Finance
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Family Bank unveils prepaid card for multi-currency transactions
Family Bank has launched a series of prepaid cards set to allow customers to transact in multiple currencies. The facility,…
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How digital lending illiteracy among Kenyans is foiling their financial stability
In April 2013 when President Uhuru Kenyatta was sworn in, Kenya’s total public debt was just Ksh.1.8 trillion. If the…
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Co-Op Bank net profit up 18.4% to Ksh.11.6 billion
The Co-operative Bank of Kenya posted an 18.4 percent jump in net profit for nine months ended September 30, 2021,…
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KCB net profit up 131% to Ksh.25.2 billion
KCB Group Plc more than doubled its profit after tax in nine months to September 30, 2021, placing it among…
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Seven Kenyan-based MSMEs win Stanbic’s Ksh.33 million grant facility
Stanbic Bank Kenya and United States African Development Foundation (USADF) have unveiled Micro, Small and Medium Enterprises (MSMEs) winners of…
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Equity Bank Tanzania Inks Deal with Tanzania Postal Corporation for its Super Agent services
Equity Bank Tanzania, a subsidiary of Equity Group Holdings has entered into a partnership with the Tanzania Postal Corporation (TPC)…
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Tax collections in October up 21.1% to Ksh.131.6 billion
Cumulative tax in October 2021 grew 21.1 percent to Ksh.131.6 billion from Ksh.108.7 billion collected at the same time last…
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M-Pesa revenue hits Ksh.13 trillion after App launch
Safaricom’s M-Pesa revenue surged 48.5 percent to record a whooping Ksh.13 trillion up from Ksh.9 trillion. The surge in revenue…
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Safaricom half year profit up 12% to 37 billion
Safaricom posted a Ksh.37 billion net profit for the year ended September 30, 2021, representing a 12 percent growth from…
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KRA exposes how Nigerian national illegally shipped cash into Kenya from U.S
The Kenya Revenue Authority (KRA) officers have recovered hard cash totaling US$.28,000 (Ksh.3,130,199.61) that was shipped into the country via…
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