Topic: KCB
Airtel Money unveils festive lifeline with Paybill 'Rudishiwa Transaction Fee' offer
Dec 06, 2024 at 05:13 PM
Airtel Money customers have been handed a festive season lifeline with the launch of the “Rudishiwa transaction fee” offer....
KCB Group post-tax profits soars by 49 per cent to Sh45.8 billion in Q3 2024
Nov 21, 2024 at 12:58 AM
KCB Group Plc has reported an impressive 49 per cent increase in its profit after tax, reaching Sh45.8 billion for the first nine months of 2024, up from Sh30.7 billion in the same...
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....
Safaricom secures Sh30 billion loan to strengthen its sustainability agenda
Sep 24, 2024 at 12:19 PM
In a bold move to cement its leadership in sustainability, Safaricom has secured a second Sh15 billion Sustainability Linked Loan, doubling its total to an impressive Sh30 billion....
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KCB resumes dividend payouts as it posts 86 per cent profit surge to Sh29.9 billion in H1 2024
Aug 21, 2024 at 08:35 PM
KCB Group Plc has reported an 86 per cent increase in profit after tax for the first half of 2024, reaching Sh29.9 billion, up from Sh16.1 billion the previous year....
Formal credit access eludes majority of Kenyan MSMEs, report reveals
Jun 07, 2024 at 10:12 PM
A recent study by pan-African market insights firm Stears reveals that only 1.1 million out of Kenya's 7.4 million micro, small, and medium enterprises (MSMEs) have access to forma...
KCB net profit clocks Sh16.5 billion as NPLs surpass Sh205 billion in Q1 2024
May 22, 2024 at 10:50 PM
KCB Group PLC has announced a remarkable 69 per cent increase in net profit for the first quarter of 2024, reaching Sh16.5 billion, up from Sh9.8 billion in the same period last ye...
Greatwall Gardens homeowners face dubeity as KCB proceeds with auction
May 08, 2024 at 03:39 PM
A cloud of uncertainty hangs over 78 homeowners in Athi River after KCB Bank put up their two-bedroom apartments for sale....
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KCB pretax profit drops 15 per cent to Sh48.5 billion as operating costs shoot
Mar 20, 2024 at 07:48 PM
KCB Group has posted a 15.5 per cent drop in profit before tax to Sh48.5 billion compared to Sh57.3 billion in 2022, the bank announced in its 2023 full year financial results Wedn...
KCB Group strikes deal to sell 100 per cent stake in NBK to Nigeria's Access
Mar 20, 2024 at 06:43 PM
KCB Group has struck a lucrative and binding agreement that will see the Kenyan bank sell its 100 per cent stake in the National Bank of Kenya (NBK) to Access Bank of Nigeria....
Safaricom's Fuliza flexes market muscle, edges out rivals in micro-loan segment
Feb 27, 2024 at 08:08 PM
Kenya's digital credit market is witnessing a significant shift as Safaricom's Fuliza overdraft facility emerges as the dominant player, leaving other providers trailing behind....
KCB and MasterCard partner to drive financial inclusion in East Africa
Feb 26, 2024 at 03:23 PM
KCB Bank Kenya and Mastercard have joined forces in a groundbreaking 5-year collaboration aimed at transforming the East African financial landscape....
Rife speculation, panic selling as Kenya Shilling makes historic gains against US dollar
Feb 15, 2024 at 04:53 PM
The Kenyan shilling staged a remarkable comeback against the US dollar Wednesday, recording its strongest intra-day gain in 12 years....
Yagnesh Devani and four co-accused cleared of Triton-KCB fraud charges
Feb 12, 2024 at 04:06 PM
In a surprising turn of events, the Milimani Magistrates Court has acquitted businessman Yagnesh Devani and four others of charges related to a conspiracy to defraud Kenya Commerci...
Triton Scam: Fugitive tycoon Devani in Nairobi court after 16 years on the run
Jan 30, 2024 at 01:27 PM
Yagnesh Mohanlal Devani, a fugitive businessman cloaked in years of scandal and international intrigue, finally touched down in Kenya last week....
Households plunge into darkness as M-Pesa glitch guts KPLC prepaid top-ups
Jan 22, 2024 at 11:24 PM
A technical glitch affecting M-Pesa has thrown Kenya's prepaid electricity system into disarray, leaving millions of households grappling with the prospect of a pitch-dark night....
Uncertainties surround NOC’s revival plan as MPs raise alarming concerns
Jan 04, 2024 at 12:12 PM
The National Oil Corporation of Kenya (NOC) finds itself at a crossroads as a parliamentary committee sheds light on significant shortcomings in its revival plan, particularly rega...
NSE kicks off 2024 with subdued trading activity continuing a four-year low streak
Jan 03, 2024 at 05:11 PM
The Nairobi Securities Exchange (NSE) kicked off the new year on an unexpected note, navigating uncharted waters as trading began with a four-year low....
CS Owalo unveils Govt plan for 1,450 ICT hubs nationwide to spur digital economy
Dec 16, 2023 at 12:48 AM
In a groundbreaking announcement, ICT and the Digital Economy Cabinet Secretary (CS) Eliud Owalo has disclosed plans to kickstart the development of 1,450 ICT hubs, strategically p...
Wife of former KCB boss reveals ordeal in Kenya that forced her to escape to US
Dec 10, 2023 at 04:12 PM
The wife of Leonard Mwithiga, a wealthy Kenyan currently facing charges in a U.S. court over an alleged plot to kill her, has revealed a troubling narrative that exposes glaring in...
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