Business

NCBA Group  After Tax Profit Up 4.4% in Q1 2024

NCBA Group  After Tax Profit Up 4.4% in Q1 2024

NCBA Group posted  4.4% growth in after-tax profit to Ksh.5.3 billion for the full year ended March 31, 2024. The…
KCB Bank Pretrax Profit Up 53% in Q1 2024

KCB Bank Pretrax Profit Up 53% in Q1 2024

KCB Group’s higher interest income helped its profit before tax jump to 53% in the first quarter of 2024. The…
Kenyans Contributing Ksh.5.5 Billion for Affordable Housing Construction Monthly

Kenyans Contributing Ksh.5.5 Billion for Affordable Housing Construction Monthly

Kenyan are contributing approximately Ksh.5.5 billion monthly towards the housing levy, as disclosed by Housing Principal Secretary Charles Hinga. This…
Uganda Helps Push Kenya’s GDP to 5.6% in 2023

Uganda Helps Push Kenya’s GDP to 5.6% in 2023

Agricultural activities pushed Kenya’s Gross Domestic Product (GDP) to a record 5.6%, according to the new data released by the…
Oil Prices Hike After Iran’s President Raisi Dies in Helicopter Crash

Oil Prices Hike After Iran’s President Raisi Dies in Helicopter Crash

Prices of crude oil began the week with a gain following the news that a helicopter with Iran’s president on…
KCB, Proparco Sign $95 Million Deal for Climate Investments in Kenya

KCB, Proparco Sign $95 Million Deal for Climate Investments in Kenya

KCB Bank Kenya has secured a $95 million loan from Proparco for climate investment projects in Kenya. Proparco is a…
CIC Pretax Proft Up 209% to Ksh.2.5 Billion

CIC Pretax Proft Up 209% to Ksh.2.5 Billion

CIC Insurance Group Plc has reported a Profit Before Tax of Kssh.2.5 billion for the year ended December 2023 from…
Old Mutual in Nyeri to Help Flood Victims

Old Mutual in Nyeri to Help Flood Victims

Old Mutual Group and its subsidiary, Faulu Microfinance Bank are in Nyeri to help more than 500 families that have…
Umba Microfinance Bank to Offer Car Finance in Deal with Peach Cars at 70%

Umba Microfinance Bank to Offer Car Finance in Deal with Peach Cars at 70%

Peach Cars has joined forces with Umba Microfinance Bank to introduce a groundbreaking 24-hour car financing option for customers. Peach…
KTDA Inks Deal with Co-Op Bank, Eco.Business for Environment Governance Initiatives

KTDA Inks Deal with Co-Op Bank, Eco.Business for Environment Governance Initiatives

Directors affiliated with KTDA-run factories are set to benefit from capacity building and training on Environmental Social and Governance initiatives…
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