Every business needs loyal customers, keeping customers is hard but acquiring new customers is more expensive. Kenyans are a fickle lot and as a marketer, you need to keep thinking about how to win their loyalty. This, however, is not insurmountable when you understand Kenyans’ love for freebies. So once in a while brands will […]
Dublin, Feb. 15, 2022 (GLOBE NEWSWIRE) — The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and […]
The decline of big names such as Uchumi, Kenya Airways, East African Cables, East African Portland Cement and Mumias Sugar was the first sign of struggle in corporate Kenya. [File, Standard] An increase in the number of financially crippled corporates is the new headache for banks, with some lenders in court battles to recover billions […]
Dismissing an application to lift the orders stopping Sarrai Group Ltd from beginning to revive the debt-ridden Mumias, Justice Wilfrida Okwany said the case by five shareholders-cum-farmers was urgent “and worthy of the orders to protect the subject matter”. The extension of the orders rattled the Kakamega County Government prompting Senior Counsel James Orengo to […]
Businesswoman Mary Wambui Mungai has denied claims by Kenya Revenue Authority (KRA) that eight of her accounts targeted for freezing over unpaid taxes are holding a total of Sh2.5 billion. Ms Mungai and her daughter Purity Njoki were charged together with tax evasion in December together with their company Purma Holdings ltd. They were released […]
DUBLIN, February 09, 2022 –( BUSINESS WIRE )–The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and […]
KCB Group CEO Joshua Oigara. PHOTO | SALATON NJAU | NMG The High Court has cleared KCB Group to seize and auction the assets of Nairobi County over a Sh4.3 billion defaulted loan. Justice Chacha Mwita dismissed the county government’s application challenging the amount awarded by an arbitrator in November 2019. The lender moved to […]
KEY POINTS The top loser of the day was Sameer Africa shed off 6.51 percent at the price of 2.44 shillings per share followed by TPS Eastern Africa (Serena) with a loss of 6.15 percent at the price of 12.20 shillings per share. Top Gainers The top gainer of the day at the Nairobi Securities […]
KEY POINTS The market is currently trading at a price-to-earnings ratio (P/E) of 11.4x, 11.6 percent below the historical average of 12.9x, and a dividend yield of 3.5 percent, 0.5 percentage points below the historical average of 4.0 percent. During the week, the equities market recorded mixed performance, with NASI gaining by 0.6 percent, while […]
The turnover recorded was more than two folds improvement from last month’s 5.51bn/- turnover and January 2021 turnover of 6.72bn/- According to statistics from DSE, both market Indices closed the month on the positive side with the All-Share Index (DSEI) gaining 22.08 points and closing with 1,918.79 points while While the Tanzania Share Index (TSI) […]
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