The main source of a bank’s non-interest income is from foreign currency trading, revealing how lenders are benefiting from the ongoing dollar shortage. Forex trading accounts...
If the Cabinet approves a restructuring plan that includes financial bailouts from the Treasury, it will take at least three years for the Kenya Broadcasting Corporation...
The single market trade hub has been launched by the Pan-African banking group Ecobank as part of its goal to promote intra-African trade. A digital platform called...
In an effort to relieve some of the pressure associated with paying the $2.0 billion (Sh277.6 billion) Eurobond due next year, the government has shortlisted four...
Sanlam General Insurance has pledged its shares as collateral for a Sh1 billion loan it obtained from a Sanlam Limited subsidiary. In an agreement that could...
Kenya has postponed the Central Bank Digital Currency’s adoption because it believes alternative cutting-edge solutions may be able to continue to address the existing payment-related problems....
Development financier Kenya Development Corporation (KDC) claims that due to maturity, it is withdrawing from a number of the country’s top projects. Small and medium-sized enterprises (SMEs),...
In the three months that ended in March, Absa Bank Kenya posted an increase in profit after tax of 51% to Sh4.5 billion, helped by expansion...
DTB Group reported a 10.9 percent increase in earnings in the first quarter ended March, aided by higher lending and transaction income. The bank’s net profit...
Owing to a loan loss provision, I&M Group PLC’s first-quarter profit after tax for the three months ending in March remained unchanged at Sh2.5 billion. A...