Uganda Securities Exchange (XUGA)
Traditional dividend payers such as KCB, Equity, Co-operative Bank of Kenya and NCBA are all promising to distribute part of the profits to shareholders. Banks needed just seven months this year to earn the profits they made the whole of last year, new data shows. And now they are promising shareholders bumper dividends as the […]
Banks build capital, see investors favor others – study 1 NEW YORK (Reuters) – The global banking industry built up capital and showed its stability during the pandemic but its return on equity plunged and it has lost favor with investors to industries with more attractive growth prospects, according to a new study. “Banks withstood […]
KCB Group has cancelled its plan to acquire a Tanzanian lender from London-listed Atlas Mara Limited, citing regulatory hurdles. KCB in late November 2020 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 has a […]
Accusations in Parliament that Equity Group #ticker:EQTY was A tribal bank given its heavy presence in Nairobi and central Kenya triggered the lender’s expansion across the country. The bank kicked off an aggressive expansion targeting Rift Valley, western Kenya and Nyanza hinged on its model of focusing on the poor and bottom end of the […]
NAIROBI, Kenya Dec 2 – The Capital Markets Authority (CMA) has approved the issuance of an Sh3.9 billion corporate bond for Urban Housing Renewal Development Limited in an effort meant to facilitate affordable housing. The bond would be issued through the Medium-Term Note Programme to support a housing project in Pangani, Nairobi meant to comprise […]
Coop Bank Group managing director Gideon Muriuki at a past event. Assets of banks operating in Kenya grew by half a trillion shillings in three months from June to September 30. According to Central Bank of Kenya’s third quarter Commercial Bank Credit Officer Survey covering 39 banks, aggregate balance sheet increased by 2.5 per cent […]
KCB Group CEO Joshua Oigara (right) Chairman Andrew Kairu (centre) and Group CFO Lawrence Kimathi during the release of the full-year result. PHOTO | POOL KCB Group has cancelled its plan to acquire a Tanzanian lender from London-listed Atlas Mara Limited, citing regulatory hurdles. K CB in late November 2020 announced that it would acquire […]
Kenya Airways (KQ) #ticker:KQ employees led by the pilots union have demanded the reinstatement of their salaries to 100 percent in the latest staff standoff at a time the airline has started recovering from the Covid-19 disruptions. In a memo addressed to KQ’s chief people officer Evelyne Munyoki, Kenya Airline Pilots Association (Kalpa) wants the […]
Stanbic Bank has announced the launch of one of the largest banking loyalty programmes in the country to date. The PlusRewards programme, which will be launched today, is aimed at supporting and enabling economic growth by providing Stanbic Bank merchants with a loyalty mechanism to drive customer engagement and ultimately additional sales. Head, client solutions, […]
The Covid-19 pandemic has largely been framed as a public health crisis, over one and a half years since it hit Kenya. However, its economic impact has been severe and widespread. The effects have been felt across the economy, significantly afflicting all sectors and households. In all this, irrespective of industries, the Micro, Small and […]
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