East African banks remained resilient with higher Return on Equity (ROE) for the 12 months to September 30 signalling a relatively healthy performance for the regional lenders with shareholders deriving value from their investments amid the Covid-19 pandemic. FILE PHOTO | COURTESY Latest quarterly market report by analysts at AfricanFinancials Group shows that Kenyan banks […]
East African banks remained resilient with higher Return on Equity (ROE) for the 12 months to September 30 signalling a relatively healthy performance for the regional lenders with shareholders deriving value from their investments amid the Covid-19 pandemic. FILE PHOTO | COURTESY Latest quarterly market report by analysts at AfricanFinancials Group shows that Kenyan banks […]
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 […]
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