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Family Bank acquires 1.95B for Onward lending to SMEs and the education sector

Family Bank has secured a total of Ksh. 1.95 billion, USD 17 million, from BlueOrchard Finance Ltd (BlueOrchard) managed funds to extend to the Small and Medium-Sized Enterprises (SMEs) and to support the education sector. The funding will be used for onward...

NBK Q1 2022 profit after tax up 72% to KShs. 395 million

National Bank of Kenya (NBK) has recorded a profit after tax of KShs. 395 million for the quarter ending March 31, 2022. This was an increase of 72% compared to KShs. 229 million that the bank posted during a...

Eliud Kipchoge and Faith Kipyegon join global campaign in the fight against malaria

Eliud Kipchoge and Faith Kipyegon join a stellar cast of international changemakers to turn up the pressure in the fight against malaria today, launching the second chapter of the multi-award-winning Draw the Line Against Malaria global campaign. Backed by the RBM Partnership...

Kenya Gazettes ICT inclusivity Products and Services For Persons with Disabilities

The Kenya Bureau of Standards (KEBS) in partnership with inABLE will launch the first-ever Kenya Standards (KS 2952-1:2022 Kenya Standard — Accessibility-ICT products and services — Part 1-Requirements, First Edition and KS 2952-2:2022 Kenya Standard — Accessibility-ICT products and services — Part...

Absa Bank Kenya PLC records profit after tax to Kshs.3.0 billion in Q1 2022

Absa Bank Kenya PLC has today reported a Profit after Tax of Kshs.3billion for the quarter ending 31 March 2022, a growth of 22% compared to a similar period last year.  The Bank reported that all its business units remained...

KCB Group Plc Q1 2022 Profit after Tax Surges to KShs.9.9B

KCB Group PLC's profit after tax surged 54.6% to KShs. 9.9 billion in the three months ending March 2022. This rise from KShs. 6.4 billion a similar period last year was boosted by growth in total income and reduction...

Startimes enhance content offering

Pay Television Company StarTimes Media has today announced revamped content offering across its local and Bollywood content giving viewers a wider variety across its entertainment content genre at the same most affordable monthly subscription costs across its terrestrial and...

Boost for restaurants as Pesapal reserveport enables direct online ordering

Pesapal has optimized Reserveport, its online payment acceptance solution for hotels and restaurants, to enable customers to make direct orders, creating a seamless online ordering experience for customers and restaurant staff.  Under this arrangement, Pesapal has integrated with Uber Eats...

KEMSA to collect more than Kshs 2billion owed by counties

The Kenya Medical Supplies Authority (KEMSA) is on course to collect more than Kshs 2.7 Billion owed by County governments as part of a stakeholder engagement-focused credit management strategy. Under the new KEMSA Credit management strategy, the authority has set...

ABSA Bank Kenya Customers to access Kenswitch ATMs in new partnership deal

Kenswitch Kenya Limited and Absa Bank Kenya Plc have formed a partnership that will allow the bank's customers to access over 2200 ATMs on the Kenswitch network, thereby increasing access to banking services. Under the partnership, over 10 million Kenswitch...

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Business fraternity mourns death of Easy Coach founder Azym Dossa

Renowned bus company Easy Coach has announced the passing of its founding director and former Managing Director, Azym Dossa. In...
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