kenya: Dividend Payouts Rise As Economy Improves
The number of corporates dishing out dividends to shareholders for the year ending December has risen, pointing to improved profits and a bright economic outlook. The Nairobi Securities Exchange (NSE) on Friday joined a growing list of firms that paid or declared interim dividends for investors. The NSE board announced a surprise special dividend of […]
NSE stocks hit 7-month low on new Covid strain
The value of stocks on the Nairobi Securities Exchange (NSE) #ticker:NSE dropped to a seven-month low on foreign investors’ sell-off of blue-chip firms amid rising concerns over new coronavirus variant. Market data shows investors’ paper wealth declined Sh89.06 billion in a week through Monday, pushing the market value to levels last seen in mid-April. The […]
Kenya: Dividend Payouts Rise As Economy Improves
The number of corporates dishing out dividends to shareholders for the year ending December has risen, pointing to improved profits and a bright economic outlook. The Nairobi Securities Exchange (NSE) on Friday joined a growing list of firms that paid or declared interim dividends for investors. The NSE board announced a surprise special dividend of […]
Fuliza, KCB Bank, Britam Insurance Among Top Preferred Brands in Kenya
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 […]
Fuliza Among the Most Preferred Credit Facilities in Kenya
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 acquisition of Tanzanian bank flops
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 […]
Kenya: Court Decision Gives Hope for Mumias Sugar Company Survival
Appointment of a receiver-manager often heralds the last rites of a dying company. Such appointments are akin to a kiss of death as very few if any have managed a turn-around. As noted by Justice Alfred Mabeya recently, "receivership was a selfish, and destructive affair that was only self-centred concerned with the heavy remuneration of […]
As Equity tops industry, will KCB roar back into the lead?
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 […]