Stories By Bernard Wafula
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Jubilee Life posts Sh2.1 billion profit in 2024 as investment income surges
Apr 24, 2025 at 08:16 PM
Jubilee Life Insurance has posted a Profit After Tax of Sh2.1 billion for the financial year ending December 31, 2024, underscoring the strength of its investment strategy despite ...
CBK seeks public input on new credit pricing model to reform lending rates
Apr 23, 2025 at 03:41 PM
The Central Bank of Kenya (CBK) has invited public comments on a proposed revision to the Risk-Based Credit Pricing Model, aiming to enhance transparency and ensure lending rates r...
Shell, Rubis, Total control above half of local fuel market as competition trudges
Apr 22, 2025 at 02:26 PM
Kenya’s fuel industry continues to be dominated by just three companies, even though there are 144 oil marketing companies (OMCs) registered in the country....
Court orders Dawa Life Sciences to pay Sh3.8 million for pay discrimination
Apr 22, 2025 at 12:25 PM
A Kenyan court has ruled that Dawa Life Sciences Limited unlawfully discriminated against one of its senior managers by paying him significantly less than his counterparts, awardin...
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Equity Bank urges SMEs, HNIs to seek partnerships in their expansion plans
Apr 21, 2025 at 07:55 PM
Equity Bank has called on Small and Medium-sized Enterprises (SMEs) in Kenya to partner with the bank as they formulate plans to scale their businesses....
CBK lifts decade-long moratorium on licencing of new commercial banks
Apr 16, 2025 at 07:57 PM
New commercial banks will once again be able to establish their presence in Kenya starting July 1, 2025, following a decision by the Central Bank of Kenya (CBK) to lift the morator...
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CDSC to deactivate its Rhino chatbot
Apr 15, 2025 at 04:15 PM
The Central Depository and Settlement Corporation (CDSC) will deactivate its Rhino chatbot platform on Friday, effectively cutting off the digital assistant that has served investo...
300 students to receive Sh100 million in scholarships through KCB Foundation
Apr 10, 2025 at 06:12 PM
KCB Foundation has committed Sh100 million to support 300 students flagged off into its Annual University Scholarship Programme....
KCB becomes first bank to act on CBK order, cuts lending rate to 13.85 per cent
Apr 10, 2025 at 03:33 PM
KCB Bank has taken the lead among Kenyan lenders by lowering its base lending rate from 14.6 per cent to 13.85 per cent per annum, becoming the first financial institution to respo...
Thugge downplays impact of Trump's proposed tariff hike on Kenya's exports
Apr 09, 2025 at 04:15 PM
Central Bank of Kenya (CBK) Governor Kamau Thugge has sought to alleviate concerns over the proposed 10 per cent tariff hike on Kenyan exports to the United States, stressing that ...
SBM Bank Kenya unveils bid to empower women entrepreneurs to better compete
Apr 09, 2025 at 01:53 PM
SBM Bank Kenya is taking significant strides to create a more inclusive financial ecosystem with a bold focus on empowering women entrepreneurs....
KMA reacts to KUSCCO’s financial turmoil with Sh525 million write-off
Apr 07, 2025 at 03:43 PM
The Kenya Medical Association Regulated Non WDT Sacco Limited (KMA) has taken the decision to write off a significant Sh525 million held in investments at the Kenya Union of Saving...
Treasury CS John Mbadi makes startling admission on Kenya's economic situation
Apr 07, 2025 at 02:17 PM
Treasury Cabinet Secretary John Mbadi has openly acknowledged the serious economic challenges Kenya is currently facing, revealing that past borrowing decisions, particularly short...
NCBA and AGF renew partnership with Sh3 billion deal to spur women-led SMEs
Apr 03, 2025 at 08:30 PM
NCBA has extended its partnership with the African Guarantee Fund (AGF) through a Sh3 billion enhanced guarantee agreement, which will run for a decade, to expand financial support...
Kakuzi challenges farmers in Kenya to diversify into US avocado export market
Apr 03, 2025 at 04:49 PM
Kakuzi has called for Kenya to reduce its reliance on European markets and focus on exploring the United States as a new destination for avocado exports....
Family Bank profit jumps 38 per cent to Sh3.4 billion as revenue and assets grow
Mar 29, 2025 at 12:31 PM
Family Bank Group’s net earnings climbed to Sh3.4 billion in 2024, reflecting a 38 per cent increase from the previous year’s Sh2.5 billion....
Britam Holdings posts 52 per cent rise in pre-tax profit to Sh7.3 billion in FY 2024
Mar 28, 2025 at 06:19 PM
Britam Holdings PLC has reported a 52 per cent increase in profit before tax, reaching Sh7.3 billion for the financial year 2024, up from Sh4.82 billion in the previous year....
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I&M Bank proposes Sh3 dividend as gross profit surges 25 per cent to Sh20.8 billion
Mar 26, 2025 at 05:56 PM
I&M Group recorded a Profit Before Tax of Sh20.8 billion for the financial year ending December 31, 2024, reflecting a 25 per cent increase....
How KCB Group transacted Sh1.3 billion through digital banking channels in 2024
Mar 25, 2025 at 08:50 PM
KCB Group has revealed that 99 per cent of all transactions made through the bank in 2024, which totalled Sh1.3 billion, were conducted outside physical branches, underscoring a ra...
Kakuzi reports Sh167 million pre-tax loss in 2024 as revenue drops to Sh4.79 billion
Mar 25, 2025 at 10:52 AM
Kakuzi PLC has reported a pre-tax loss of Sh167 million for the year ended December 31, 2024, reversing a profit of Sh664 million in 2023....
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