Co-op Bank Posts Ksh22.6B Profit in Their Best Year Ever
The bank highlighted the implementation of its universal banking model as a key driver of growth. It has moved 94% of all customer...
MARTIN SIELE1 Mins read
![KCB Group CEO Joshua Oigara (left) and his Equity counterpart James Mwangi. [Photo Edit/ Business Today Kenya]](https://businesstoday.co.ke/wp-content/uploads/2022/03/Untitled-design.jpg)
KCB Joins Equity in Scramble for DRC
Like Equity, KCB will be thinking about how to get in the front seat of driving financial inclusion in the populous nation. They...
MARTIN SIELE2 Mins read
CIC Back in Profit-Making Territory After Strong 2021
The group’s gross written premium excluding pension contributions increased to Ksh19.6 billion compared to Ksh16.9 billion at the end of 2020. Investment income...
MARTIN SIELE2 Mins read
![Keroche founder Tabitha Karanja (l) with Joseph Karanja at a past product launch. Agreement on a new payment plan will see Keroche's Naivasha brewery reopened for production. [Photo/ Keroche]](https://businesstoday.co.ke/wp-content/uploads/2022/03/tabitha-karanja_2_0.jpg)
Relief as Keroche, KRA Strike Deal
The taxman, who is demanding a total of Ksh22.79 Billion in unpaid taxes from Keroche, further noted that the new payment plan sets...
MARTIN SIELE2 Mins read
![Digital credit services will be required to disclose interest rates, late payment and rollover fees before issuing the loans. [Photo: REUTERS/Thomas Mukoya]](https://businesstoday.co.ke/wp-content/uploads/2022/03/mobi-635x420-1.jpg)
New Rules for Loan Apps as CBK Sets Compliance Deadline
With the new regulatory framework, they will be required to disclose interest rates, late payment and rollover fees before issuing the loans. The...
MARTIN SIELE1 Mins read
Toyota Kenya is Now CFAO Motors, Here’s Why
"When we took in other brands under Toyota, it was difficult to communicate [Suzuki - by Toyota], there was a miscommunication when we...
MARTIN SIELE1 Mins read
![Manufacturers and traders who will feel the pinch of the increased transport costs could also pass on the cost to consumers. [Photo/ KARA]](https://businesstoday.co.ke/wp-content/uploads/2022/03/road.jpg)
Fuel Hike: Transporters Increase Charges in Response
The move by KTA came barely a day after the Energy and Petroleum Regulatory Authority (EPRA) announced the increase of fuel costs across...
MARTIN SIELE1 Mins read
![Absa Bank Kenya CEO Jeremy Awori at a past event. The bank significantly reduced its operating expenses in 2021. [Photo/ Kenya Insights]](https://businesstoday.co.ke/wp-content/uploads/2022/03/944EA180-B5A1-4A6F-A4F5-6765090F69F5.jpeg)
Absa Kenya Records Ksh10.9B Profit in Massive 161% Jump
Banks including Standard Chartered and Absa have so far reported significantly higher profits for 2021, driven by lower costs and reduced credit impairment...
MARTIN SIELE1 Mins read
