Central Bank of Kenya. FILE PHOTO | NMG Mortgage loans disbursed by financial institutions dropped by Sh5 billion last year as customers rattled by the Covid-19 economic fallout adopted a cautious stance. Outstanding mortgage loans were reported at Sh232.7 billion in the 12 months to December, compared to Sh237.7 billion in a similar period to […]
Stock Market Despite the weakening of prices of the giant cross-listed counters, the bull charging on the domestic counters was enough to lift both indices to close at the green during the week that ended on 21st May 2021. There were no block transactions during the week while zero activities were seen on TBL and […]
KCB Group #ticker:KCB has been barred from selling any movable assets of indebted Mumias Sugar amid creditors’ fears that the lender look set to dispose of some properties to recover Sh545 million loan Justice Alfred Mabeya restrained KCB receiver—Pongangipalli Venkata Ramana Rao—from selling part of Mumias Sugar following a court petition from 100 creditors owed […]
Safaricom Plc CEO Peter Ndegwa during the telco’s 20-year celebration at the Nairobi Serena Hotel on October 27, 2020. PHOTO | NMG Safaricom’s share of combined investor wealth at the Nairobi Securities Exchange (NSE) touched a high of 63 percent yesterday after days of a steady rise in its stock prices in a period that […]
Narendra Raval, chairman, Devki Group of Companies during an interview at his Ruiru office on April 19, 2021. PHOTO | DIANA NGILA | NMG Mumias Sugar Company has been on its deathbed for a while now. The entry of KCB Group-appointed receiver-manager in November 2019 marked a sad turning point in the once giant sugar […]
Narendra Raval, chairman, Devki Group of Companies during an interview at his Ruiru office on April 19, 2021. PHOTO | DIANA NGILA | NMG Steel tycoon Narendra Raval plans to invest Sh5 billion in modernising Mumias Sugar #ticker:MSC ageing plant and develop cane in the latest bid to revive the once top miller that stopped […]
Narendra Raval, chairman, Devki Group of Companies during an interview at his Ruiru office on April 19, 2021. PHOTO | DIANA NGILA | NMG Steel tycoon Narendra Raval is seeking to revive Mumias Sugar through a leasing deal that seeks to save the once top miller. Mr Raval, who founded Kenyan steel and cement manufacturer […]
An ongoing rebranding excise at Jamii Bora Bank branch in Nairobi CBD following the lender’s acquisition by Co-op Bank. PHOTO | COURTESY In the quarter closing on March 31, Kingdom booked a Ksh.126.7 million net profit climbing from a Ksh.200.9 million net loss in the full year ending in December 2020- the first disclosed annual […]
Narendra Raval, chairman, Devki Group of Companies during an interview at his Ruiru office on April 19, 2021. PHOTO | DIANA NGILA | NMG Steel tycoon Narendra Raval is seeking to revive Mumias Sugar through a leasing deal that seeks to save the once top miller. Mr Raval, who founded Kenyan steel and cement manufacturer […]
Microfinanciers are struggling to keep customers as large banks and digital lenders raid their turf through innovative products, leaving them with piling losses and diminishing capital. The once-attractive market for borrowers seeking small loans and savers chasing high returns has taken a strong beating from competitors, putting micro-lenders on the edge. The 14 Central Bank […]
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