Uganda Securities Exchange (XUGA)
A GTBank branch in Nairobi, Kenya. PHOTO | FILE | NMG The International Finance Corporation (IFC) has announced it has extended a $15 million loan to Guaranty Trust Bank (Kenya) Ltd for lending to local businesses in the country, making it the third bank to secure such a facility in Kenya since the beginning of […]
DUBLIN, February 09, 2022 –( BUSINESS WIRE )–The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and […]
Can you open a bank account on your phone using a USSD code? Yes, you can! Equity Bank Uganda recently launched account opening using the USSD *247# code. Equity Bank Uganda says that this furthers its commitment to invest in the financial deepening and inclusion of the unbanked population in Uganda. Using the *247# code […]
Equity Group Managing Director and chief executive James Mwangi. PHOTO | DENNIS ONSONGO | NMG We are a trusted broker, because we know both sides and we have no interest other than in their success. We gave the Congolese the impression that this is a bank that cares, and the Kenyans that this is a […]
Cash-strapped Tuskys Supermarket will lose its first real estate asset through a public auction over a Sh650 million Equity Bank #ticker:EQTY debt, dimming chances of a revival for the once giant retailer. The five-storey commercial building, which houses the retailer’s largest store and sits at the junction of Tom Mboya Road and Accra Road in […]
KCB Group CEO Joshua Oigara. PHOTO | SALATON NJAU | NMG The High Court has cleared KCB Group to seize and auction the assets of Nairobi County over a Sh4.3 billion defaulted loan. Justice Chacha Mwita dismissed the county government’s application challenging the amount awarded by an arbitrator in November 2019. The lender moved to […]
Coca-Cola had maintained that returnable containers used in packaging its drinks should not be subject to taxes The Supreme Court has thrown out Kenya Revenue Authority’s (KRA) Sh5.6 billion case against international soft drinks manufacturer, Coca-Cola company . The five-judge bench has at the same time released a Sh2.6 billion guarantee that had been sitting […]
KEY POINTS The top loser of the day was Sameer Africa shed off 6.51 percent at the price of 2.44 shillings per share followed by TPS Eastern Africa (Serena) with a loss of 6.15 percent at the price of 12.20 shillings per share. Top Gainers The top gainer of the day at the Nairobi Securities […]
East African Breweries Limited Managing Director Jane Karuku. PHOTO | JEFF ANGOTE | NATION MEDIA GROUP The brewer attributed the 23 percent growth to investment behind brands and innovation in the route to market in response to consumer behaviour shifts. EABL has also reported a 51 percent increase in physical asset acquisition in support of […]
Kenya’s Energy sector is largely to blame for greenhouse gas emissions The major shift is now being witnessed with most of the industries investing in clean energy The Bamburi Cement power project is expected to take off within this year The Kenyan energy sector is grappling with transiting to clean power as the country cannot […]
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