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James Oundo

Co-op Bank’s net profit rises to Sh. 6.6 billion in first three months of 2024

The Co-operative Bank had announced a net profit of Sh. 6.58 billion in the first three months of the current 2024 financial year. This represents a profit growth of 7.7 per cent compared to the Sh. 6.11 that the bank...

Eliud Kipchoge caught up in married couple’s Sh. 100 million property fight

Kenya's most prominent marathon runner of all time Eliud Kipchoge has been dragged to court over a multi-million property dispute. Kipchoge has been dragged to court together with three others over the ownership of a property valued at Sh. 100...

Co-op Bank to lend Sh. 3.32 billion to women-owned SMEs across Kenya

The Co-operative Bank is set to start funding small and medium enterprises that are owned by women. This is after the bank received Sh. 3.32 billion long term loan for onward lending to this category of small and medium...

Equity Group announces Sh. 16 billion net profit in first three months of 2024

Equity Group Holdings has announced a 25 per cent jump in net profit  for the first three months of the year. This growth has translated into a net profit of Sh. 16 billion for the period ended 31st March...

Equity beats Safaricom to become Kenya’s most valuable brand

The Equity Bank Group has been named Kenya's most valuable brand. This recognition has seen Equity take over the top position that was previously held by telecommunications giant Safaricom. The bank was named as the top brand in Kenya by...

Kenyans to pay 16% VAT on cheque processing, forex transactions

The 2024 Finance Bill has raised a storm by proposing a series of controversial taxes that have left Kenyans puzzled. Among the proposed taxes is a new 16% VAT on cheque processing and forex transactions. In the proposed bill, the...

Stanbic Bank announces Sh. 3.9 billion net profit in Q1

The Stanbic Bank has announced a marginal profit growth of 2.8 per cent in the first quarter of 2024. The bank has become the first mainstream lender to release the financial results for the first three months of the...

Jumia Kenya appoints Vinod Goel as regional CEO for Kenya and Uganda

Jumia Kenya has announced the appointment of Vinod Goel, as Regional guest executive officer East Africa. Vinod will manage both Kenya and Uganda as the direct chief executive officer. He takes over the mantle from Charles Ballard for Kenya...

Intern doctors left hanging as KMPDU ends 56-day doctors’ strike

The Kenya Medical Practitioners Pharmacists and Dentists Union (KMPDU) has ended its nationwide strike. The strike, which was initiated and primarily promoted as a protest against the government's refusal to post and properly pay intern doctors, has ended after...

Equity Group: Growth of East and Central Africa’s best financier of small businesses

When the story of the African banking revolution is told, the Equity Bank  will take the prestigious honour of the bank that refused to quack like a duck and soared like an eagle. Like an eagle’s precision, strategy, boldness and...

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