Athletes warming up before a 2.5km race during the launch of the 18th edition of the Standard Chartered Bank Nairobi Marathon in July. The build up to the 18th edition of the Standard Chartered Nairobi Marathon set for this Sunday in Nairobi has started off with virtual run being held across the country and beyond. […]
East African Cables products./ East African Cables is insolvent with current liabilities exceeding current assets by Sh426 million, the latest audit report by KPMG has revealed. According to the report, it owes several banks money running into billions and has been struggling with declining sales since 2013. The company’s books show that it had overdue […]
The Nairobi Securities Exchange All-Share Index is set to halt a five-month winning streak in September after investors’ sentiments soured due to China Evergrande Group ’s crisis, and a local rally driven by growth in corporate earnings motivated investors to take out gains. So far this month investors on the bourse have lost 2.5% after […]
The Nairobi Securities Exchange All-Share Index is set to halt a five-month winning streak in September after investors’ sentiments soured due to China Evergrande Group ’s crisis, and a local rally driven by growth in corporate earnings motivated investors to take out gains. So far this month investors on the bourse have lost 2.5% after […]
Kenya’s top nine listed banks slashed their provisions for loan defaults by a third in six months to June, defying Covid-19 hardships to raise their combined net earnings 72.5 percent to Sh66.5 billion. KCB #ticker:KCB, Equity #ticker:EQTY, Co-op Bank #ticker:COOP, I&M #ticker:I&M, Absa Bank Kenya #ticker:ABSA, NCBA #ticker:NCBA, Standard Chartered Bank Kenya #ticker:SCBK, DTB #ticker:DTK, […]
I&M Branch in Nyeri. FILE PHOTO | NMG I&M Group #ticker:I&M is broadening its wealth management services to include local and foreign investment products in a strategy that seeks to grow the lender’s non-interest income. The move is part of a growing trend among banks to offer companies and high-net-worth clients more services beyond the […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL Foreign investors propped up the rebounding performance of the Nairobi Securities Exchange (NSE) by buying stocks worth Ksh.1.7 billion last month. According to data from Cytonn Research, this represented the second straight month of positive flows into the market after a narrow Ksh.154 […]
Every year on August 26, the world marks the Women’s Equality Day — a day that was designated by the US Congress in 1971 to commemorate the 1920 passage of the 19th Amendment to the US Constitution, granting women the right to vote. Half a century on, the Women’s Equality Day is calling attention to […]
Standard Chartered Bank Kenya has announced that it has registered an improved profit after tax of Ksh. 4.8 billion for the half year ended 30th June 2021. This represents a 51% increase from the Ksh. 3.2 billion the bank posted in the previous period. During the period total operating income increased by 2% to Ksh. […]
NCBA Group managing director John Gachora during an investor briefing of the half-year to June results on August 30, 2021. PHOTO | DIANA NGILA | NMG NCBA Group’s net earnings rose 76.9 percent in the half year ended June on increased income from lending and transactions. The bank made a net profit of Sh4.6 billion […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.