From left: NCBA Group MD John Gachora, KCB Group CEO Joshua Oigara and Kenya Bankers Association CEO Habil Olaka during the launch of a mobile loan product in 2019. FILE PHOTO | NMG It is estimated that over $37.1 billion worth of securities held by big banks are tied in the real estate amid reports […]
Dar es Salaam — Middle-level commercial banks are increasingly taking a cautious approach to lending as they seek to raise profits while reducing Non-Performing Loans (NPLs) – and to align with the regulator’s requirements. A close look at recently-released financial statements for 13 commercial banks which have assets of between Sh100 billion and Sh900 billion […]
From left: NCBA Group MD John Gachora, KCB Group CEO Joshua Oigara and Kenya Bankers Association CEO Habil Olaka during the launch of a mobile loan product in 2019. FILE PHOTO | NMG It is estimated that over $37.1 billion worth of securities held by big banks are tied in the real estate amid reports […]
Foreign investors pulled out Sh1.48 billion from the Nairobi Securities Exchange (NSE) last month. This marks the second straight month of net-selling amid the prevailing rise in stock prices. Data from trading and corporate advisory firm AIB-AXYS Africa shows that foreigners bought shares worth Sh6.75 billion but sold others valued at Sh8.24 billion during the […]
Sponsors, also adopters of the elephants, received a certificate and an image of their adopted elephant. [Courtesy] The first Tembo Naming Festival was held yesterday at the Amboseli National Park , where more than 20 elephants were given names. The sponsors, also adopters of the elephants, received a certificate and an image of their adopted […]
East Africa Portland Cement has bounced back to profitability to post net profit of Kshs. 1.9 billion for the full year period ending June 31, 2021. This was positive result for the cement manufacturer which has posted a profit loss after tax of Kshs. 2.8 billion during the same period last year. According to EAPC […]
KCB CEO Joshua Oigara. [Maxwell Agwanda, Standard] Foreign investors have halted the sale of KCB shares for the first time in 21 months amid recovering prices of equities at the Nairobi bourse. The latest disclosures by the KCB Group shows that foreign investors added 5.26 million shares in the three months ended September, stopping their […]
Eddie Ndichu hit the spotlight after getting married to media personality Janet Mbugua on May 30, 2015 Eddie who co-founded Wapi Pay in 2019, has worked in several organisations including Standard Chartered Bank, KCB and SBM Bank On his LinkedIn profile, he describes himself as an experienced leader in digital, mobile, payments and fintech Edward […]
National Bank of Kenya managing director Paul Russo. DIANA NGILA | NMG It is now two years since Kenya Commercial Bank started executing the bail- out takeover of the National Bank of Kenya(NBK). I recently caught up with NBK managing director Paul Russo for insights into execution of successful bank turnarounds. We must not forget […]
Mpesa shops [Courtesy] M-Pesa users who default on their Fuliza loans will have access to their funds in M-Shwari and KCB M-Pesa accounts blocked or used to settle their outstanding balances. This is according to an update to the terms and conditions that will give Safaricom the mandate to hold onto users’ funds on the […]
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