Purshottam Developers partners with Stanbic Bank in mortgage financing deal

Purshottam Developers partners with Stanbic Bank in mortgage financing deal

NAIROBI, Kenya April 21-Property developer Purshottam Developers, and Stanbic Bank Kenya have entered a structured mortgage finance partnership that will enable customers to own homes in Ruaka at an affordable cost. As part of the deal, Kenyans will be able to acquire the apartments with a standard minimal deposit and subsidized mortgage loan interest at […]

CRB listing freeze to delay risk based loan pricing - bankers

CRB listing freeze to delay risk based loan pricing – bankers

KBA chief executive Habil Olaka /FILE The Credit Reference Bureau (CRB) listing freeze on new loan defaulters of sums below Sh5 million could hinder the implementation of risk-based lending, bankers have said. The Kenya Bankers Association (KBA) chief executive Habil Olaka said this in a commentary supporting the new credit pricing model favoured by industry […]

KCB, USAid sign Sh100m funding for livestock farmers

KCB, USAid sign Sh100m funding for livestock farmers

Livestock farmers in Kenya’s arid and semi-arid lands (Asals) will receive training and financing from KCB Foundation following its partnership with USAID. FILE PHOTO | NMG Livestock farmers in Kenya’s arid and semi-arid lands (Asals) will receive training and financing from KCB Foundation following its partnership with the United States Agency for International Development’s Kenya […]

State's dividend earnings from listed companies fall by Sh27b

State’s dividend earnings from listed companies fall by Sh27b

An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. (NSE), in Nairobi, Kenya, on Tuesday, December 8, 2015. [Riccardo Gangale, Bloomberg] The government’s income from profits and dividends in listed companies fell to Sh45 billion in the 2020/2021 financial year , a 37 per cent drop […]

Kenya: I&M Holdings Ranked as the Most Attractive Listed Bank

Kenya: I&M Holdings Ranked as the Most Attractive Listed Bank

Nairobi — I&M Holdings has been listed as the most attractive bank in Kenya in the Cytonn FY’2021 Banking Sector Report, supported by a strong franchise value and intrinsic value score. The franchise score measures the broad and comprehensive business strength of a bank across 13 different metrics, while the intrinsic score measures the investment […]