Tag: John Gachora


NCBA Economic Forum Reveals Hurdles to 6% GDP Growth

NCBA Economic Forum noted that the Kenya’s economic growth path potentially faces several challenges including foreign exchange pressure occasioned by weak shilling and low official FX reserves, uncertain weather conditions and persistently high inflation.

NCBA Group, Betting Big On Insurance, Is Set To Acquire AIG Kenya

The acquisition of AIG Kenya, the over 50-year-old insurance company, which has dominated insurance business for years, will be a landmark transaction in Kenya's financial services industry.

M-Shwari is Changing – Here’s How

Offered by Safaricom in partnership with NCBA, M-shwari disbursed Ksh42 billion in the six months to June 2022, compared to Ksh44.8 billion disbursed over the same period in 2021. It is dwarfed by another of Safaricom's credit products, overdraft service Fuliza - which is also offered in partnership with NCBA - and disbursed Ksh288 billion in the first half of the year up from Ksh220.38 billion in the same period last year.

John Gachora Reelected KBA Chairman As Bankers Reconstitute Governing Council

The Kenya Bankers Association (KBA) membership has reelected NCBA Bank Managing Director and CEO John Gachora and Family Bank Chief Executive Officer Rebecca Mbithi...

Kenya’s GDP Projected to Recover to 5.3% in 2021 – NCBA Economic Outlook Report

The report further cites that vaccination remains a major policy imperative in achieving strong, sustainable, and inclusive growth which, subject to vaccine availability, could enhance confidence later in the year.

NCBA Q1 Net Profit Rises To Sh2.84 Billion

NCBA Group PLC has recorded an after-tax profit of Ksh2.84 billion for the first quarter ending March 31, 2021. This was an increase of...

NCBA Proposes Ksh1.50 Dividend Even as Profit Falls 42%

The merged bank recorded profit after tax of Ksh4.57 billion for the year ended December 31, 2020 down from Ksh7.8 billion in 2019. Like all other tier-one lenders, the situation was down to the tough operating environment in 2020 due to the Covid-19 pandemic.

Uhuru Bank Announces Exit of Boardroom Veterans

Both of the boardroom operatives have opted to head for retirement

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Whipped and Stripped! A Survivor’s Tale of Harrowing Brutality in a Mental Hospital

The lack of a long-term vision and inadequate resourcing of mental hospital infrastructures continues to take a toll on Kenya’s mentally ill patients.

Dubai Agency Picks Top Influencer Marketers to Lead Kenyan Operation

This strategic move is in line with indaHash vision to cement its presence in Africa, following its impactful footprint in South Africa since 2017 and successful collaborations with clients like the South African Tourism Board.

SportPesa to reward Customers in Cash-Filled Festive Promotion

Running from December 4th to 25th, the SportPesa campaign promises daily excitement with six lucky winners expected to walk away with Ksh5,000 daily.

Captain William Ruto: President’s Namesake With a Decorated Career

Captain William Kipkemboi Ruto is officially known by the name William Ruto, which also happens to be President William Samoei Ruto’s official name.

Amazing Origin of ‘Pesa’ and How Shilling Overtook Foreign Currencies

With the establishment of individual Central Banks for the three East African countries, Kenya began printing and minting its own shilling currency notes under the mandate given to the Central Bank of Kenya in 19676.