Business
Net interest income pushes Family Bank’s 2022 Q1 profit up 43.7% to Ksh.1 billion
May 27, 2022
Net interest income pushes Family Bank’s 2022 Q1 profit up 43.7% to Ksh.1 billion
Family Bank’s pretax profit surged by 43.7 percent in the first quarter of 2022 to Ksh.1.05 billion from Ksh.728.8 million…
Elon Musk sued for tanking Twitter’s stock
May 27, 2022
Elon Musk sued for tanking Twitter’s stock
A number of Twitter shareholders are worried about the tanking of the Twitter stock following a controversial Ksh.5 trillion buyout…
Metro Trans inks a Ksh.398 million deal with National Bank for 80 new busses
May 27, 2022
Metro Trans inks a Ksh.398 million deal with National Bank for 80 new busses
Metro Trans East Africa in partnership with the National Bank of Kenya unveiled a new fleet of 25 buses that…
Co-Op Bank 2022 Q1 up 56% to Ksh.5.8 billion
May 26, 2022
Co-Op Bank 2022 Q1 up 56% to Ksh.5.8 billion
Co-operative Bank of Kenya’s net profits grew to Ksh.5.8 billion for the first three months of 2022 ending March 31.…
Family Bank secures Ksh.1.95 billion for SMEs targeting education sector
May 26, 2022
Family Bank secures Ksh.1.95 billion for SMEs targeting education sector
Family Bank has secured a total of Ksh.1.98 billion, from BlueOrchard Finance Ltd (BlueOrchard) managed funds to extend to the…
EFG 2022 Q1 profit up 18% to Ksh.2.1 billion
May 26, 2022
EFG 2022 Q1 profit up 18% to Ksh.2.1 billion
An investment bank franchise in Frontier Emerging Markets (FEM), EFG Hermes Holding, has recorded an 18 percent net profit of…
Absa Bank Kenya 2022 Q1 profit up 22% profit to Ksh.3 billion
May 26, 2022
Absa Bank Kenya 2022 Q1 profit up 22% profit to Ksh.3 billion
Absa Bank Kenya posted a 22 percent jump in its 2022 quarter one net profit to Ksh.3 billion from Ksh.2.4…
National Bank Q1 revenue grew by 72% to Ksh.395 million
May 26, 2022
National Bank Q1 revenue grew by 72% to Ksh.395 million
National Bank of Kenya (NBK) has recorded a profit after tax of Ksh.395 million for the quarter ending March 31,…
New Ksh.2 billion steel factory in Kisumu to employ 600 youth starting June
May 26, 2022
New Ksh.2 billion steel factory in Kisumu to employ 600 youth starting June
A new Ksh.2 billion steel factory in Kisumu is set to start manufacturing work this June and will employ more…
Safaricom appoints Karen Basiye Director of Sustainable Business, Social Impact
May 25, 2022
Safaricom appoints Karen Basiye Director of Sustainable Business, Social Impact
Safaricom has appointed Karen Basiye as the Director of Sustainable Business, Social Impact Impact and M-Pesa Foundation. In her new…