Stanbic Braves Covid-19 Storm to Record Ksh5.2B Profit for 2020
It defied challenges including Covid-19 restrictions, subdued interest rates, weakening of the local currency and increased regulations. The pandemic and its impact on the economy including the waivers on mobile transactions granted by the bank to support clients and reduction in brokerage fees negatively impacted non interest income.
This Just In
money & markets
Media
BT Fact Check
Health
Latest Articles
CitiBank Announces Ksh300 Million Facility for 25,000 Women-Owned Businesses
He disclosed that Citibank, alongside 4G Capital, would support 25,000 entities through their smart partnership. The capital they intend to incur would be a specific outcome that is measurable and would scale up a smart partnership.
Stanbic Braves Covid-19 Storm to Record Ksh5.2B Profit for 2020
It defied challenges including Covid-19 restrictions, subdued interest rates, weakening of the local currency and increased regulations. The pandemic and its impact on the economy including the waivers on mobile transactions granted by the bank to support clients and reduction in brokerage fees negatively impacted non interest income.
NTV Dunks on Rivals With Exclusive NBA Broadcast Rights Deal
It comes at a time when there is increased interest in the sport among Kenyans following the qualification of the Morans, the mens' national team, to AfroBasket 2021 to be held in Kigali, Rwanda.
Kobi Kihara: How Ex-NTV Queen Bounced Back from Scandal in New York
Kobi hasn't allowed the scandal to stop her progress and has been making impressive moves in New York where she remains based.
Ksh18 Billion-a-Year Mitumba Industry Fights for Changes Amid Threats to Its Survival
The second-hand clothes sector in Kenya, better known as Mitumba, paid Ksh12 billion in taxes in 2019, and employs over 2 million people. A new report from the Institute of Economic Affairs (IEA) commissioned by the Mitumba Consortium Association of Kenya, offered numerous insights into the lucrative sector which continues to face threats despite its contribution to the economy.
Kenya’s Fastest Man Touted As The Next Usain Bolt
The athlete, who goes by the name Ferdinand Omanyala, was to later have his dream short-lived as his win was later declared wind-assisted. "I had set my eyes on the prize and knew that I would win big and break a record during this tournament," said Ferdinand after completing the race.
Though Omanyala’s win was not ratified as a national record because it was wind-assisted, Kenya's leading betting firm Odibets has come out to support the athlete to encourage him that all hope is not lost.
Techno Brain Receives Global Impact Sourcing Award
Techno Brain BPO ITES, a subsidiary of Techno Brain Group, has been awarded the Global Impact Sourcing Award (GISA) by the International Association of...
Safaricom, M-Pesa Top List of 100 Brands Kenyan Women Love the Most [LIST]
March 8 is International Women’s Day. This article is part of a week-long series from Business Today celebrating African women and highlighting their challenges they face.
Relief for Beer Manufacturers as MPs Reject Raising Minimum Alcohol Package
Mr. Mwakumona had argued that the sale of alcoholic drinks in low quantity packages made it easily affordable and accessible to the youth. The rejection of the new packaging requirements brings relief to the beer manufacturers who would have been forced to purchase new bottles and install new packaging lines and reduce their staff numbers due to a fall in volumes of alcohol sold.
Why Firms Are Confident About 2021 – Stanbic Kenya PMI Report
"Economic activity picked up in January on account of an improvement in customer spending due to improving cash flows in the economy and the re-opening of schools. These factors resulted in an increase in output and new orders. While inflationary pressures from the higher VAT and raw material shortages led to a steep rise in output prices, firms are now more positive about an improvement in business conditions over the next 12 months than they were last month," the Fixed Income and Currency Strategist noted.