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Bizna Reporter

NCBA Group to start digital banking services in Ghana in 2025

NCBA Group is set to grow its continental reach by launching digital banking services in Ghana. The bank estimates that it will start offering banking services in Ghana sometime in 2025. This has been announced by the NCBA Group...

More Ethiopian nationals than Kenyans get naturalized US Citizenship, PR visas

More Ethiopians than Kenyans are granted US permanent residency status every year, latest data has shown. At the same time, more Ethiopians than Kenyans gain naturalized US citizenship. Data from the Migration Policy Institute shows that between 2004 and 2022,...

Mwangi: I’m bisexual and will get killed in Kenya if you deport me from Canada

A Kenyan national who is set to be deported from Canada on August 25, 2024 has claimed that he is bisexual and might be executed if he is deported back to Kenya. Charles Mwangi says that he moved to...

NCBA Group posts Sh. 9.8bn half year net profit, to pay Sh. 2.25 interim dividend

NCBA Group has announced a net profit of Sh. 9.8 billion for the half year period ended June 30, 2024. This profit represented a growth of 5 per cent from the Sh. 9.3 billion net profit that was recorded...

I&M Bank shares rise 66% in one day after half year net profit hits Sh. 5.6 billion

I&M Bank shares on Tuesday August 21, 2024 were the biggest gainers at the Nairobi Securities Exchange with a historical appreciation of 66.26 per cent in a single trading day. The bank's share price increased from the closing price of...

KCB posts Sh. 29.9 billion half year net profit; to pay Sh. 1.50 interim dividend

KCB Group has announced a half year net profit of Sh. 29.9 billion for the period ended June 30, 2024. This was a growth of 86.4 per cent from the Sh. 16.1 billion that was reported in the same...

Kenya to pay German firm G+D Sh. 14.2 billion to print new money

The Central Bank of Kenya has announced that the country will pay German firm Giesecke+Devrient Currency Technologies (G+D) Sh. 14.2 billion to print new money that will replace current old notes. This has been announced by the CBK Governor Kamau...

Bidco acquires company that owns Ribena and Lucozade in multi-million deal

Bidco Africa Group has acquired the manufacturers of the popular drinks Ribena and Lucozade in a deal that is estimated to be worth millions. Bidco has made the acquisition through its joint venture with the Danish company known as...

Breakdown of nearly Sh. 200 million salary Paul Russo earns as KCB Group CEO

KCB Bank Group chief executive officer Paul Russo is one of Kenya's highest paid executives. Latest salary earnings show that Mr. Russo took home an annual gross pay of Sh. 177.6 million last year. This was however a dip from...

KCB fires 22 employees over fraud, blocks fraud attempts on Sh. 362.7 million

KCB Group has announced that it fired 22 employees over fraud. These occurred in the financial year ended December 2023. The sackings were a sharp increase of up 175 per cent from the 8 employees that were sacked in...

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