StanChart posts Ksh6.9bn in net profit in 2017

Standard Chartered Bank Kenya made 6.9 billion shillings in net profit representing a 23% decline. The lender saw its gross non-performing loans increase 16 percent to 17.6 billion shillings. The bank has proposed a total dividend...

Britam announces Voluntary Early Retirement program

Britam Holdings PLC has announced a Voluntary Early Retirement (VER) program in line with the company’s strategic plan 2016-2020. The VER is part of the strategic journey that Britam embarked on in 2011 that has...

Government prioritizes to grow manufacturing sector 2018/2019 FY

The government plans to grow the manufacturing sector during the 2018/2019 financial year by bringing in two global tea processors, establishment of phone, laptop, and TV assembly plants, training and setting up of 5,000...
Treasury

National Treasury to release Eurobond details next week

Treasury will release finer details of the 200 billion shillings Eurobond next week once top officials return from London. The bond listed mid this week on the London Stock Exchange caught the country by surprise...
Agriculture and Food Authority’s Tea Directorate

Kenya’s tea earnings projected to rise 5pc this year

Kenya’s tea earnings are projected to rise 5 percent this year to Ksh 135 billion, up from Ksh 129 billion recorded last year. The Agriculture and Food Authority’s Tea Directorate says Kenya’s is likely to...
Kenya Dairy Board keen to reduce sale of milk through informal channels

Kenya Dairy Board keen to reduce sale of milk through informal channels

Reducing the sale of milk through informal channels, lowering the cost of production as well as increasing compliance and quality assurance will be among the key agendas for the Kenya Dairy Board in its...

Kenya Shilling rallies despite election blues

The Kenyan shilling finished strongly last week against major regional and international currencies despite the elections blues. According to the latest Central Bank of Kenya report, the capital markets also recorded a strong performance during...

World stocks retreat from record highs as valuations give cause for a pause

By Reuters Global stocks paused near record highs as worries over China's banking system provided an excuse for investors to lock in some profits. The dollar was set for its best week of the year...

Leather, Textile sectors winners in 2017/18 budget

By Christine Muchira/Release The government has announced its keenness to grow the leather and textile sector by allocating Ksh 1.6 billion for the leather industrial park development and textile development. An additional 450 Million has been...

New Two Rivers Mall Barclays branch to operate 24-hours

By Christine Muchira/Release Barclays Bank of Kenya has opened a new state of the art branch at the newly opened Two Rivers Mall in Nairobi. The new branch will offer an array of services including...
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