Business

Mumias investors holding Ksh.1.53 billion in outstanding shares as firm rolls back to shelves

Mumias investors holding Ksh.1.53 billion in outstanding shares as firm rolls back to shelves

Kenyan Supermarkets have begun restocking sugar from Mumias Sugar Company Limited following protracted court battles after it was put under…
Absa Bank Q3 profit up 30% to Ksh.10.7 billion

Absa Bank Q3 profit up 30% to Ksh.10.7 billion

Absa Bank’s net profit surged to Ksh.10.7 billion in nine months to September 2022. This is a 30 percent growth…
Family Bank feted bank of the year for SME lending in Agriculture

Family Bank feted bank of the year for SME lending in Agriculture

Family Bank has been recognised as Bank of the year for high-impact agricultural lending to Small, Medium Enterprises (SMEs) by…
Blow to govt as High Court suspends importation of GMO maize

Blow to govt as High Court suspends importation of GMO maize

High Court in Nairobi has stopped the Kenyan government from importing duty free Genetically Modified Organisms (GMO) maize. This deals…
Stocks to watch on NSE as firms move to fight climate change

Stocks to watch on NSE as firms move to fight climate change

Increasing focus on fight against climate change, gas emission has taken shape in Africa and is expected to boost stocks…
Treasury Bills remain undersubscribed owing to tightened liquidity

Treasury Bills remain undersubscribed owing to tightened liquidity

The Treasury Bills (T-Bills) remained undersubscribed when the overall subscription rate declined to 113.4%, from the 170.8% recorded the previous…
DTB Q3 profit up 20% to Ksh.5.8 billion

DTB Q3 profit up 20% to Ksh.5.8 billion

Diamond Trust Bank’s (DTB) net profit surged by 20.8 percent to Ksh.5.8 billion in nine months to September 2022. The…
How risk-based credit pricing model affects borrowers and banks

How risk-based credit pricing model affects borrowers and banks

The excitement around financial inclusion in Kenya is not without merit owing to innovative aspects of Fintechs and banks. This…
NCBA Q3 profit up 97% to Ksh.12.8 billion

NCBA Q3 profit up 97% to Ksh.12.8 billion

NCBA net profit in nine months to September surged by 97 percent to Ksh.12.8 billion from Ksh.6.5 billion profit posted…
Kenyan youth among beneficiaries as Google, IYF partner for Digital entrepreneurial skills

Kenyan youth among beneficiaries as Google, IYF partner for Digital entrepreneurial skills

International Youth Foundation (IYF) and Google.org have joined hands to provide young individuals in South Africa, Kenya and Nigeria with…
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