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Standard chartered first quarter 2022 results

Standard Chartered Bank Kenya Limited releases its results for the quarter ended 31 March 2022. Kariuki Ngari, Chief Executive Officer, said: “Our first-quarter performance was strong despite volatile and challenging market conditions. Our profit before tax grew 16% year-on-year with strong...

Equity group returns to growth

As the global economy continues to recover from the COVID-19 pandemic crisis, Equity Group has eased its defensive strategy that had been deployed during the economic uncertainty and returned to its growth strategy. The defensive strategy involved internally generated cash...

Absa Bank Kenya, Kenya Medical Association partners to roll out new proposition for medical practitioners

Absa Bank Kenya has today introduced a new doctor’s customer value proposition that will benefit 10,000 medical practitioners affiliated with Kenya Medical Association (KMA). Under this partnership, medical practitioners will receive Absa prepaid multi-currency smartcards that double as both membership...

Safaricom Foundation Donates Boat Ambulance for Lamu Residents

Safaricom Foundation has donated a KES 9.5 million boat ambulance to King Fahad Referral Hospital in Lamu County to help deal with medical emergencies. The boat ambulance will impact over 150,000 people by linking patients from Faza and Mpeketoni Sub-County...

Jumia shares first Environmental Social Governance report on current sustainability practices

Jumia (NYSE: JMIA) released today its first Environmental Social Governance Report outlining its ESG strategy alongside an overview of current sustainability practices at Jumia. The report draws on Jumia’s 2021 non-financial data and provides disclosures in line with Sustainability Accounting...

NBK Boss roots for IT systems to manage supply losses by water companies

Public utility solution providers have been implored to adopt information technology systems to plug supply losses. Speaking during the second edition of the Non-Revenue Water (NRW) Management Symposium being hosted by the Kenya Water Institute (KEWI) and themed ‘Closing the Last...

iGaming in Kenya: How Did the Industry Evolve in the Past Years

It is not surprising to hear that the iGaming market is exploding in entire Africa. A big number of operators have decided to invest in the market of this continent. The same trend hasn’t skipped Kenya at all. The...

Sendy recognized as a Technology Pioneer by the World Economic Forum

Sendy, a tech company that builds fulfillment infrastructure for e-commerce and consumer brands have been recognized as one of the World Economic Forum’s “Technology Pioneer” for 2022. The World Economic Forum announced its selection of the 100 most promising Technology...

Equity Group, IFC expand partnership to support small business and climate-smart projects

Equity Group and the International Finance Corporation (IFC) have signed a partnership agreement in support of the sustainable development of Africa through supporting micro, small business, and medium-sized businesses (MSMEs) from all sectors of the economy including climate-smart businesses. The...

Capital markets authority gives nod for transcentury rights issue

The Capital Markets Authority (CMA) has approved TransCentury Plc (“TC”) to undertake a rights issue The rights will be issued based on five (5) new ordinary shares for every one (1) existing share as approved in the last shareholder...

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