Market News


Our East African operations will not be affected – OLD Mutual CEO

The Kenyan subsidiary under the financial services group, Old Mutual, has said its operations will not be affected after it is split ...

Much at Stake if Mitumba Importation is Banned
gikomba-market
Taking a walk through the busy open-air Gikomba Market, one will not fail to notice a beehive of activities as traders try ...

Insurance Companies in Partnership with Government to Provide Cover against Poor Maize Yields
maize farming
Equities Wednesday’s trading was marked by improvements on the market indicators and in the value of transactions. The NSE-20 Share Index was ...

Kenyan Banks Lose Billions Due to South Sudanese Pound Devaluation

When South Sudan became independent, financial institutions flocked the country to get hold of a wide range of investment opportunities that had ...

Online Banking Key Driver for Equity Group Growth
equity-group-holdings
Kenya’s Equity Bank Group has cited online banking as a driver to its growth after witnessing significant growth in transaction numbers and ...

Kenyans in Diaspora Sent Home Sh13bn in January

The Central Bank of Kenya conducts a survey on remittance inflows every month through formal channels that include commercial banks and other authorized ...

Barclays Bank Reports After Tax Profit of KES 8.4 Billion

Barclays Bank of Kenya announced a profit after tax of KES 8.4 bn for the year ended 31 December 2015. During the ...

KCB Group Post-Tax Profit Jumps 16 Percent to KShs. 19.6B
KCB Group Named 2017 Kenya’s Bank of the Year
KCB Group Limited posted a 16% increase in profit after tax for the 12 months ending December 2015 on the back of ...

CfC Stanbic Holdings Records KSh 7.359B Profit in 2015

CfC Stanbic Holdings has recorded Kshs 7.359 billion in pre-tax profits for the year ended 31 December 2015. This is a ...

This is why Barclays PLC is Exiting Africa

Barclays PLC, the financial entity that has been scaling the financial market in Africa for more than 100 years is planning to ...