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IMF asks Kenya to limit support to struggling State corporations
By Kepha Muiruri,
1658, April 7, 2021 (EAT)
The International Monetary Fund (IMF) has asked the National Treasury to limit its support to struggling State owned enterprises (SOEs) as part of new...
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Chile’s government distributed faulty birth control pills. Now more than 150 people are pregnant.
By CNN,
2245, April 6, 2021 (EAT)
In Chile's arid Atacama desert, Tabita Daza Rojas is trying to scrape together enough money to finish construction on her home before her baby, due an...
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Supreme Court hands Google a victory in multibillion-dollar case against Oracle
By CNN,
2009, April 5, 2021 (EAT)
The Supreme Court has handed Google a win in a decade-old case in software development, holding that the technology giant did not commit copyright in...
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OPINION: What working from home means for women amid pandemic
By Guest Writer,
1132, April 3, 2021 (EAT)
By Rachael Onyango The global pandemic accelerated adoption of technology, that spurred remote working. With the rise of COVID-19 cases, containmen...
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OPINION: GBV survivors and those at risk should be considered when setting up policies for social protection
By Rachel Ombaka,
2103, March 30, 2021 (EAT)
The third wave of COVID-19 has hit Kenyans hard with the effects of the pandemic getting worse by the day. Ministry of Health officials recently so...
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Family Bank Group registers Ksh.1.4B in profit for 2020
By Citizen Reporter,
1109, March 30, 2021 (EAT)
Family Bank posted Ksh. 1.440billion profit before tax for the group for the full year 2020 against Ksh. 1.422billion in 2019. A statement from the...
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NSE profits double on cost cutting
By Kepha Muiruri,
1614, March 29, 2021 (EAT)
The Nairobi Securities Exchange (NSE) has seen its 2020 full year profits double to Ksh.167.9 million from Ksh.80.2 million. The significant profit...
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Equity full-year profit falls by 12 per cent to Ksh.19.8 billion
By Kepha Muiruri,
1152, March 29, 2021 (EAT)
Equity Group has reported an 11.6 per cent decline in 2020 full-year earnings with profit down at Ksh.19.8 billion from Ksh.22.4 billion in 2019. T...
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NCBA Bank 2020 profit down 41 per cent to Ksh.4.6 billion
By Kepha Muiruri,
1147, March 29, 2021 (EAT)
NCBA bank has reported a 41 per cent decline in profits covering the year ended in December 2020 to Ksh.4.6 billion from Ksh.7.8 billion in 2019. T...
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DTB full-year profit down 53 per cent to Ksh.3.2 billion
By Kepha Muiruri,
1737, March 26, 2021 (EAT)
The Diamond Trust Bank (DTB) has announced a 52.9 per cent decline in full-year profit covering the period ending December 2020 with earnings falling ...
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Standard Chartered full-year profit falls by 34 per cent to Ksh.5.4 billion
By Kepha Muiruri,
1644, March 25, 2021 (EAT)
Standard Chartered Bank has reported a 34.1 per cent profit decline for the year closing in December 2020 with earnings plunging to Ksh.5.4 billion fr...
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Absa full year profit falls by 44pc to Ksh.4.2B
By Kepha Muiruri,
1842, March 23, 2021 (EAT)
Absa Bank Kenya has reported a 44 per cent decline in profit after tax for the year ended in December 2020 to Ksh.4.2 billion. The lender’s signi...
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Co-operative Bank 2020 profit falls by 25 per cent to Ksh.10.8 billion
By Kepha Muiruri,
1355, March 18, 2021 (EAT)
The Co-operative Bank of Kenya has announced a 24.5 per cent dip in full-year earnings to December 2020 with earnings plunging to Ksh.10.8 billion fro...
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KCB full-year profit falls by 22 per cent to Ksh.19.6 billion
By Kepha Muiruri,
924, March 18, 2021 (EAT)
Lender KCB has disclosed a 22.2 per cent profit dip for the year ending in December 2020 with earnings falling to Ksh.19.6 billion from Ksh. 25.2 bill...
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Standard Bank sees Africa opportunities beyond crisis
By Reuters,
1126, March 12, 2021 (EAT)
The lender, which forecast a multi-year, non-linear recovery in its home market, South Africa, said possible problems with vaccine rollout and the thr...
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Another Rothschild’s giraffe floated to safety from flooded island
By Citizen Reporter,
616, March 10, 2021 (EAT)
Partners of Save Giraffes Now floated another endangered Rothschild’s giraffe to safety from a flooded island on Lake Baringo. Also Read: Kenya ...
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Stanbic full year profit falls by 19% to Ksh.5.2 billion
By Kepha Muiruri,
932, March 5, 2021 (EAT)
Stanbic Holdings Plc has announced an 18.7 per cent dip in profit after tax with earnings for the year ending in December 2020 falling to Ksh.5.2 bill...
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Kenyan private sector firms cut employee salaries further
By Kepha Muiruri,
1427, March 3, 2021 (EAT)
Kenyan private sector firms have continued to trim employee salaries further as the demand for goods and services staggers. Also Read: Pain for Ken...
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Gov’t tax relief cuts Kenya Power full year loss to Ksh.939M
By Kepha Muiruri,
1620, February 26, 2021 (EAT)
Kenya Power full year loss contracted from an initial Ksh.2.98 billion to Ksh.939 million from tax credits earned from the relief on corporation tax p...
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KenGen half year profit down by 38 per cent to Ksh.5.1 billion
By Kepha Muiruri,
1023, February 26, 2021 (EAT)
Electricity generating firm KenGen has reported a 37.8 per cent profit decline in six months of operations to December 31, 2020 with earnings falling ...
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