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UAP, Eaagads issue first profit warnings on expected 2019 earnings
By Kepha Muiruri,
2019, November 14, 2019 (EAT)
Insurer UAP-Old Mutual and coffee grower Eaagads have become the first publicly trading firms to issue profit warning on expected 2019 earnings. In...
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KCB records Ksh.19.2 billion nine-month profit
By Kepha Muiruri,
2119, November 13, 2019 (EAT)
KCB Group has announced the posting of a Ksh.19.2 billion net profit in nine months to September 30 on the back of increased customer lending and non-...
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Equity Bank posts Ksh.17.5B nine month profit
By Kepha Muiruri,
1518, November 12, 2019 (EAT)
Equity Group has announced a Ksh. 17.5billion net profit in nine months. The period to September 30 saw increased customer lending and higher non-f...
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8 Kenyans arrested in Rwanda over Equity Bank cyber fraud attempt
By Citizen Reporter,
1006, November 1, 2019 (EAT)
The Rwanda Investigation Bureau (RIB) has arrested 8 Kenyans over alleged cyber fraud attempted on Equity Bank. Three Rwandans and 1 Ugandan were a...
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KPA, Equity shift focus to league after Zone Five heartache
By Dennis Kamariki,
1637, October 29, 2019 (EAT)
Kenya’s dominance in the Africa Women Zone Five Basketball Championship came to a screeching halt after they failed to retain their title in this ye...
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Internet users in Kenya affected as SEACOM cites outage
By Citizen Reporter,
1342, October 23, 2019 (EAT)
SEACOM has announced a major network outage affecting Kenya and South Africa. The company, that is behind the broadband submarine cable system alon...
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Royal Media Services among top 100 best companies to work for in Kenya
By Ian Omondi,
2158, October 22, 2019 (EAT)
Royal Media Services (RMS) is one of the best companies to work for in Kenya, according to a new report released on Wednesday by Brighter Monday. T...
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Equity rolls out new look for Kenyan market
By Girlie Kendi,
1256, October 4, 2019 (EAT)
Equity has announced a new look. The financial services company will now be known as Equity Group Holdings Limited. As a unified brand, its produ...
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Uchumi granted 30 days to engage banks over Ksh.2.8 billion debt
By Kepha Muiruri,
1056, September 30, 2019 (EAT)
The High Court Commercial and Tax Division has granted Uchumi an additional 30 days to engage banks over the settlement of outstanding loans advanced ...
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Equity Group doubles presence in DRC with new acquisition
By Kepha Muiruri,
1911, September 9, 2019 (EAT)
Equity Group has moved to strengthen its Democratic Republic of Congo (DRC) banking business with a new proposed purchase of a controlling stake in th...
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Rivals Quickmart, Tumaini Supermarkets set to merge
By Kepha Muiruri,
1814, September 5, 2019 (EAT)
Retail rivals Quickmart and Tumaini have commenced merger deliberations which will effectively lead to joint operations by the close of 2020. The u...
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Consolidated Bank bond holders agree to revised payment date
By Kepha Muiruri,
1543, September 5, 2019 (EAT)
Consolidated Bank bond holders have voted to side with the lender’s pushed repayment of their Ksh.1.6 billion, seven-year held maturing notes plus i...
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Equity names World Bank’s top man John Wilson as new operations chief
By Kepha Muiruri,
1322, September 2, 2019 (EAT)
Equity Group has named John Wilson as the new Chief Operations Officer (COO) replacing Bhartesh Shah who transitions to head the company’s risk mana...
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Co-op Bank’s business mix pushes half-year profit to Ksh.7.5B
By Kepha Muiruri,
1837, August 22, 2019 (EAT)
The Cooperative Group has announced a 5.6 percent jump in half-year earnings to Ksh.7.5 billion. The marginal rise in net profit which keeps touch ...
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Kamau – an unsung heroine in African athletics
By Citizen Team,
1056, August 16, 2019 (EAT)
When Kenya’s leading athletes get to the IAAF World Athletics Championships Doha 2019 in September, few will think of the logistics of how they got ...
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Equity Bank’s Finserve boss Jack Ngare moves to Microsoft
By Kepha Muiruri,
1415, August 6, 2019 (EAT)
Managing Director to Equity Group’s digital finance subsidiary Finserve Africa-Jack Ngare has ditched the lender for global tech giant Microsoft. ...
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Equity Bank appoints Gerald Warui as new MD to replace Polycarp Igathe
By Ian Omondi,
1656, August 5, 2019 (EAT)
Equity Bank Kenya has appointed a new Managing Director to replace Polycarp Igathe who has since resigned to join his previous employer, Vivo, on a re...
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Renationalization unlikely to fly Kenya Airways back to profit
By Reuters,
2120, August 1, 2019 (EAT)
By taking back full control of Kenya Airways, lawmakers are banking on Kenya’s ability to replicate the profitable example of Ethiopia’s state-own...
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Equity Bank half year net profit hits Ksh.12 billion
By Kepha Muiruri,
2042, August 1, 2019 (EAT)
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...
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Kenya Lionesses out to emulate Morans in FIBA Afro Basket
By Stephen Kiprop,
1528, July 31, 2019 (EAT)
The national ladies basketball team Lionesses will face-off with Mozambique and Cape Verde in a fair looking Group D of the FIBA women Afro Basket tou...
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