HF Group posts Ksh.97 million half-year loss

By Kepha Muiruri,

The Housing Finance (HF) Group has reported a Ksh.97 million loss for the first six months of operations in 2019. The loss which is against a narro...

Housing Finance

Digital payments on the rise in hidden-sight

By Kepha Muiruri,

Digital payments have continued to rise inconspicuously to break the trend of cash dominance discretely, even as cash remains king in the settlement o...

CBK , Communications Authority of Kenya (CA) , digital payments in Kenya , financial inclusion

KCB Group half year profit rises 5pc to Ksh.12.7 billion

By Kepha Muiruri,

KCB Group has announced a five percent growth in earnings for the first six months of the year to Ksh.12.7 billion. The marginal growth, which howe...

Joshua Oigara , KCB Group , mergers & acquisitions

Stanbic remains tight-lipped on staff layoffs

By Kepha Muiruri,

Stanbic Group has remained mum on the impending staff layoffs even as its proposed voluntary early retirement (VER) scheme employee submission window ...

Stanbic Group half year profit hits Ksh.4.1 billion

By Kepha Muiruri,

Stanbic Holdings PLC on Thursday announced a 14 percent increase in its half year earnings to Ksh.4.1 billion for the period closing June 30, 2019. ...

Cost to Income ratio , growth trajectory , profits , Stanbic Group

Equity Bank half year net profit hits Ksh.12 billion

By Kepha Muiruri,

Equity Group has announced a nine percent increase in net profit for the first six months of 2019 to Ksh.12 billion. The lender’s notable surge i...

Dr. James Mwangi , equity bank , Equity Group

Equity follows up Ethiopia interests with new representative office

By Kepha Muiruri,

Equity Group has set up a commercial representative office in Ethiopia following the grant of license to commence operations. The new office is ancho...

Equity Group , Equity Group’s Managing Director James Mwangi , Ethiopia , Ethiopian Prime Minister Abiy Ahmed , KCB , LAPSSET , Marsabit , moyale , Safaricom

Swila: Rachier had his shortfalls, but he leaves behind a rich legacy at Gor

By Isaac Swila,

Isaac Swila Ambrose Dickson Otieno Rachier, the 69-year-old conveyance lawyer shocked the football world when he announced on Tuesday that he will ...

Ambrose Rachier , elections , GOR MAHIA , rich legacy , steps down

KCB quarterly profit rises to Ksh 5.8B on non-interest income

By Kepha Muiruri,

KCB Group has announced an 11.5 percent growth in profits for the first three months of the year to Ksh.5.8 billion. The notable increase in earnin...

Joshua Oigara , KCB

No talk of 2022 succession with Raila, President Kenyatta says

By Allan Irungu,

President Uhuru Kenyatta on Wednesday downplayed claims that former Prime Minister Raila Odinga is out to split the Jubilee Party ahead of the 2022 Ge...

2022 elections , President Uhuru Kenyatta , raila odinga

Mauritian insurer to acquire Kenyan insurance firms in Ksh.3B investment

By Kepha Muiruri,

Mauritius United Assurance (MUA) has set its sights on Kenyan insurers in a fresh Ksh.3 billion (USD 30 million) investment. The new facility follo...

acquisitions , Kenya's insurance sector , Mauritius United Assurance , Phoenix Group

SACCOs stare at early grave in numbness to digital era

By Kepha Muiruri,

The Savings and Credit Cooperatives (SACCOs) concept could be staring at an eventual demise in what has been a slow-adoption of innovation in service ...

sacco

Equity defies expensive lender-tag to grow loans to Ksh.297.2B

By Kepha Muiruri,

Equity bank has defied its expensive lender-tag to grow its share of loans and advances by 6% to Ksh.297.2 billion to equal and surpass the average lo...

equity bank , interest caps , James Mwangi , Polycarp Igathe , The Cost of Credit in Kenya

Barclays sees more jobs under automation cloud

By Kepha Muiruri,

Barclays Bank Kenya (BBK) expects to see the creation of additional jobs to directly account for roles lost to automation, alleviating noteworthy conc...

Absa Group , automation , Barclays Bank Kenya PLC

Barclays Bank profit rises to Ksh.7.4 billion on new revenue streams

By Kepha Muiruri,

Barclays Bank Kenya (BBK) has announced a seven percent growth in profits for the year ending December 31, 2018 to close the year with a profit after...

Absa Group , Barclays Bank Kenya PLC , Jeremy Awori

KCB profits soar to Ksh.24B on easing balance sheet

By Kepha Muiruri,

The Kenya Commercial Bank (KCB) Group has announced a 22 percent growth in profits for the year ending December 31, 2018 to Ksh.24billion. This of...

KCB

Why persuasion makes the best case for driving up pension uptake

By Kepha Muiruri,

The carrot and stick metaphor is an old adage describing the combination of reward and punishment to push individuals towards a specific desired behav...

NSSF , Nzomo Mutuku , pension schemes , Retirement Benefits Authority (RBA)

Micro-lender Key seeks additional Ksh.500M capital injection

By Kepha Muiruri,

Key Micro-finance Bank, formerly Remu, is seeking for Ksh. 500 million as additional capital injection from its shareholders, this to fund its planned...

Gregory Siro , Key Micro-finance bank , Luke Kinoti , Remu Micro-finance Bank

Matiangi rolls out digitization of police records

By Hassan Mugambi,

Interior Cabinet Secretary Fred Matiangi has launched the digitization of police processes and services. The process launched at Karisa Maitha Grou...

Matiang’i , police digitization

NOCK goes digital in kit management, decries financial burden

By Moses Ngige,

The National Olympics Committee of Kenya (NOCK) has digitized the handling of Nike supplied uniforms and kits to prevent future mismanagement, a situa...

digitise kit management , Nike , NOCK , Paul Tergat , rio fiasco