Foreign investors at the Nairobi Securities Exchange (NSE) returned a net buying position at the market last week, snapping a two-week selling run that has seen them cashing in on stocks whose prices had gone up ahead of book closures on dividends. Market data from the NSE showed that there was a net foreign inflow […]
Mortgage financier HF Group’s #ticker:HFCK share price at the Nairobi Securities Exchange (NSE) has gone up by 46 percent in the last four days following a disclosure of an intended sale of Britam’s stake in the firm to a large bank. The share closed Thursday at Sh4.99 a unit, which is Sh1.57 higher than the […]
Insurance group Britam Holdings plans to sell part of its 48.2 percent stake in mortgage financier HF Group to one of the country’s big banks as part of a review of its investment portfolio. A director of Britam, which last week scrapped nine top executive positions, told Business Daily that a transaction adviser has been […]
Standard Chartered Bank Kenya shareholders are set for a dividend payout despite the lender’s full-year net profit declining by about a third on higher provisioning for loan defaults. The tier I bank said Thursday morning that the board has proposed a Sh10.50 dividend payout, being 16 per cent lower than the Sh12.50 that was paid […]
Kenya’s mobile phone operator Safaricom has topped the list of Africa’s most valuable brands by market capitalisation, with shareholder wealth peaking at a record high of $14.14 billion in February 2021. According to a new monthly survey by analysts at AfricanFinancials Group, Safaricom, which is listed on the Nairobi Securities Exchange (NSE), floored West African […]
HF Group head office in Nairobi. FILE PHOTO | NMG Insurance group Britam Holdings plans to sell part of its 48.2 percent stake in mortgage financier HF Group to one of the country’s big banks as part of a review of its investment portfolio. A director of Britam, which last week scrapped nine top executive […]
A KCB branch in Nairobi. FILE PHOTO | NMG KCB Group lost Sh2.16 billion mobile banking revenue last year on waiver of transaction fees charged to customers in the wake of Covid-19 infection as the regulator sought to cut cash handling. The lender discloses that the mobile banking revenue dropped 22 percent to Sh7.71 billion […]
A Safaricom shop in Nairobi. FILE PHOTO | NATION MEDIA GROUP Kenya’s mobile phone operator Safaricom has topped the list of Africa’s most valuable brands by market capitalisation, with shareholder wealth peaking at a record high of $14.14 billion in February 2021. According to a new monthly survey by analysts at AfricanFinancials Group, Safaricom, which […]
A StanChart bank branch in Nairobi. PHOTO | NMG Standard Chartered Bank Kenya shareholders are set for a dividend payout despite the lender’s full-year net profit declining by about a third on higher provisioning for loan defaults. The tier I bank said Thursday morning that the board has proposed a Sh10.50 dividend payout, being 16 […]
•In a statement released Tuesday, the apex bank said the the extension applies to loans which were being serviced by March 2, 2020 but went into arrears afterwards. •”CBK will continue to closely monitor the unwinding of outstanding restructured loans to ensure the continued stability of the banking sector,” the regulator said. Commercial bank borrowers […]
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