East African Portland Cement cuts loss to Ksh.1 billion

By Kepha Muiruri,

Manufacturer East African Portland Cement Company (EAPC) has cut its half year loss through December 31, 2020 to Ksh.1 billion from Ksh.1.6 billion la...

East African Portland Cement (EAPC)

How to make money with Bitcoin and Cryptocurrencies 2021?

By Citizen Reporter,

Not very long ago many experts and big players in the fintech world had suggested that cryptocurrencies, including Bitcoin, would quickly disappear. T...

Equity BCDC unveils new identity in DRC

By Citizen Reporter,

Equity Banque Commercial du Congo (Equity BCDC) has launched its new identity following the successful merger of Equity Bank Congo (EBC) and Banque Co...

Equity BCDC

Understanding factors that cause stock prices to fluctuate

By Benjamin Muriuki,

Stock prices increase and decrease in value frequently, fluctuating sometimes by shocking amounts and in short periods of time. New traders or investo...

Forex Trading , stock market

Shabana, Silibwet NSL clash ends in barren stalemate

By Dan Ogega,

National Super League (NSL) side Silibwet Leons missed the chance to move into top five on the standings after their clash with giants Shabana ended i...

NSL , Shabana FC , Silibwet FC

Equity Group Holdings to merge with Banque commerciale du Congo

By Citizen Reporter,

Equity Group holdings Plc (EGH) has received regulatory approval to merge Equity Bank Congo (EBC) and BCDC to form a new bank. Going forward, the n...

Banque commerciale du Congo , Equity

Verstappen snatches pole for Abu Dhabi finale

By Reuters,

Max Verstappen denied Mercedes a final front-row lockout of the season by snatching pole position in the dying seconds of Saturday’s qualifying for ...

Abu Dhabi Grand Prix , Max Verstappen , Mercedes

Tullow meets license extension conditions

By Kepha Muiruri,

Oil explorer Tullow has affirmed its Kenyan project license extension to December 2021 following its submission and subsequent approval of a 2021 prog...

Tullow Kenya

Centum sinks into a Ksh.2 billion half-year loss

By Kepha Muiruri,

Investment firm Centum Group has sunk into a Ksh.2 billion loss in six months of operations to September 30 from a profit of Ksh.6.8 billion at the sa...

Centum Investment

Stanbic Bank Kenya announces Ksh.3.6B profit after tax

By Citizen Reporter,

Stanbic Bank Kenya has announced a Ksh. 3.6 billion after-tax profit for the period ended September 30, 2020 underpinned by solid balance sheet growth...

stanbic

Tullow re-engineers Kenyan project to fit low oil prices

By Kepha Muiruri,

Oil explorer Tullow Oil says it will deploy the 11 months left on its extended exploration license to optimize the project to fit low oil prices in th...

Tullow Oil

DTB nine months profit down 28.6 per cent on higher loans default cover

By Kepha Muiruri,

Diamond Trust Bank (DTB) has announced a 28.6 per cent profit dip to Ksh.4 billion in nine months of operations to September 30. The earnings slide...

Diamond Trust Bank (DTB)

Why the CBK isn’t losing any sleep over banks sinking profitability

By Kepha Muiruri,

Banks earnings continue to take a beating from economic disruptions occasioned by the COVID-19 pandemic. This however is merely a secondary concern fo...

Central Bank of Kenya (CBK) , Dr. Patrick Njoroge , Kenya Bankers Association (KBA)

Standard Chartered nine months profit falls by 31 per cent

By Kepha Muiruri,

Standard Chartered Bank Kenya has reported a 30.6 per cent profit decline to Ksh.4.3 billion in nine months of operations to September 30. The sign...

Standard Chartered Bank Kenya

Absa Bank nine month profit falls by 66 per cent

By Kepha Muiruri,

Absa Bank Kenya PLC has reported a 66.1 per cent profit wipe out in nine months to September to Ksh.1.9 billion from Ksh.5.6 billion last year. The...

Absa

Sidian Bank nine months profit down 90 per cent

By Kepha Muiruri,

Centum Group lending subsidiary Sidian Bank has booked a 90 per cent dip in profits across nine months to September 30 with earnings down at Ksh.8.1 m...

Centum Group , Sidian Bank

49 percent of ‘rich’ Kenyans fall behind loan repayments

By Kepha Muiruri,

Nearly half of all Kenyans with a stable financial footing have fallen behind their loan repayments revealing the extent of the economic distress in t...

COVID-19 , debt , Kenya Bankers Association (KBA)

KCB profit down 43 percent from higher loans default cover

By Kepha Muiruri,

KCB Group has reported a 43 per cent decline in profit through the first nine months of the year to September 30, 2020. The lender’s profit in the p...

BOA Kenya granted exemption to CBK ownership rules

By Kepha Muiruri,

The Bank of Africa (BOA) Kenya Limited has been exempted from the Central Bank of Kenya (CBK) ownership rules for up to five years. The exemption b...

Safaricom half-year profit falls for the first time since 2012

By Kepha Muiruri,

Leading telco operator Safaricom PLC has reported a reduced Ksh.33 billion half year profit representing a six percent slide in earnings from Ksh.35.2...

M-pesa , Peter Ndegwa , Safaricom