StanChart staff costs hit six-year low on exits and retrenchments

StanChart staff costs hit six-year low on exits and retrenchments

Standard Chartered Bank Kenya CEO Kariuki Ngari (left) and Chief Financial Officer Chemutai Murgor during the announcement of full-year 2021 results Standard Chartered (StanChart) Bank of Kenya’s staff costs have fallen to the lowest level in six years after shedding over 800 jobs since 2014. Latest disclosures by the bank show that staff costs dropped […]

StanChart Kenya's profit soars, oil price surge clouds outlook

StanChart Kenya’s profit soars, oil price surge clouds outlook

A pre-colonial era monument stands along Kenyatta Avenue in front the Standard Chartered Bank in Kenya’s capital Nairobi, file. . REUTERS/Noor Khamis/File Photo NAIROBI, March 14 (Reuters) – Standard Chartered Bank Kenya said on Monday its pretax profit soared 70% last year to a five-year high but surging energy prices because of Russia’s invasion of […]

Stanchart partners with Sanlam to launch SC Shilingi Money Market Fund

Stanchart partners with Sanlam to launch SC Shilingi Money Market Fund

Standard Chartered Bank Kenya (Stanchart) has partnered with Sanlam Investments East Africa Ltd (Sanlam) and Mangosteen BCC Pte Ltd (Bambu) to launch SC Shilingi funds. This is a low-ticket money markets fund proposition for Standard Chartered Bank clientele. The 100% digital investment product available on the SC Mobile app allows clients to investment amounts of […]

StanChart eyes a share of Kenya’s rising e-commerce

Standard Chartered Plc #ticker:SCBK is set to enter the local e-commerce business through Solv, an India-based technology firm in which it invested in December 2020. The multinational’s local subsidiary, Standard Chartered Bank Kenya, is expected to be the financial partner of the platform which offers small businesses an online marketplace, credit, and support services. “Expansion […]

NSE faces uphill task wooing back and retaining investors

NSE faces uphill task wooing back and retaining investors

Whenever government-issued infrastructure bonds come up for auction, they spur investor participation owing to their good returns and tax-free nature. Investors at the NSE, however are less active until the Kenya general election takes place in August. PHOTO | FILE The EastAfrican has learnt that NSE’s desertion has also been compounded by shrinking household incomes […]