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Finance & Markets

Depositors shrink Equity Bank’s Q1 margins by a quarter

Equity Bank's interest expenses on customer deposits almost doubled from Kes5 billion to Kes9.5 billion signaling the challenge facing lenders as depositors become more aware of the value of their money.

May 13, 2024

Brands·Finance & Markets

Absa’s Timiza and Safaricom Fuliza ya biashara fastest growing platforms

Safaricom’s new overdraft for merchants disbursed Kes32.5 billion in its first full year of operations, making a powerful market grab as the company converts small business seeking payments solutions into loan customers.

May 13, 2024

Finance & Markets

Safaricom hooks youth to arrest falling call time

At Kes140 billion, M-Pesa revenues now make up 43 percent of mobile money incomes dwarfing voice, mobile data and messaging incomes for the telco.

May 9, 2024

Finance & Markets

Kenya Power to bring E Mobility charging portals to Kisumu

The electricity distributor Kenya Power plans to invest Sh258 million in buying electric vehicles and setting up related infrastructure over the next three years to boost the uptake of e-mobility.

April 23, 2024

Finance & Markets

Family Bank customer support keeps lid on defaults

The slower growth in the interest income was because the group chose not to pass the full cost of funding to the customers thereby cushioning them from the steep rise from interest rates

April 1, 2024

Finance & Markets

Bad loans and acquisition deals cost KCB twice as much to recapitalize

KCB Group plans to borrow $200 million (Kes26.5 billion) to help rebuild the balance sheet of its Kenyan banking subsidiary up from $100 million, about Kes14.5 billion the bank announced last year.

March 25, 2024

Finance & Markets

Absa smoothens transition year with 12 percent profit growth

Absa appointed Abdi Mohamed as CEO in May 2023, replacing Mr Jeremy Awori who left the lender after a decade that saw it switch brands from Barclay Plc. Last year was also the inaugural year for Absa executing its ambitious five-year strategy to win

March 18, 2024

Finance & Markets

IMF warned Kenya currency strength won’t bring down prices

IMF said models tracking Kenya’s exchange rates movement over decades showed that while prices shot up during currency depreciations, they do not come down when the shilling strengthens.

February 20, 2024

Finance & Markets

Kenya’s ‘black leopard’ valentine bonds

For Kenya, pressure to contain spiraling currency and local domestic maturities have meant that expensive money is preferable to inflation and default.

February 13, 2024

Events & Travel·Finance & Markets

Where to buy fish in Kisumu.

We first learned about these old school fishermen from a relative who has lived here for years. He gave us a hack for getting affordable fish, which in my one month here has proved to be the most useful.

February 4, 2024

Finance & Markets

Company quotations are saying something about dollar rates

Clients who initially agreed to prices quoted in Kenyan Shillings a couple of months ago, are now grappling with the unexpected burden of having to pay more for goods and services that were once upon a time within their budgets.

February 2, 2024

1 2 Next

Finance & Markets

Depositors shrink Equity Bank’s Q1 margins by a quarter

Absa’s Timiza and Safaricom Fuliza ya biashara fastest growing platforms

Safaricom hooks youth to arrest falling call time

Kenya Power to bring E Mobility charging portals to Kisumu

Family Bank customer support keeps lid on defaults

Bad loans and acquisition deals cost KCB twice as much to recapitalize

Absa smoothens transition year with 12 percent profit growth

IMF warned Kenya currency strength won’t bring down prices

Kenya’s ‘black leopard’ valentine bonds

Where to buy fish in Kisumu.

Company quotations are saying something about dollar rates

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