Corporate
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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…
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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…
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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…
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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…
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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…
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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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SBM Bank Appoints Bhartesh Shah its New CEO
SBM Bank (Kenya) Limited Board has appointed Bhartesh Shah its new Chief Executive Officer (CEO), effective May 9, 2024. Shah…
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Flood Victims to Benefit from Safaricom’s Ksh.30 Million Kitty
Safaricom announced Thursday it will support Kenyans affected by the flood through M-PESA Foundation. The Ksh.30 million will be used…
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Safaricom Earnings Cross $1 Billion Mark, Retains Dividend at Ksh.1.2
In the dynamic landscape of African business, a select few companies have managed to surpass the $1 billion mark in…
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NCBA Launches New App for Tanzanian Market
The NCBA Group has introduced its cutting-edge banking omnichannel application, NCBA Now, in Tanzania. The primary goal is to enhance…
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