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Equity Group goes full-throttle with plan to offer full insurance in Kenya - VIDEO
Nov 20, 2024 at 10:16 PM
In an effort to diversify its fast-expanding revenue streams across the East African region, Equity Group ventured into the insurance business after receiving its license in early ...
CBK announces release of new currency banknotes with enhanced features
Nov 20, 2024 at 04:33 PM
The Central Bank of Kenya (CBK) has officially begun releasing redesigned currency banknotes for denominations of Sh50, Sh100, Sh200, and Sh500....
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Absa Bank Kenya expands its reach in satellite towns with new Kamakis branch
Nov 20, 2024 at 04:04 PM
Residents of Kamakis and its environs have received a major boost as Absa Bank Kenya officially opened a new branch in the area....
Stanchart posts 64 per cent rise in pre-tax profit to Sh22.5 billion in Q3 2024
Nov 20, 2024 at 02:52 PM
Standard Chartered Bank Kenya has delivered a solid performance for the third quarter of 2024, with profit before tax rising by 64 per cent to 22.5 billion driven by strong revenue...
I&M posts 24 per cent profit increase to Sh14.1 billion, announces Sh1.30 dividend
Nov 20, 2024 at 01:31 PM
I&M Group has posted a remarkable performance for the third quarter of 2024, showing a 24 per cent increase in Profit Before Tax (PBT) to Sh14.1 billion, up from Sh11.4 billion in ...
Allan Kilavuka to chair Africa airline lobby
Nov 20, 2024 at 12:45 PM
Kenya Airways (KQ) CEO Allan Kilavuka has been appointed the new Chairperson of the Africa’s Airline Association (AFRAA) at the 56th Annual General Assembly and Summit in Cairo, ...
NCBA pushes strategic retail expansion drive with new branch in Kerugoya Town
Nov 20, 2024 at 12:04 PM
NCBA Bank has officially extended its footprint to Kerugoya, opening its 97th branch in a move designed to bring innovative banking solutions closer to Kirinyaga County residents....
Equity unveils Joska branch, expanding its footprint to 212 locations nationwide
Nov 20, 2024 at 11:04 AM
Equity Bank has inaugurated its latest branch in Joska, located along Kangundo Road in Machakos County but within the Nairobi Metropolitan Area, extending its national branch netwo...
SGR leaks Sh144 million as passenger numbers, cargo volumes drop
Nov 19, 2024 at 11:58 PM
The Standard Gauge Railway (SGR) is navigating a rough patch, reporting a Sh144 million revenue drop between August and September 2024 as passenger numbers and cargo volumes took a...
Absa Bank Kenya reports 20 per cent surge in post tax profit to Sh14.7 billion
Nov 19, 2024 at 11:17 PM
Absa Bank Kenya has reported a remarkable Sh14.7 billion in profit after tax, a 20 per cent increase from last year, marking a year of impressive financial resilience....
Equity Bank responds to CBK rate slash with significant loan interest reduction
Nov 19, 2024 at 02:38 PM
In a bid to provide financial relief to its customers, Equity Bank has announced a significant reduction in interest rates on all Kenya Shilling-denominated credit facilities, effe...
KNBS notes 13.2 per cent surge in mobile money transactions to Sh6.5 trillion
Nov 19, 2024 at 01:56 PM
The Kenya National Bureau of Statistics (KNBS) has reported a remarkable surge in mobile money transactions, which hit Sh6.5 trillion in the first nine months of 2024....
National Treasury denies owing counties as governors warn of service disruptions
Nov 19, 2024 at 01:11 PM
The National Treasury has firmly denied owing any arrears to county governments, following a warning by the Council of Governors (CoG) about potential service delivery disruptions ...
New bill aims to bring buy-now-pay-later companies under CBK control
Nov 19, 2024 at 10:45 AM
Kenya’s fast-growing buy-now-pay-later (BNPL) sector is about to face a potential shake-up with the introduction of a new Bill in Parliament that could place BNPL firms under the...
