Topic: KCB
Kenyan banks cut their lending rates to a four-month low amid pressure from CBK
Feb 14, 2025 at 10:19 AM
Kenyan borrowers are set to benefit from lower interest rates after most commercial banks slashed their lending rates to a four-month low....
Omari drags KCB to court over ‘false’ CRB listing, seeks Sh20 million in damages
Feb 11, 2025 at 07:13 PM
Prominent city lawyer Danstan Omari has dragged Kenya Commercial Bank (KCB) to court, accusing it of wrongly blacklisting him with the Credit Reference Bureau (CRB) over a loan he ...
Labh Singh Harnam Singh placed under administration over Sh1 billion KCB debt
Feb 07, 2025 at 03:23 PM
Labh Singh Harnam Singh (LSHS) Ltd., a long-standing and prominent bus body builder in East Africa, has been placed under administration, throwing the future of the company into un...
Local banks face new VAT charges on auctioned assets following tribunal ruling
Feb 05, 2025 at 05:14 PM
Kenyan banks are now required to charge Value Added Tax (VAT) on assets seized from loan defaulters and sold via auction, following a landmark ruling by the Tax Appeals Tribunal....
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KCB pumps Sh209 million into 2025 WRC Safari Rally, sponsors four Kenyan drivers
Jan 30, 2025 at 02:07 PM
KCB has renewed its sponsorship of the World Rally Championship (WRC) Safari Rally for the fifth consecutive year committing Sh209 million towards organizing the 2025 event....
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Mastercard partners with KCB to launch Kenya’s first multi-currency prepaid card
Jan 23, 2025 at 05:39 PM
Mastercard, in collaboration with KCB Bank Kenya, has launched Kenya’s first multi-currency prepaid card, a groundbreaking solution designed to simplify international transaction...
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Khalif Kairo released on Sh2 million bail after denying fraudulent car sale charges
Jan 14, 2025 at 07:04 PM
Khalif Kairo, a motor vehicle dealer accused of defrauding clients, has been granted a cumulative cash bail of Sh2 million after denying two counts of cheating under section 315 of...
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....
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