Mr. Gichinga is Chief Economist at Mentoria Economics By Ken Gichinga As the prospects of an economic recovery begin to take shape, there is a deep desire among Kenyans to rebuild wealth in the new economy. For many, there is a great need to diversify beyond the traditional assets and venture into new areas. Most […]
Kenya Airways CEO Allan Kilavuka (File, Standard) NAIROBI, KENYA: The Kenya Airways has made Sh36.6 billion after tax loss for the financial year ending December 2020 compared to Sh12.9 billion loss in 2019. The loss is attributed to the impact of Covid-19 pandemic. The loss exceeds the amount of money allocated to six counties combined […]
KCB Group will provide an additional capital injection of Sh3 billion to National Bank of Kenya (NBK) in the coming days, with the cash going to help the subsidiary comply with minimum capital requirements. NBK has continued to breach statutory capital levels despite receiving the initial capital support of Sh5 billion from KCB in December […]
KCB chief executive Joshua Oigara on March 2. Photo/Enos Teche. KCB Group Plc net profit for the year ended December 2020 shrunk 22 per cent to Sh19.6 billion from Sh25.2 billion a year earlier on high Covid-19 loan loss provision. Announcing the lender’s results late Wednesday, KCB Group MD Joshua Oigara said the pandemic significantly […]
National Bank of Kenya has reported a Ksh. 177 Million profit after tax for the year ended December 31, 2020. This represents a 167% growth from the previous year when the bank reported a loss. This rise in profitability was driven by driven by an increase in loan volumes and lower operating costs. interest income […]
NBK Managing Director Paul Russo National Bank of Kenya (NBK) has posted Sh177 million in profit after tax for the year ending December 31, 2020. This represents a 167 per cent growth from the previous year, driven by an increase in loan volumes and lower operating costs, even as the Bank battled the impact of […]
KCB Group’s subsidiary- the National Bank of Kenya (NBK) has rallied back into profitability for the full year period ending in December 2020 as its business turnaround continues. The lender acquired by KCB in 2019 has posted a Ksh.177.7 million profit in the period reversing a Ksh.337 billion loss booked a year earlier. The improved […]
KCB Group #ticker:KCB will provide an additional capital injection of Sh3 billion to National Bank of Kenya (NBK) in the coming days, with the cash going to help the subsidiary comply with minimum capital requirements. NBK has continued to breach statutory capital levels despite receiving the initial capital support of Sh5 billion from KCB in […]
As the prospects of an economic recovery begin to take shape, there is a deep desire among Kenyans to rebuild wealth in the new economy. For many, there is a great need to diversify beyond the traditional assets and venture into new areas. Most Kenyans will fondly remember with great nostalgia Safaricom’s Initial Public Offer […]
As the prospects of an economic recovery begin to take shape, there is a deep desire among Kenyans to rebuild wealth in the new economy. For many, there is a great need to diversify beyond the traditional assets and venture into new areas. Most Kenyans will fondly remember with great nostalgia Safaricom’s Initial Public Offer […]
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