StanChart says that Kenya has foreign exchange reserves above $8 billion. FILE PHOTO | NMG By VICTOR JUMA More by this Author Summary The bank says its digital transformation strategy that started in 2016 has necessitated a restructuring of its workforce, leading to elimination of some roles. Jobs will be cut across management and unionisable […]
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Standard Chartered loss provision triple, profits drop 31%
The Standard chartered bank on Kenyatta avenue. Photo/Monicah Mwangi Standard Chartered Bank Kenya’s loan loss provision more than tripled in nine months ended September 30 to cover for customers struggling to repay credit as coronavirus muzzle economy. According to the lender’s financial results issued Thursday, loan loss cover rose to Sh2.7 billion in the quarter […]
Standard Chartered nine months profit falls by 31 per cent
The significant profit decline is attributable to higher costs of covering potential loan defaults by customers (loan-loss provisions) and falling operating income. The bank’s total operating costs surged by 4.7 per cent to Ksh.17.7 billion as loan-loss provisions grew three fold to Ksh.2.7 billion from Ksh.728.2 million last year. The lender has nevertheless termed the […]
Kenya: Standard Chartered Bank Partners With Kipkeino Foundation to Offer Athletes Relief
Nairobi — Standard Chartered Bank on Wednesday announced a partnership with Kipchoge Keino Foundation to offer relief to athletes experiencing hardship due to the COVID-19 pandemic. The partnership that will cost KShs 15 million over the next one year will also offer a financial literacy program that will seek to equip young and upcoming athletes […]
Standard Chartered Bank partners with KipKeino Foundation to offer athletes relief
NAIROBI, Kenya, Oct 28 – Standard Chartered Bank on Wednesday announced a partnership with Kipchoge Keino Foundation to offer relief to athletes experiencing hardship due to the COVID-19 pandemic. The partnership that will cost KShs 15 million over the next one year will also offer a financial literacy program that will seek to equip young […]
Stanchart has partnered with KipKeino Foundation to offer relief to Athletes
Standard Chartered Bank has partnered with Kipchoge Keino Foundation to offer relief to athletes experiencing hardship due to the Coronavirus pandemic. The one-year partnership will initially target 500 athletes from Uasin Gishu, Embu, Kericho, Kisii, Narok, Kajiado and Nyandarua Counties, who will be identified as vulnerable and adversely affected by the Coronavirus pandemic. The initiative […]
Kenyan Women-led Tech businesses to reap from US$46,000 (Ksh 5M) fund
Share Share on Pinterest Share on Facebook Share on Twitter Strathmore University has partnered with Standard Chartered Bank Kenya to launch the fourth cohort of the 2020 Women In Tech programme. 5 of the top emergent women-led businesses will qualify for the Ksh 5 million prize to bolster and revamp their business models. Strathmore University […]
KRA Appoints Rispah Simiyu to the Commissioner of Taxes Position
NAIROBI, Kenya, Oct 8 – The Kenya Revenue Authority (KRA) has announced the appointment of Rispah Simiyu as the new Commissioner for Domestic Taxes. The new commissioner currently serves as the KRA Deputy Commissioner in charge of the Tax Dispute Resolution docket. According to the Authority’s Chair Francis Muthaura, Simiyu will be assuming her new […]
Women-Led Kenyan SMEs Getting Kshs 5 Million
business woman Kenya Women Led Businesses to benefit from KSH 5M set aside for Cohort Four of the Women in Tech Incubator by Standard Chartered and Strathmore University. The Search for Women-led businesses is back! @iBizAfrica-Strathmore University in Partnership with Standard Chartered Bank Kenya is excited to Launch the IV Cohort of the Women in […]
Rispah Simiyu appointed new KRA Commissioner for domestic taxes
Rispah Simiyu. PHOTO | COURTESY The Kenya Revenue Authority (KRA) has appointed Rispah Simiyu as the new Commissioner for Domestic Taxes. Mrs Simiyu is currently serving as the KRA Deputy Commissioner in charge of the Tax Dispute Resolution docket. She is expected to take up her new role from October 22, 2020 following a competitive […]