Zamara Group Group Chief Executive Officer Sundeep Raichura speaks at Panafric Hotel in Nairobi on October 18, 2018, during the Kenya Pension Fund Investment Consortium. PHOTO | SALATON NJAU | NMG Pension fund returns rose by five percentage points in 2021 on improved performance of equities and offshore investments, signalling higher interest earnings for savers. […]
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Foreign investors at the Nairobi Securities Exchange (NSE) slowed down their selling activity in January compared to the previous four months which were characterised by profit-taking on blue chip stocks. NSE […]
Kenya Commercial Bank branch in Gikomba Market in Nairobi on Thursday, November 12, 2020. PHOTO | DENNIS ONSONGO | NMG The Treasury has been asked to release funds for settling a Sh6.7 billion KCB loan which was used to purchase subsidised fertiliser. The State Department for Crop Development and Agricultural Research told Parliament last week […]
HMG Global Business Manager Mark Misumi and a model during the launch of Nokia 2.3 in Kenya. PHOTO | COURTESY HMD Global, the maker of Nokia-branded smartphones is targeting businesses for device financing to help increase adoption of its phone and grow its markets share. The Finnish mobile phone manufacturer said it will work with […]
The Bank of Uganda Executive Director of the Bank Supervision, Tumubweine Twinemanzi has said that banks ought to digital banking solutions or else their customer base will remain law. "The biggest percentage at 75% of our population is below the age of 35. These want 24/7 access to the services you have. They want user […]
Zamara Group Group Chief Executive Officer Sundeep Raichura speaks at Panafric Hotel in Nairobi on October 18, 2018, during the Kenya Pension Fund Investment Consortium. PHOTO | SALATON NJAU | NMG Pension fund returns rose by five percentage points in 2021 on improved performance of equities and offshore investments, signalling higher interest earnings for savers. […]
In a ruling made on Tuesday evening, the judge said interim orders will stay in place until March 14, when the matter comes up for hearing/FILE NAIROBI, Kenya, Jan 26 – The High Court has extended orders barring Ugandan company, Sarrai Group, from taking over operations of Mumias Sugar Company pending the determination of the […]
Kenya Commercial Bank branch in Gikomba Market in Nairobi on Thursday, November 12, 2020. PHOTO | DENNIS ONSONGO | NMG KCB Bank has set up a Sh800 million fund to finance revival of small businesses and cooperatives in Nakuru County hit by the Covid-19 pandemic. The kitty set up in partnership with the Nakuru County […]
Dar es Salaam. The year 2021 was generally good to a number of mid-sized lenders as available data show that some of them exhibited resilience and steady growths across a number of performance parameters in 2021 as the sector partially recovers from the Covid-19 pandemic. This group includes lenders with asset levels ranging from slightly […]
A customer is served at the Kenya Commercial Bank (KCB) in Nairobi on January 24, 2018. PHOTO | SIMON MAINA | AFP Banks earned a cumulative Sh178.8 billion in the 11 months to November, setting them up for record profits for the year as they cut provisioning for bad loans as the economy continues to […]
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