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CIC Insurance Group Plc 2022 Half Year Performance

CIC Insurance Group Plc is pleased to report a Profit Before Tax of Kshs. 464 Million for the half year to 30th June 2022 compared to Profit Before Tax of Kshs. 337 Million for the six months ended 30th...

NBK Secures USD 10 Million Commitment from WaterEquity, to Extend Credit to the WASH Sector

National Bank of Kenya (NBK) has today announced its partnership with global asset manager WaterEquity to enhance financing to public and private water utility companies and micro, small, and medium-sized enterprises (MSMEs) boosting the KShs. 5 Billion NBK Majikonnect program...

National Oil Corporation of Kenya to host the 2022 East Africa Energy, Oil & Gas Summit as EAOGS in Nairobi

The National Oil Corporation of Kenya (NOC Kenya) will host the 7th edition of the East Africa Energy, Oil & Gas Summit & Exhibition (EAOGS), the leading event for the region, which will take place from 15-17 November at...

Fresh Kenyan Avocados sold at the largest fruit market in East China

Kenya-grown fresh avocado fruits sourced from listed agribusiness firm Kakuzi Plc hit the largest fresh fruit wholesale market in East China this morning. The premium fruits which arrived in Shanghai, China, Sunday evening were stocked at the Shanghai Huizhan Fruit and...

Launch of the Kenyan Banking Sector Total Tax Contribution study by PwC and KBA

PwC Kenya in partnership with the Kenya Bankers Association (“KBA”) has today released the 2021 Total Tax Contribution (“TTC”) study of the Kenya Banking Sector. The TTC study was produced by PwC on behalf of KBA. PwC’s TTC methodology discloses...

Roam Electric partners with Kengra Logistics Ltd to unveil next-generation electric motorcycle

Roam Electric Vehicle Manufacturer of Sweden has partnered with Kitale-based Kengra Logistics Limited to unveil next-generation electric motorcycle technology in Western Kenya. With the increased fuel prices in the country, the introduction of electric technology will help reduce fuel consumption...

Banks are pivotal in the resilience and recovery of MSMEs from pandemic, climate, and global conflict shocks

Last month, the world celebrated the 5th anniversary of Micro, Small, and Medium-sized Enterprises Day - MSME Day - with a focus on the need to raise awareness of the tremendous contributions of micro, small, and medium-sized enterprises to...

KCB Group Plc to Acquire DRC-Based Lender Trust Merchant Bank (TMB)

KCB Group Plc has entered into a definitive agreement with shareholders of TMB to acquire a  majority stake in the Democratic Republic of Congo (DRC)-based lender.  The transaction is expected to close by the end of the third quarter of...

NCBA feted as the preferred bank in Asset Finance

NCBA Bank has, for the third time in a row, been recognized as the preferred bank in asset finance in the banking category at the Transport & Logistics Excellence Awards held at Panari Hotel, Nairobi County on Friday. The Transport...

Safaricom unveils ‘Tuinuane’ Brand Campaign.

Safaricom (NSE: SCOM) has today unveiled a new brand campaign dubbed “Tuinuane” that is aimed at encouraging Kenyans to uplift one another In the spirit of “Tuinuane”, Safaricom intends to empower communities, give students easy and simple access to learning...

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Africa’s capital markets showing signs of renewed momentum

Kenyan beverages giant East African Breweries recently refinanced an existing Sh11 billion corporate bond through a medium-term note priced...
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