James Oundo

KCB, NBK customers to share branch banking services

Customers of the National Bank of Kenya (NBK) and KCB Group are set to start accessing banking services in either of the two banks' branches. This has been revealed by KCB Group chief executive officer Paul Russo. The new interbank...

KCB Group makes Sh. 30.7bn net profit in 9 months. Deposits hit Sh. 1.7 trillion

The KCB Bank Group has announced a net profit if Sh. 30.7 billion for the nine-month ended September 30 2023. This net profit represented a marginal growth from the Sh. 30.6 billion net profit that the bank realized in...

Co-op Bank wins overall prize, sweeps all prizes in Sustainable Finance awards

The Co-operative Bank has been named as the overall winner in the Sustainable Finance Catalyst Awards 2023. This year's awards victory marked the fourth time in six years that Co-op Bank has won the prestigious awards. "These Kenya Banker’s Association awards...

Safaricom makes Sh. 34.2 billion net profit in 6 months

Leading telecommunications firm Safaricom had announced that it made a Sh. 34.2 billion net profit in the half year ended September 2023. This profit was 2.1 per cent higher than the profit that was made in the same period the...

How to ask for a salary raise and actually get it

How to ask for a raise and actually get it: You have to ask for the pay you deserve in order to get it. No one will notice that you’re nice and give you a raise. To guide you...

Kenyans have saved over Sh. 1.7 trillion in banks’ current accounts

Kenyans have saved over Sh. 1.7 trillion in bank current accounts. This is according to the latest date by the Central Bank of Kenya (CBK). The data shows that savings in current accounts in the first seven months of 2023...

Kenya Power in Sh. 3.19 billion full year net loss

Kenya Power has announced a Sh. 3.19 billion full year net loss for the period ended June 2023. This is a huge crash from the Sh. 3.26 billion net loss the company posted in the previous full year. Kenya Power blamed...

Tanzania overtakes Kenya as best place to invest in the region

Tanzania has overtaken Kenya as the best place to invest for the next two years in the region. This is according to a survey by the auditing and advisory firm KPMG. The survey was on 150 C-suite level and senior...

Absa Bank increases Timiza limit to Sh. 250,000

The Absa Bank Kenya has increased the transaction limit on its Timiza mobile wallet from Sh. 150,000 to Sh. 250,000. The increase on Timiza limit comes hot in the heels of similar transaction limit increases by Safaricom and Airtel Kenya. According...

Catalytic converter theft on the rise. How your car will be affected if stolen

Catalytic Converter Theft: An important point to note is that, what is stolen from the exhaust pipe is the Catalytic Converter and not the muffler. The muffler is a different part of the exhaust. So what is a catalytic converter? Well,...

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Households risk jail, Sh50,000 fine for paying house helps less than Sh18,000

Households and other employers who underpay domestic workers risk prosecution, including fines of up to Sh50,000, the government has...