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The uptick in non-funded income was fueled by a 114 percent rise in forex trading, which grew to Ksh2.19 billion in the three months to March.
FEATURED STORY

StanChart Posts Ksh4B Q1 Net Profit

Standard Chartered Bank recorded Ksh4 billion in profit after tax in the first three months of 2023, up 46 percent from a similar...

The feature will allow users to lock individual chats with a password or biometric authentication. [Photo/ Meta]
FEATURED STORY

Whatsapp Chat Lock – How to Use the New Feature

Meta-owned messaging app Whatsapp has introduced the ability to lock individual chats with a password or biometric authentication.

Equity CEO Dr. James Mwangi also maintained his long-held stance that the lender's DRC unit will eventually overtake its Kenya base in volume and profitability.
FEATURED STORY

Equity Made Ksh12.8B Net Profit in 3 Months – Here’s How

The lender's total income in Q1 2023 stood at Ksh39.7 billion, up 28% from Ksh30.9 billion in Q1 2022.

The new venture was announced by group CEO Dr. James Mwangi alongside results for the first quarter of 2023. Equity Group posted 8% growth in profit after tax to hit Ksh12.8 billion in Q1 2023.
BUSINESSFEATURED STORY

Equity Ventures Into General Insurance Business

The move follows the launch of its life insurance business, Equity Life Assurance Kenya (ELAK), last year. Citing milestones achieved by the life...

He was previously Principal Secretary at the National Treasury in former President Uhuru Kenyatta's administration.
ECONOMYFEATURED STORY

Ruto Nominates Kamau Thugge as CBK Governor

Dr Thugge is currently the senior adviser and Head of Fiscal Affairs and Budget Policy at State House. He was previously Principal Secretary...

Chetan Ratna
OPINION

Smart Buildings: It’s a Smarter, Greener World

By Chetan Ratna The Energy Internet presents a futuristic evolution of electricity systems and is conceptualised as an energy-sharing network. The research paper...

The company operates a cement grinding plant with the capacity to produce 2.4 million tons a year. 
BUSINESSFEATURED STORY

Savannah Cement: Administrator Takes Over Insolvent Manufacturer

Savannah Cement had fought an ultimately futile legal battle over the past year disputing the debts of over Ksh7 billion owed to KCB...

Former Senator Gideon Moi, who is also his political heir, has been central in controlling the family purse since his father's passing in 2020.
BUSINESSPERSON OF INTEREST

3 Luxury Hotels Owned by The Mois

With vast interests in real estate, hospitality, media, manufacturing, transport and agriculture among other sectors, the family of the late former President Daniel...