Proposed tea bill could leave farmers vulnerable to price fluctuations
Nov 18, 2024 at 06:44 PM
A new legislative proposal, the Tea (Amendment) Bill 2023, has sparked concerns over the financial stability of Kenyan tea farmers, as it seeks to overhaul the allocation of revenu...
Safaricom launches 'wai ndai' gaming challenge with cash prizes, Suzuki Altos
Nov 18, 2024 at 05:37 PM
Safaricom has unveiled an exciting 90-day online gaming challenge, the 'Wai Ndai' Challenge, which kicked off on Saturday and will run through to February 15, 2025....
Kakuzi secures 5 nominations in Kenya Avocado Industry Excellence Awards
Nov 18, 2024 at 02:40 PM
Kakuzi PLC has earned remarkable recognition in the Kenyan avocado sector, securing five nominations in the highly anticipated 2024 Kenya Avocado Industry Excellence Awards....
Auditor-General exposes Sh11.66 billion gap in affordable housing loan funds
Nov 18, 2024 at 10:54 AM
A staggering Sh11.66 billion from an international loan meant to drive Kenya’s affordable housing agenda has come under scrutiny after Auditor-General Nancy Gathungu revealed tha...
KRA grants KenGen a Sh1.43 billion tax waiver after decade-long dispute
Nov 18, 2024 at 10:08 AM
Kenya Electricity Generating Company (KenGen) has successfully reached a landmark agreement with the Kenya Revenue Authority (KRA), securing a substantial tax waiver of Sh1.43 bill...
Safaricom spreads festive joy with dealer, M-Pesa agent recognition in Eldoret
Nov 15, 2024 at 05:09 PM
Safaricom brought early festive cheer to its Rift Valley dealers and M-PESA agents during a special engagement dinner in Eldoret....
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African Originals dominates the Kenya Beverage Excellence Awards 2024
Nov 15, 2024 at 04:28 PM
African Originals, a brand synonymous with innovation and craftsmanship in Kenya’s beverage industry, emerged as a dominant force at the 2024 Kenya Beverage Excellence Awards, he...
NCBA fuels Homa Bay’s economic rise with game-changing branch launch
Nov 15, 2024 at 01:47 PM
Homa Bay County’s economic landscape has received a significant boost with the opening of NCBA’s new branch, designed to bring vital banking services closer to the local commun...
Co-op Bank posts 4.4 per cent profit rise to Sh19.2 billion in Q3 amid digital growth
Nov 15, 2024 at 11:32 AM
Co-operative Bank of Kenya has reported a solid financial performance for the third quarter of 2024, posting a net profit of Sh19.2 billion....
Fuel prices remain steady as EPRA reports mixed trends in landing costs
Nov 14, 2024 at 09:34 PM
The Energy & Petroleum Regulatory Authority (EPRA) has maintained the retail prices of Super Petrol, Diesel, and Kerosene for the period from Thursday to 14th December 2024, keepin...
Tanzanian giant AMSONS Group secures green light for Bamburi Cement takeover
Nov 14, 2024 at 06:03 PM
Tanzanian conglomerate AMSONS Group has received major regulatory approval to acquire up to 100 per cent of Kenya’s leading cement manufacturer, Bamburi Cement PLC....
John Gachora strongly defends Kenya’s banking sector strength against critics
Nov 14, 2024 at 01:52 PM
NCBA Group Managing Director John Gachora has lauded the strength of Kenya’s banking sector, rallying Kenyans to take pride in the nation’s robust financial institutions amid i...
Persistent KRA customs system outages stall cargo clearance, cut revenue
Nov 14, 2024 at 12:54 PM
Frequent disruptions to the Kenya Revenue Authority's (KRA) Integrated Customs Management Systems (iCMS) are causing significant disruptions to the country's import and export trad...