In February, wealthy Kenyans and businesses’ cash reserves almost reached $1 trillion due to a severe shortage that prevented the purchase of essential raw materials from...
The Nairobi Securities Exchange (NSE) saw a steady decline in foreign investor participation to a record low of 30.1 percent in March, trading shares worth Sh19.5...
In order to increase its share of profits made outside of Kenya, Equity Group paid Sh9.24 billion for an additional 6.6 percent stake in its subsidiary...
Insurers’ gross premiums from motor underwriting increased by 14.1 percent in 2022 to Sh53.9 billion as premium costs rose to cover losses in the insurance class....
As a result of low property valuations caused by the challenging economic climate, banks are turning to repeat auctions to expedite the sale of seized vehicles,...
The division of responsibilities between KCB Capital and NatBank Trustee and Investment Services Limited has been completed by KCB Group. Since then, KCB Capital has changed...
Despite declaring all-time high dividend distributions to shareholders, the nine Kenyan banks listed on the Nairobi Securities Exchange (NSE) retained a record Sh105.3 billion of their...
In the fiscal year ended December 31, NCBA Group invested an additional Sh3.47 billion in its regional subsidiaries in order to increase its share of profits...
Old Mutual Holdings has issued a profit warning for the fiscal year ending December 2022, citing the write-off of deferred tax assets as the reason. The...
Kenyan and East African CEOs are among the most optimistic in the world, according to a global survey, with the majority more confident in their countries’...