Stories By Bernard Wafula
CBK flags 400 digital lenders operating illegally in Kenya offering predatory loans
Dec 04, 2023 at 10:17 PM
Central Bank of Kenya has revealed that there are an alarming 400 digital credit providers (DCPs) operating illegally amid concerns over digital lenders offering predatory loans....
IATF2023 surpasses targets with USD43.8 billion worth of business deals concluded
Dec 04, 2023 at 07:26 PM
The third Intra-African Trade Fair (IATF2023) held in Cairo, Eqypt on November 9-15 saw business deals and transactions concluded surpass targets to reach USD43.8 billion....
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Safaricom launches major campaign to increase the uptake of home internet
Dec 04, 2023 at 12:44 PM
Safaricom has unveiled a new campaign in a bid to enhance the uptake of home internet by staging available fixed internet solutions and value adds that improve the home experience....
ITME Africa & Middle East 2023 summit attracts global textile industry players
Dec 02, 2023 at 02:00 PM
Kenya in the past week hosted key players in the textile and apparel industry from India, Africa and Middle East in a bid to link global business leaders with their African colleag...
KenGen approves Sh2 billion dividend payout following stellar performance
Dec 01, 2023 at 03:29 PM
Kenya Electricity Generating Company PLC (KenGen) has announced a dividend payout of Sh2 billion for the year ending 2023, representing the first and final dividend payouts of Sh0....
State mulls guaranteeing 15.96 million informal workers to access mortgages
Dec 01, 2023 at 01:21 PM
The government is working on a framework seeking to guarantee part of mortgages to be advanced to workers in the informal sector in Kenya who have irregular income....
SasaPay unveils innovative cash-back transaction model to empower SMEs
Dec 01, 2023 at 11:17 AM
In a strategic move to alleviate financial burdens for businesses, SasaPay, the online payment platform, has introduced a revolutionary solution, refunding fees incurred during tra...
India EXIM Bank gets nod to establish Nairobi office to strengthen financial ties
Nov 29, 2023 at 11:37 AM
The Government has granted approval for the establishment of India EXIM Bank's East Africa Representative Office in Nairobi, a decision made during a Cabinet Meeting on Monday....
Sameer Africa commences construction of Sh260 million industrial warehouse
Nov 28, 2023 at 06:25 PM
Sameer Africa has started constructing a “built-to-suit” state-of-the-art industrial warehouse within its Nairobi complex as part of the company's expansion strategy....
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Online forex brokers are reeling in shock after Treasury slaps them with new fee
Nov 28, 2023 at 01:48 PM
Online forex brokers are facing a paradigm shift as the Treasury introduces a groundbreaking regulatory fee, ushering in a new era of oversight in the dynamic landscape of forex tr...
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SBM Bank, Safer Power partner to spur Stoni Athi Resort's green energy move
Nov 28, 2023 at 11:59 AM
SBM Bank, in a strategic move towards bolstering environmental sustainability, has joined forces with Safer Power Limited in a transformative project aimed at connecting Stoni Athi...
Troubled Twiga secures fresh funding amid pressure from over 100 suppliers
Nov 27, 2023 at 09:43 PM
Twiga Foods has secured a fresh round of funding of an undisclosed amount in a move meant to enable it pay its suppliers and also fund its transformation and growth plans....
Govt lists KPC, KICC, KCC, Rivatex among 11 parastatals scheduled to be privatized
Nov 27, 2023 at 06:05 PM
The government has listed the Kenya Pipeline Company (KPC), Kenya International Convention Centre (KICC) and New Kenya Cooperative Creameries (KCC) for privatization....
Festive cheer as Coca-Cola unveils its Christmas Caravan Campaign in Kenya
Nov 27, 2023 at 12:36 PM
Coca-Cola has unveiled its Christmas Caravan Campaign with an enthralling series of events and experiences planned with the aim to unite communities and spread the Christmas joy....
I&M Group loan loss provisions grow as it posts Sh8.2 billion post tax profit Q3 2023
Nov 27, 2023 at 01:00 AM
I&M Group has posted a post-tax profit growth of 14 per cent to Sh8.2 billion for the 9-month period ending September 30, 2023, from Sh7.2 billion in a similar period in 2022....
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Mumias Sugar announces resumption of factory operations
Nov 24, 2023 at 04:13 PM
Mumias Sugar (2021) Ltd. has officially announced the eagerly awaited resumption of factory operations, scheduled to commence on 1st December 2023....
NBK posts Sh2.97 billion post tax loss in Q3 2023 due to Basil Criticos case payout
Nov 24, 2023 at 10:15 AM
National Bank of Kenya (NBK) has posted a colossal Sh2.97 billion in loss after tax for the period ending September 30, 2023, which represents a 436 per cent decline over the same ...
NCBA Group records 14.4 per cent increase in profit after tax to Sh14.6 billion
Nov 23, 2023 at 12:48 PM
NCBA Group PLC has demonstrated impressive financial performance in its third-quarter results, concluding on September 30th, 2023, reporting a notable 14.4 per cent increase in pro...
Family Bank names Nancy Njau as new managing director, pending approval
Nov 23, 2023 at 11:42 AM
Family Bank, one of Kenya's leading financial institutions, is set to undergo a change in leadership as Nancy Njau takes the helm as the new Managing Director and CEO, succeeding R...
KCB Group posts Sh30.7 billion net profit in Q3 2023 as its balance sheet expands
Nov 22, 2023 at 08:57 PM
KCB Group PLC, a leading financial institution, has announced an impressive financial performance for the nine months ending 30th September 2023....
