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BUSINESS

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NBK in 217% Profit Growth as Recovery Gathers Momentum

National Bank of Kenya (NBK) has posted a pre-tax profit of Ksh535 million in its 2004 first quarter financial results, representing a 217% increase compared to Ksh169 million reported in a similar period last year.

The Bold and the Beautiful at Think Business Banking Awards

CitiBank NA has been named as the best bank in Kenya at the Think Business Banking Awards 2024.

NCBA Bank Opens Earnings Season With 5% Profit Rise

NCBA Bank Kenya, one of the country's largest lenders, kicked off earnings season with a 5% rise after posting Ksh5.3 billion profit after tax...

Co-op Bank Q1 Profit Rises, Riding on Strategic Focus on Growth

Co-op Bank profit increased to Ksh6.58 billion for the first quarter of 2024 as its strategic focus on sustainable growth and resilience continues to bear fruit.

Dubai Linked Islamic Bank Reports First Ever Profit 

DIB Bank Kenya (DIBBK), a wholly owned subsidiary of Dubai Islamic Bank PJSC (the largest Islamic bank in the UAE), announced its results for the period ending March 31, 2024.

Del Monte Kenya to Convert Pineapple Waste into Fertiliser

Del Monte Kenya Ltd., a leading producer of fresh fruit has established a plant that will turn the company’s pineapple residues into biofertiliser.

Casio Opens First G-Shock Store in Mombasa as it Marks 50 years

CASIO Middle East and Africa FZE, the regional subsidiary of CASIO Computer Co. Ltd, the leading technology company, has opened its second CASIO G-SHOCK store in Kenya and first in Mombasa, as it looks to tap into the growing watches and jewellery market in Kenya.

Undersea Fibre Cable Cuts Cause Losses for Kenyan Businesses

The disruption of two undersea fibre optic cables left Kenyan Internet Service Providers and companies facing significant losses as services were severed, impacting internet users, international voice calls, and business operations.
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