Equity Group Unveils 2023 Sustainability Report
Equity Group has unveiled its third annual sustainability report for the year 2023, themed “A sustainable world is a transformed Africa.” The theme emphasizes the crucial impact that global sustainability practices can have on transforming Africa, a challenge that Equity Group has committed to actively pursue. Speaking at the unveiling ceremony held today, Equity Group […]
Get to Know Qimiao Fan: The New World Bank Country Director for Kenya, Rwanda, Somalia and Uganda
Qimiao Fan has been appointed as the World Bank’s new country director for Kenya, Rwanda, Somalia, and Uganda, succeeding Keith Hansen, who served in this role since 2020. Mr. Fan is set to lead the execution of sector and project initiatives in these countries, working closely with the World Bank’s regional vice president and local […]
DTB Group Records Ksh 4.34 bn in Profits in H1 2024
DTB Group posted a net profit of Ksh 4.34 billion for H1 2024, marking an 8.55 percent addition from the Ksh 4 billion posted during the first six months of 2023. This growth was fueled by the group’s net earnings, which rose to Ksh 20.6 billion from Ksh 18.7 billion in 2023. The group’s net […]
Absa Bank Kenya Profits Rise to Ksh 10.7 billion in H1 2024
Absa Bank Kenya posted Ksh 10.7 billion in profits after tax during H1 2024, reflecting a 28.9 percent increase compared to Ksh 8.3 billion in the same period of the previous year. This comes despite the difficult economic conditions experienced during the first half of 2024, which were characterized by a weakening shilling, nationwide floods, […]
I&M Group Records Ksh 6.1bn Profit for H1 2024
I&M Group posted a profit after tax of Ksh 6.1 billion for the first six months of 2024, reflecting a 21.1% rise from the Ksh 5 billion recorded in the same period of 2023. “We are pleased to record an impressive growth of 21% in Profit before Tax in our first half of the year. Our […]
NCBA Profits Reach Ksh 9.8 bn in First Half of 2024
NCBA Group reported a post-tax profit of Ksh 9.8 billion for the first half of 2024, a 5.0 percent growth compared to the first six months of 2023. This performance was achieved despite a tough economic environment, characterized by nationwide floods, a weakening shilling, and protests led by the Gen Z. “We are pleased to […]
KCB Bank Profits Rise by 86 percent for H1 2024
KCB Bank reported a profit of KSh 29.9 billion for the first half of 2024, reflecting an 86% rise from the KSh 16.1 billion recorded during the first six months of 2023. This growth occurred despite a difficult economic environment marked by nationwide protests by Gen Z, a weakening shilling, and widespread flooding. “We delivered […]
KCB Bank Emphasizes Commitment to Climate Action and Development in 2023 Sustainability Report
The 2023 KCB Sustainability Report has highlighted KCB’s commitment to climate action and sustainable development, with a substantial investment in environmental initiatives and social programs from the past year. Paul Russo, CEO of KCB, stated, “We are increasing focus on sustainability and environmental responsibility. We are proud to announce the release of the first assured report, […]
How to Easily Apply for an M-Shwari Loan
M-Shwari is a financial service that integrates savings and loan facilities for M-PESA and NCBA users, offering a simple and accessible way to manage their finances. With M-Shwari, you can begin saving with just Kshs. 1, and these savings can earn interest rates of up to 6.3% per annum. Additionally, M-Shwari provides loans starting from […]
African Development Bank Grants $5.94 Million to the Comoros
The African Development Bank Group’s Board of Directors has sanctioned a $5.94 million grant for the Comoros, aimed at advancing financial governance reforms and improving the nation’s electricity infrastructure. Approved on July 19, 2024, the funds will be allocated to the Energy Sector Reform and Financial Governance Support Programme. This initiative falls under the Transition […]