Business
United Bank of Africa Allocates Ksh.37.5 Billion to Boost Kenyan SMEs
May 24, 2024
United Bank of Africa Allocates Ksh.37.5 Billion to Boost Kenyan SMEs
United Bank of Africa (UBA) has committed Ksh.37.5 billion ($285 million) to its Kenyan subsidiary, UBA Bank Kenya, to support…
From Media to Banking, Achievements of Dr. Kiboro as He Exits as Family Bank Chair
May 24, 2024
From Media to Banking, Achievements of Dr. Kiboro as He Exits as Family Bank Chair
Dr. Wilfred Kiboro is stepping down as the chairman of Family Bank after having been appointed to the position in…
Arch. Gitau Mungai Replaces Dr. Kiboro as Family Bank Chairman
May 24, 2024
Arch. Gitau Mungai Replaces Dr. Kiboro as Family Bank Chairman
Family Bank Board of Directors has appointed Architect Francis Gitau Mungai as the new Chairman of the Board of Directors.…
How Kenya Will Benefit as a non-NATO Ally
May 23, 2024
How Kenya Will Benefit as a non-NATO Ally
U.S. President Joe Biden is expected to designate Kenya as a key non-NATO ally, coming on top of the heel…
Authority Mulls Removing 14-seater Matatus from Nairobi CBD
May 23, 2024
Authority Mulls Removing 14-seater Matatus from Nairobi CBD
There are contemplations to remove the 14-seater matatus from Nairobi’s CBD in what is seen as a measure to reduce…
Oil Prices Fall for Fourth Day as US Rate Hike Prospects Emerge
May 23, 2024
Oil Prices Fall for Fourth Day as US Rate Hike Prospects Emerge
The U.S. crude oil benchmark, West Texas Intermediate (WTI) has fallen well below the $80 mark it surpassed at the…
NCBA Group After Tax Profit Up 4.4% in Q1 2024
May 23, 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
May 23, 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
May 22, 2024
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
May 21, 2024
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…