Category: Finance News

September 6, 2019 0

KCB Commits Billions of Shillings to Women in Diversity and Inclusivity Drive

By mykenyancareers

NAIROBI, Kenya, Sept 6 – KCB Group is seeking to deepen its new women proposition, committing billions of shillings towards funding women owned and women run enterprises. The Bank said the drive is meant to strengthen its diversity and inclusivity focus as part of its sustainability agenda by simplifying financial inclusion for women. The programme … Continue reading “KCB Commits Billions of Shillings to Women in Diversity and Inclusivity Drive”

September 5, 2019 0

Internet users in Kenya least concerned about their privacy online – UNCTAD report

By mykenyancareers

NAIROBI, Kenya, Sep 5 – Kenyans online are the least worried lot globally of their privacy, an inaugural Digital Economy Report by the United Nations Conference on Trade and Development (UNCTAD) has shown. According to the Digital Economy Report 2019, only 44 per cent of internet users in Kenya are concerned about their privacy online … Continue reading “Internet users in Kenya least concerned about their privacy online – UNCTAD report”

September 4, 2019 0

Half a million companies holding Sh241bn in unclaimed assets -UFAA

By mykenyancareers

NAIROBI, Kenya, Sept 4 – Nearly half a million companies and institutions in Kenya are still holding billions of shillings that need to be reunited with the rightful owners. This is according to the Unclaimed Financial Assets Authority (UFAA) who say the unclaimed asset holders who include banks, saccos, pension schemes, utility firms are holding … Continue reading “Half a million companies holding Sh241bn in unclaimed assets -UFAA”

September 2, 2019 0

UAP Old Mutual profits jump 101.5pc to Sh383mn in HY19

By mykenyancareers

NAIROBI, Kenya, Sep 2- UAP Old Mutual Group has announced an increase in profit after tax of Sh383 million in its half year results 2019. This is a 101.5 per cent increase from the Sh190 million that was registered during a similar period last year. The group has attributed the improved performance to reduced expenses … Continue reading “UAP Old Mutual profits jump 101.5pc to Sh383mn in HY19”

September 2, 2019 0

Government to reopen two bonds this September

By mykenyancareers

NAIROBI, Kenya, Sept 2 – The government will reopen two 15 years bonds to raise Sh50 billion for budgetary support this month. The two medium-tenor bonds are also expected to help reduce the maturity risk profile government debts. Analysts from Cytonn Investments say they expect the bonds to be oversubscribed as per recent trends, driven … Continue reading “Government to reopen two bonds this September”

August 30, 2019 0

KCB to take 7.5 per cent of outstanding Imperial Bank deposit balances

By mykenyancareers

By Juliet Omelo: NAIROBI, Kenya, Aug 29  – Kenya Central Bank (KCB) is set to take over 7.5 per cent of the outstanding deposit balances at the Imperial Bank (IR) translating to a total recovery rate of 38 per cent. Speaking during a joint press briefing on an ongoing receivership on Thursday, Kenya Deposit Insurance … Continue reading “KCB to take 7.5 per cent of outstanding Imperial Bank deposit balances”

August 30, 2019 0

Kiambu County seeks partnerships with banks to whitelist youths registered in CRB

By mykenyancareers

KIAMBU, Kenya, Aug 30 – Kiambu county has commenced negotiations with local banks in a bid to boost the uptake of a newly established Jijenge Fund and held whitelist youths with a negative Credit Reference Bureau (CRB) rating. Karungo wa Thang’wa, the County Executive Committee (CEC) Member for Youth Affairs, Sports and Communication called on … Continue reading “Kiambu County seeks partnerships with banks to whitelist youths registered in CRB”

August 30, 2019 0

Safaricom declares Sh74.9bn dividend payout for year ending March 31

By mykenyancareers

NAIROBI, Kenya, Aug 30 – Safaricom (NSE: SCOM) shareholders on Friday approved a record Sh74.92 billion dividend payouts for the financial year ending March 31, 2019. In one of the largest dividend payouts, shareholders attending the company’s Annual General Meeting at Bomas of Kenya approved a special dividend of Sh0.62 per share, amounting to Sh24.8 … Continue reading “Safaricom declares Sh74.9bn dividend payout for year ending March 31”

August 30, 2019 0

Barclays Bank posts Sh3.9 billion profit in half year results as transition to ABSA gains momentum

By mykenyancareers

NAIROBI, Kenya, Aug 30 – Barclays Bank of Kenya’s transition to Absa Group is almost complete, after eight of the nine banks in Africa already switched to Absa in July 2018. The bank’s Managing Director, Jeremy Awori, said the shift to the new name has gained momentum and the transition is about 65 per cent … Continue reading “Barclays Bank posts Sh3.9 billion profit in half year results as transition to ABSA gains momentum”

August 29, 2019 0

NBK attributes 153% rise in 1H19 profits to growth in operating income

By mykenyancareers

NAIROBI, Kenya, Aug 29 – National Bank of Kenya has announced a 153% rise in after-tax profit for the period ending June 30, 2019, representing Sh150 million more than 2018 earnings. The Bank’s Managing Director and Chief Executive Officer Wilfred Musau said the rise in profitability was attributed to growth in operating income during the … Continue reading “NBK attributes 153% rise in 1H19 profits to growth in operating income”