The number of corporates dishing out dividends to shareholders for the year ending December has risen, pointing to improved profits and a bright economic outlook. The Nairobi Securities Exchange (NSE) on Friday joined a growing list of firms that paid or declared interim dividends for investors. The NSE board announced a surprise special dividend of […]
Tag: XUGA
Uganda Securities Exchange (XUGA)
Fuliza, KCB Bank, Britam Insurance Among Top Preferred Brands in Kenya
Safaricom’s Fuliza credit facility , KCB Bank and Britam Insurance are among the top preferred brands in Kenya in the third quarter of 2021. This is according to Ajua’s quarter 3 customer loyalty benchmark report. Ajua describes itself as Africa’s first Integrated Customer Experience company for businesses on the continent. The report, which is available […]
Equity Bank named among Africa’s Most Valuable Brands in 2021 Brand Finance Report
Equity Bank has been featured in the Africa’s Most Valuable Brands ranking conducted by the Brand Finance Report 2021. Equity’s value jumped 8.3% compared to last year, to be valued at Ksh. 22.7 billion (USD 202 million) in 2021. The Bank is also the most valued bank by market capitalization listed on the Nairobi Stock […]
Fuliza Among the Most Preferred Credit Facilities in Kenya
Ajua team in a past event. Admittedly, not all brands are equal in terms of success, customer reach, and how customers/clients relate to them. For instance, some businesses are more intentional about making sure that their customers have a better experience with them. According to a report published by Ajua for Quarter 3 Customer Loyalty […]
KCB acquisition of Tanzanian bank flops
KCB Group #ticker:KCB has cancelled its plan to acquire a Tanzanian lender from London-listed Atlas Mara Limited, citing regulatory hurdles. KCB in late November last year announced that it would acquire 62.06 percent stake in Banque Populaire Du Rwanda (BPR) and 100 percent stake in African Banking Corporation Tanzania Limited (BancABC). The lender, which already […]
Current account widens on higher importation bill
Central Bank of Kenya Governor Patrick Njoroge. PHOTO | SALATON NJAU | NMG Kenya’s current account deficit widened to 5.4 percent of GDP in the year to October from 4.8 percent a year earlier on the back of a bigger oil and industrial goods import bill. The year-on-year expansion of the deficit is also attributed […]
Kenya: Court Decision Gives Hope for Mumias Sugar Company Survival
Appointment of a receiver-manager often heralds the last rites of a dying company. Such appointments are akin to a kiss of death as very few if any have managed a turn-around. As noted by Justice Alfred Mabeya recently, "receivership was a selfish, and destructive affair that was only self-centred concerned with the heavy remuneration of […]
NSSF innovation strengthens social support to Kenyans
NSSF using technology to improve the delivery of services to retired citizens in Kenya Nairobi, Kenya | THE INDEPENDENT | The events of the past eighteen months have cast a spotlight on the ability of states to support vulnerable citizens during times of crisis. In Kenya, the official state agency responsible for social security chose […]
KQ boss Allan Kilavuka: Pilots to wait longer for full salaries
Kenya Airways Chief Executive Officer Allan Kilavuka. [File, Standard] Kenya Airways’ chief executive officer Allan Kilavuka says the airline is currently not in a position to revert pilots’ salaries to 100 percent because the sector is still recovering from the shock wrought by Covid-19. The KQ chief, who spoke on Spice FM on Thursday, December […]
As Equity tops industry, will KCB roar back into the lead?
Equity Group Managing Director & CEO Dr. James Mwangi [Wilberforce Okwiri, Standard] Equity Group founder Peter Munga knows well what to do in the face of failure: look for people to rescue the vision. But for KCB Bank, hitting rock bottom has not been part of its story. Since 1896, when it started its operations […]