(From Left) Paul Njoki – Head of Wealth Management SCB, Edith Chumba – Head Consumer, Private and Business Banking SCB, Mark Mulatya – Chief Operating Officer at Sanlam Investments East Africa Limited and Gaurang Chavda – Head Unit Trust Distribution at Sanlam Investments East Africa Limited take a photo during the launch of the SC […]
Absa Bank Kenya #ticker:ABSA has joined small lenders to offer the cheapest personal loans, breaking ranks with other big banks that have continued to issue relatively expensive credit facilities. An Absa customer taking a Sh1 million, one-year personal unsecured loan today will incur a total credit cost of Sh71,807. That is the same as the […]
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 […]
stanchart sc shilingi fund Lender Standard Chartered Bank Kenya has released SC Shilingi Funds. According to the bank, this is a a low-ticket money markets fund proposition. The project has been completed by Stanchart alongside Sanlam Investments East Africa Ltd (Sanlam). SC Shilingi funds is now baked into the SC Mobile app. Interested customers can […]
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 […]
An Airtel shop in Nairobi. Photo/Business Daily Kenya’s second-largest telco Airtel Kenya is broke and surviving on a series of shareholder loans from its parent company Bharti Airtel Kenya BV. According to the firm’s latest financial filings, loans from its holding firm, most of which it is unable to service, increased to Sh. 52.2 billion […]
National Bank of Kenya (NBK) #ticker:NBK is set to be delisted from the Nairobi Securities Exchange on Thursday following its acquisition by KCB Group #ticker:KCB through a share swap. NBK’s shares had already been suspended from trading ahead of the transaction, with the delisting marking the lender’s formal exit from the bourse which will now […]
NAIROBI, Kenya, Dec 1 – Standard Chartered Bank has been feted at the CIO Africa 100 Awards with the bank emerging winner in the Banking Sector Award category. The bank was recognized for its exemplary performance in the sector with a highlight on its digital innovation and leadership which included creating competitive advantage in the […]
National Bank of Kenya (NBK) is set to be delisted from the Nairobi Securities Exchange on Thursday following its acquisition by KCB Group through a share swap. NBK’s shares had already been suspended from trading ahead of the transaction, with the delisting marking the lender’s formal exit from the bourse which will now be left […]
The number of corporates dishing out dividends to shareholders for the year ending December has risen, pointing to improved profits and a bright economic outlook. The Nairobi Securities Exchange (NSE) on Friday joined a growing list of firms that paid or declared interim dividends for investors. The NSE board announced a surprise special dividend of […]
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