Top Kenyan banks have turned to international institution to firm up their armory to support small and medium enterprises as well as bolster their capital basis. According to analysis of listed banks half year disclosures by the Cytonn Financial Services Research team, the top banks have raised nearly Ksh.100 billion for the exercise. The bulk […]
Left to right: Equity Bank CEO James Mwangi, Jennifer Riria from Kenya Women Microfinance Bank and KCB CEO Joshua Oigara. Five Kenyan banking Chief Executive Officers have emerged among the best leaders in the sector across Africa after successfully guiding their establishments through the murky world of Covid-19 pandemic. Reputation Poll International LLC, on Saturday, […]
Travellers intending to connect to DRC’s Eastern capital Goma can now fly aboard a cheap airline, Jambojet seeking expansion in the vast mineral rich central African country. Jambojet, a subsidiary of the national carrier Kenya Airways, made the inaugural flight on Friday, becoming the first airline to directly connect the capital of North Kivu province […]
A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG Foreign investors at the Nairobi Securities Exchange (NSE) recorded net inflows of Sh242.3 million last week, reversing the previous week’s net outflows of Sh208.5 million as they bulked up on Safaricom and large banks’ shares. Their buying activity, combined with higher participation […]
Jambojet Friday launched maiden flights to Goma, the capital city of the North Kivu province in the eastern Democratic Republic of Congo(DRC), as it seeks to penetrate the central Africa region./COURTESY NAIROBI, Kenya, Sept 11 – Jambojet Friday launched maiden flights to Goma, the capital city of the North Kivu province in the eastern Democratic […]
(Bloomberg) — Kenya’s biggest bank by assets is in talks to acquire a lender in the Democratic Republic of Congo, the vast mineral-endowed central African country. “We’re engaging with two institutions today that are in Congo,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview on Thursday. The bank will settle on […]
Foreign investors in August turned net buyers for the first time since January at the Nairobi Securities Exchange (NSE), indicating increased confidence in blue chips such as Safaricom and selected tier one banking stocks that have reported higher profits. NSE data shows that net foreign inflows stood at Sh1.72 billion in the month, the first […]
Budget airline Jambojet has launched flights to Goma in the eastern Democratic Republic of Congo, as it seeks expansion in the vast central African country. Jambojet, a subsidiary of the national carrier Kenya Airways, made the inaugural flight on Friday, becoming the first airline to directly connect the capital of North Kivu province and Nairobi. […]
NAIROBI, Kenya, Sep 10 -Kenya Commercial Bank (KCB) has partnered with the Kenya National Chamber of Commerce and Industries (KNCCI) Mombasa Chapter to accelerate the provision of credit to enterprises. The new partnership will see that the micro, small, and medium-sized enterprises (MSMEs) enjoy financial and non-financial solutions to help the business recover from the […]
The Kenya Commercial Bank Group net profit for the first six months grew by 102% to Ksh. 15.3 Billion up from Ksh. 7.6 Billion for a similar period last year. The rise in profitability was on the back of a rise in the total operating income to Ksh. 51.2 Billion up from Ksh. 45 Billion […]
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