Ms Lucy Karuga used to face pressure from her milk suppliers who always demanded to be paid immediately they made deliveries to her dairy company. This is despite entering into an agreement with them that she would pay them...
Fuel marketer Total Kenya said on Thursday its after tax profit rose 13 per cent in 2015 to Sh. 1.6 billion, buoyed by stronger sales and cost-cutting measures.
The group, a unit of French oil major Total, said it made...
National Bank of Kenya (NBK) has swung to a full-year loss after setting aside significantly more money for bad loans, one day after sending its chief executive officer on compulsory leave.
Shockingly, in December last year, NBK announced that it...
Chase Bank has posted a net loss of Sh792 million for the full year ended December 31, 2015, compared to a profit of Sh2.35 billion posted in 2014.
Chase Bank’s total interest income declined from Sh15.1 billion to Sh13.5 billion...
Chase Bank has secured a Sh5 billion on-lending facility from African Development Bank (AfDB) for SME lending.
The credit facility will add to the Sh60 billion that the bank had pledged to lend to SMEs during the Global Entrepreneurship Summit...
The Nairobi Securities Exchange may be opening its gates to Savings and Credit Co-operatives (Saccos) in the country. This is according to Co-operative Development Permanent Secretary Ali Noor Ismail.
Speaking yesterday during the inaugural Sacco Leaders’ Convention in Nairobi, Ismail...
National Bank of Kenya has issued a profit warning saying that its 2015 profit will be at least 25 per cent lower than the previous year.
The bank has cited bad loans as the cause for dropped earnings. “NBK’s earnings...
When Shark Tank's Robert Herjavec wanted to start his own company, people discouraged him. They said he couldn’t do it. He had zero experience, he didn’t have a business degree and he knew nothing about running a business.
The headstrong...
K-Rep Bank, majority owned by investment firm Centum with a 67.5 per cent, has recorded a 27.5 per cent net profit drop in the year ended December 2015. K-Rep Bank said its net profit in the period stood at...
Until his suspension on March 29, 2015, Mr. Munir Sheikh Ahmed was the CEO of National Bank of Kenya (NBK). He had served as Managing Director at National Bank Of Kenya Ltd since June 7, 2012.
He is a career...
