Uganda Securities Exchange (XUGA)
A crane at a skyscraper construction site, Nairobi, Kenya Source: Nirian/iStock/Getty Images Plus Kenyan banks’ exposure to real estate has led lenders to demand more collateral from customers amid worries of a property sector slump. A dozen Kenyan banks hold real estate collateral totaling $37.1 billion, according to a recent report by Egyptian investment bank […]
Kenya Airways is still reeling from the impact of Covid-19 that keeps evolving, with the degree of recovery that the aviation industry has made in 2021 now threatened by the Omicron variant . [File, Standard] Kenya Airways ’ pilots are pushing for an overhaul of the carrier’s management and board of directors, arguing that the […]
NAIROBI, Kenya Jan 5-Money market funds continued to perform better than all the other asset classes such as equities and real estate in 2021 , for the second year in a row, a new Cytonn report shows . The analysts at Cytonn attributed the good performance of the Money market funds to their higher returns […]
Kenya Airways (KQ) has started direct flights from South Sudan capital Juba to Khartoum in Sudan as it eyes Africa expansion. The national carrier said the new flight will originate from the Jomo Kenyatta International Airport (JKIA) in Nairobi flying to Khartoum via Juba and back to Nairobi every Wednesday and Sunday. The airline will […]
Photo: Shutterstock.com Plans to tie two struggling African airlines together are reportedly moving forward. South African Airways and Kenya Airways are preparing to enter a formal partnership that will see the creation of a Pan-African airline. According to One Mile At A Time , Uhuru Kenyatta, the president of Kenya, confirmed the plans during his […]
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Traders at Marikiti market, Nairobi. [Elvis Ogina, Standard] Financial sector players, including banks, Saccos, insurers and digital lenders expect a continued rebound in 2022 pegged on improving economic activities amid persisting Covid-19 infections. Kenya will in March mark two years since the pandemic struck the country. But CEOs and regulators in the financial sector say […]
For the second consecutive year, Equity Bank Rwanda has received the top award as the Bank of the Year Rwanda 2021 during the Bank of the Year Awards 2021 by The Banker. The Bank of the Year Awards celebrates the best of global banking and are regarded as the industry standard for banking excellence. The […]
Equity Centre1 Large The International Finance Corporation (IFC) is set to become Equity Bank ‘s second-largest shareholder. This is after the signing of an agreement to purchase insurance firm Britam’s stake in the lender. The institutional investor will buy 253.1 million shares of the bank from Britam at KES 55 each based on negotiations with […]
Equity Centre Equity Bank has announced that it will start charging an annual fee for all its debit cards. The said fee is KES 240. According to the lender, the new charge is basically a service fee recovered once a year and applies to all debit cards. The bank adds that the charges are recovered […]
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