Finance
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MPs increase budget by Ksh.80.7 billion
Members of Parliament passed the first supplementary budget estimates 2020-2021 financial year on Thursday that will raise the government’s spending…
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KCB records 22% drop in net profit to Ksh. 19.6 billion
The Kenya Commercial Bank (KCB) reported a 22 percent drop in its net profit to Ksh.19.6 billion for the year…
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Co-op bank records 23% drop in net profit to Ksh. 10.9 billion
The Co-operative Bank Group registered a net profit of Ksh.10.3 billion for the year ended December 2020. This represents a…
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Digital lenders reject proposed regulation of digital loan costs
The Digital Lenders Association of Kenya (DLAK) is calling on the government to allow industry players to have the freedom…
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Liberty Kenya Holdings’ shares surge on news of share buyback by parent firm
The shares of Liberty Kenya Holdings Plc. surged by 9.9 percent Monday, after Johannesburg Listed Liberty Holdings announced plans to…
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Laikipia County to construct affordable housing units under new finance deal
County Pensions Fund (CPF) has agreed to finance the construction of affordable houses at yard two estates in Nanyuki town. …
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Kenya’s credit rating downgraded from B+
Financial analytics company S&P Global Ratings has lowered its long-term foreign and local currency sovereign credit ratings on Kenya to…
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Mobile lenders ready for CBK regulations
Digital Lenders Association of Kenya (DLAK) has welcomed the looming regulation of the sector, saying it will help lower the…
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Citibank N.A. Kenya establishes supply chain finance for women-owned businesses
As the world marks international women’s day, Citibank N.A Kenya has established a supply chain finance programme in support of…
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Parliament wants 2021/22 fiscal year budget reduced to Ksh.2 trillion
The national assembly’s budget and appropriations committee has asked the National Treasury to revise down the 2021/2022 fiscal year budget…
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