National Bank of Kenya (NBK) reported KShs. 729 million profits after tax in H1 results compared to KShs. 765 million over a similar period in 2021.
Whereas the Bank reported remarkable growth in total operating income at 13%, operating costs...
KCB Group PLC reported net earnings of KShs.19.6 billion for the six months ending June 30, 2022, a 28.4% rise from last year.
The growth from KShs.15.3 billion was driven by improvement in both the funded and non-funded income streams. Additionally, the international subsidiaries increased their overall contribution to the Group’s performance.
Total operating income increased by 16.8% mainly driven by a 29.9% growth in Non- Funded Income. Group businesses increased their profit contribution to 16.8% driven by new business growth and the impact of BPR Bank.
GCEO Commentary
“We delivered solid results,...
Equity Group's half-year results continue to reflect a sustained digital transformation with 99% of all customer transactions now happening outside the branch network. “Covid-19 acted as a tailwind to our efforts of digitizing our business,” said Dr. James Mwangi,...
The Black Apron Chefs hosted an exclusive viewing party of their episode in the Guinness Black Shines Brightest Stories at the Monk Restaurant, Nairobi
The two Chefs, Pischler Munyasia and Kiai Mwaniki treated their guests to an evening of fun,...
Today, Meta announced that applications for the AR/VR Africa Metathon in partnership with Imisi 3D and BlackRhino VR are now open. The AR/VR Africa Metathon is a series of programs and activations under the Meta global XR fund aimed...
LG Electronics has rolled out its environment-conscious bottom freezer refrigerator that offers a 10 percent reduction in annual energy consumption helping consumers to shrink their household energy footprint and save on electricity bills.
Unveiled at the ongoing IFA 2022, the...
Kenya Orient Life Assurance has joined in to support the Rotary District 9212 free pediatric heart project which seeks to provide free surgery to over 200 children with heart defects every year.
Through sponsorship of KES. 100,000, the life assurance provider...
Listed agribusiness firm Kakuzi PLC has posted a Kshs 494.7 million pretax profit in its half-year results announced today.
Buoyed by increased sales, particularly against the firm's strategic Avocado and Macadamia crops and steadily growing revenues from its market and...
LG Electronics (LG) has unveiled its new WashTower™ Compact laundry solution at IFA 2022. The new shower is a fully integrated two-in-one that combines a separate washer and dryer, an all-in-one control panel, and advanced AI in a single,...
Visa Inc. (NYSE: V), the leading global payments technology company, has outlined its commitment to expanding digital payments in the Democratic Republic of Congo by establishing local business operations and working closely with the government and financial ecosystem to bring...
