Browsing: Kenya

GuarantCo, a member of the Private Infrastructure Development Group (PIDG), and the Kenyan bank SBM Bank have granted financing of…

Africa50, an infrastructure investment platform in Africa and Power Grid Corporation of India, an Indian state-owned power generation company, signed…

Kenya mortgage finance specialist HF Group has released its financial results for the third quarter ended September 30, 2021. It…

Kenyan banking group KCB has announced its intention to acquire, next year, a 24% stake held by minority investors in…

Co-operative Bank of Kenya posted net profit up 18.9 percent to 12 billion shillings (107 million USD) in the first…

Safaricom achieved net profit up 12.1% to 37.05 billion shillings (332 million USD) in the first nine months of the…

Equity Bank Kenya Limited announced on Monday (November 8th) its intention to buy Britam’s stake in HF Group, a mortgage…

Centum Investment Group announced at the end of last week that it is in negotiations to acquire three companies based…

The Co-operative Bank’s net profit was 7.4 billion shillings (68 million USD) in the first half of 2021, an increase…

Equitel, a mobile network operator in Kenya, rolled out its fourth generation (4G) network on August 12, 2021. This initiative…

CIC Insurance Group Plc, a Kenyan insurance group, recently published its financial results for the first half of 2021. After…

After a recession in 2020, the first for 25 years, Africa is expected to register 3.2% growth in 2021. British…

Shelter-Afrique received US $ 9.2 million (KES 1 billion) from the Government of Kenya as additional capital subscription, solidifying the…

Kingdom Bank announced on Thursday (June 10th) that it expects to post a pre-tax profit of at least 300 million…

Kenya Airways (KQ) announced Tuesday, June 8, that it had chosen a British consulting firm, Steer Group, to develop its…

Telecom operator Safaricom said on Monday (June 7) that it plans to write off a debt of 1.5 billion shillings…

NAIROBI, Kenya, 1 June 2021  – Adenia Partners, a private equity firm investing in Africa, today announced it has completed the…

KCB Group Plc announced on May 26, 2021 that it recorded 1.8% profit growth for the first three months of…

Cameroon’s Minister of Housing and Urban Development, Ms. Célestine Ketcha Courtès, will assume the presidency of the AGM Bureau during…

Equity Group on Wednesday (May 26th) reported net income up 64% to 8.7 billion shillings (81 million USD), thanks to…

Standard Chartered Bank Kenya announced on Monday, May 24, that it posted net income up 18.9 percent to 2.39 billion…

As of March 31, 2021, Absa Bank’s net profit stood at 2.42 billion shillings (22 million USD), up 23.7% from…

Co-operative Bank of Kenya announced on Wednesday (May 19th) that its net profit was 3.46 billion shillings (32 million USD)…

The Central Bank of Kenya (CBK) tasked the Kenya Deposit Insurance Corporation with liquidating the Charterhouse Bank (CHB), 15 years…

Allianz is now the majority shareholder of Jubilee General Insurance Limited in Kenya following the acquisition of a 66% stake…

Kenyan insurer Britam Holdings has decided to make further acquisitions in Africa as part of its growth strategy, internal sources…

Insurance group Britam Holdings is set to lay off at least 130 employees, mainly in its operations in Kenya. This…

Bolloré Transport & Logistics has been recertified as a Regional Authorized Economic Operator (AEO) in East Africa. The certification, which…

Insurance group Britam Holdings has appointed Mohamed Said Karama as interim Chairman of the Board of Directors (PCA) to replace…

Shaken by the effects of the Coronavirus, the profits before taxes (BAI) of Kenyan banks fell drastically over the 11…