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KCB recorded a 16 percent rise in total income to Ksh79.9 billion, on account of higher interest income—driven by an increase in earning assets—, higher non-interest income – driven by increased transactional volumes and FX income and lower cost of funding.
BUSINESS

KCB Group Profit After Tax Hits Ksh25 Billion In Q3

KCB Group Plc more than doubled its profit after tax for the nine months ending September 2021. Net profit stood at Ksh25.2 billion...

A National Bank of Kenya (NBK) branch. [Photo/ NMG]
BUSINESS

No Turning Back: NBK Q3 2021 Net Profit Up 1126PC To KSh1.1 Billion

National Bank of Kenya (NBK) posted Ksh1.1 billion in profit after tax for the nine months ending September 2021, representing a 1126 percent...

Stanbic Bank Kenya Chief Finance and Value Officer, Abraham Ogenge (Left) and Inchcape Kenya Managing Director Hussein Ibrahim (Right) during the signing of the Partnership between Stanbic Bank and Inchcape Kenya.
BUSINESSMARKETS

Stanbic Bank, Inchcape Ink Deal To Offer 100PC Financing For Luxurious Cars

Stanbic Bank Kenya and Inchcape Kenya have entered into a partnership that will see customers get up to 100% financing to acquire BMW,...

Newly appointed KPL Commercial Director Taiwo Atieno with CEO Jack Oguda when his appointment was announced on November 11, 2021. [Photo/ Courtesy]
SPORTS

The Return of KPL Limited? Hints as Gor, AFC Back Govt

“We can take the KPL model which was working very well. A committee made by the club’s chairmen should be the one running...

Stanbic Bank Chief Executive Officer Charles Mudiwa (right) and Head of Stanbic Foundation Pauline Mbaya (left) hand over an award to Tarakwo Dairies Directors Samson Biwott and Timothy Busienei. Tarakwo Dairies won Ksh 5 million grant.
BUSINESS

Seven MSMEs Receive Ksh33 Million In Grants From Stanbic Bank

Stanbic Bank Kenya through its Accelerate Program, Stanbic Foundation and United States African Development Foundation (USADF) has unveiled seven recipients of the Ksh33...

DLAK brings together 25 lenders with over 3 million active customers, including Tala and Branch.
BUSINESS

Loan Apps Lock Out New Customers Over CRB Freeze

Digital Lenders Association of Kenya (DLAK) chairman Kevin Mutiso confirmed that they  will only lend to repeat customers. He argued that provisions on...

Air Tanzania
BUSINESS

Air Tanzania Splashes Ksh81Bn For New Boeing Freighter, Passenger Jets

Boeing and the United Republic of Tanzania have announced an order for a 787-8 Dreamliner, a 767-300 Freighter and two 737 MAX jets...

A Jambojet plane on a runway.
BUSINESSFEATURED STORY

Jambojet Offers Discounted Trips Ahead Of The Festivities

Jambojet has partnered with Cellulant, a Pan-African payments company, to reward Jambojet customers with discount vouchers as they book flights ahead of the...

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