The Bank of Queensland Ltd (ASX: BOQ) share price is up 0.1% in early afternoon trading, at $9.74 per share. That’s a bit better than the 0.39% loss posted by the S&P/ASX 200 Index (ASX: XJO) at this same time. With intraday moves factored in, the bank’s shares are up 4.9% since the start of […]
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 […]
BizTalk with Bill Roy · Biztalk – With – Bill – Roy – Podcast – 227 Equity Bank’s Brad Elliott says it was 2004 when he first approached American State Bank & Trust Co. about a partnership. It took some time, but 17 years later, the two banks closed Friday on a merger that put […]
Monthly bonds turnover on the Nairobi Securities Exchange (NSE) hit an all-time high of Sh118.1 billion in September on the back of a liquid market and demand for infrastructure bonds, while equities remained subdued as blue-chip share prices retreated. The previous high in bonds turnover for a single month was the Sh106.9 billion that was […]
Monthly bonds turnover on the Nairobi Securities Exchange (NSE) hit an all-time high of Sh118.1 billion in September on the back of a liquid market and demand for infrastructure bonds, while equities remained subdued as blue-chip share prices retreated. The previous high in bonds turnover for a single month was the Sh106.9 billion that was […]
Foreign investors made net sales on the Safaricom #ticker:SCOM and EABL #ticker:EABL stocks at the Nairobi Securities Exchange (NSE) last week, pulling down the share prices of these stocks as well as the bourse’s market capitalisation. The net outflows on the foreign desk — which accounted for 45.5 percent of total market turnover — stood […]
Nairobi — Brand valuation consultancy firm, Brand Finance has reported an 8 percent decline in the value of Kenyan brands featured in the Brand Finance Africa 150 2021 ranking with total firms accumulating a total brand value of USD1.4 billion, up from USD 1.5 billion recorded in 2020. The firm ranks over 5000 of the […]
KCB bank [File/Photo] The Kenya Commercial Bank (KCB) has revealed that it was the victim of a Sh2 billion fraud attempt on its banking system in 2020, at the height of the Covid-19 pandemic. The bank made public the incident on Thursday through its sustainability report which put the number of prevented cyberattacks at 3,624 […]
Nairobi — Brand valuation consultancy firm, Brand Finance has reported an 8 percent decline in the value of Kenyan brands featured in the Brand Finance Africa 150 2021 ranking with total firms accumulating a total brand value of USD1.4 billion, up from USD 1.5 billion recorded in 2020. The firm ranks over 5000 of the […]
A Chinese construction company has been ordered to hand over 10 housing units at Fourways Junction Kiambu to Equity Bank to settle a debt owed by the owners of the project. High Court Justice David Majanja directed China Wu-Yi Limited to surrender the houses located at Hibiscus Villas and Tulip Apartments to Equity. Muga Developers […]
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