Equity Bank has been ranked as the most stable lender in Kenya both in terms of revenue and asset growth by the prestigious Africa Business Magazine. The ranking based on the 2020 end year financial results acknowledged the lender’s asset growth which hit over Sh1 trillion, becoming the first bank to reach such margins in […]
Stocks listed on the Nairobi Securities Exchange (NSE) lost Sh80.02 billion of their value yesterday as foreigner sold off shares in blue-chip firms over the new lockdown, making it one of single-largest drops in a day in the bourse’s history. The market capitalisation closed at Sh2.47 trillion compared to Sh2.55 trillion on Friday, with Safaricom […]
FOLLOWING the recent passing of the former President of Tanzania, the late John Magufuli, 22nd March and 26th March 2021 were national funeral and burial days, in Dodoma and in Chato, Geita, respectively. Orbit Securities Co. Limited joins the capital markets, the financial sector and the whole nation in mourning of our fallen hero. May […]
Stockbrokers at work at DSE. PHOTO|FILE Dar es Salaam . The value of the listed equities, also known as market capitalization, increased by Sh105.22 billion on Tuesday after companies cross-listed from Kenya appreciated. According to the market report, the Dar es Salaam Stock Exchange (DSE) total market capitalization reached Sh15.33 trillion from Sh15.23 trillion recorded […]
Nairobi Securities Exchange (NSE) stocks posted the largest weekly loss since the start of the year as investors reacted to fresh lockdown and longer curfew hours introduced to stem the spread of Covid-19 infections. The market capitalisation reduced by Sh89.38 billion, closing Thursday trading at Sh2.468 trillion as Safaricom #ticker:SCOM, East Africa Breweries Limited #ticker:EABL […]
THE Dar es Salaam Stock Exchange (DSE) total equity market turnover has slightly dropped by almost 2.0 per cent in March in comparison to the previous month of February. The bourse a monthly report issued Monday, which covered activities to last Friday, showed that the March equity turnover dropped to 6.48bn/- from 6.60bn/- from February. […]
Banks have now enlisted their lobby, the Kenya Bankers Association (KBA) to push the sector regulator to approve the loan pricing models that are supposed to guide them in lending following the removal of rate cap. The Central Bank of Kenya (CBK) had asked banks to submit new loan pricing formulas that would be the […]
NAIROBI, Kenya, Apr 1 – Equity Insurance Agency has posted a Sh600 million gross profit in the financial year ending December 31, 2020 leading in profit before tax as compared to other market leaders. The insurers performance in the review period is proof of its resilience and stability despite a challenging operating environment as dictated […]
•The Bank bagged six awards which were; Winner Best in Kenya, Best Bank Category and Best among the Listed Companies. •The bank also emerged the first runners-up Corporate Governance Category and second runners-up Integrated Reporting Category. KCB chief executive Joshua Oigara on March 2. Photo/Enos Teche. KCB Bank Kenya has been named the overall winner […]
•It reported 12% drop in net earnings for the year ended December 31, 2020 •The lender trounced KCB to become biggest in Kenya in terms of asset value and first in the region to cross Sh1 trillion mark Equity Bank Group’s move to hold dividends for the second year running on lower profits saw its […]
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