East Africa
KCB’s net profit for half year 2021 doubles
Regional bank Kenya Commercial Bank has doubled its profit after tax for the period ended June 2021. In a statement,...
Equity Group records 98pc growth in its 1H21 profit
Regional bank Equity Group Holdings has announced a 98 percent growth in half year profits to Sh17.9 billion up from...
Nairobi, Mombasa hotels post improved performance in July
A new report by the Central Bank of Kenya has revealed that bed occupancy in some Kenyan hotels increased to...
Virus still a threat to paints market in Kenya: Expert
The coronavirus pandemic continues to have devastating effects on key markets in the Kenyan economy, among them paints and coatings....
Uber Rival Bolt raises $713mn in fresh funding
Ride-hailing firm Bolt has raised $713 million in fresh funding. In a statement, the European firm says it will use...
Kenya’s construction industry to grow by 3.9pc if economy improves
Kenya’s construction industry is projected to grow by up to 3.9 percent this year, according to a new report by...
No more visas for South Sudan nationals travelling to Kenya
Kenya has been lauded for its decision to waive the requirement of obtaining a visa to enter the country by...
Kenya’s inflation stable against COVID-19 shock and impacts
Kenya’s inflation is expected to remain well anchored within the target range, against the backdrop of COVID-19 shock and its...
Kenya’s top 10 banks dominate loans, deposits during COVID year
The top 10 banks in 2020 in Kenya accounted for 77.7 percent of industry assets, 80.7 percent of loans and...
Growth of pension assets in Kenya slows down
The slow growth in the retirement benefits assets in Kenya in the second half of 2020 has been attributed to...
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